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Bankruptcy is a powerful tool under federal law that lets families and individuals get back on their feet after dealing with debt. Many people assume that, in order to get this fresh start, they need to give up everything they own, down to the last penny. Fortunately, this is not true. While bankruptcy is governed […]
Credit card debt can be eliminated over time by managing your money, controlling your spending and consulting with a credit counselor among other tactics. Nobody wants to be in credit card debt but luckily there are many options available to help you get out of debt. The Fair Credit Act allows you to see what […]
Chapter 7 bankruptcy provides an opportunity for individuals to resolve some or all of their debt, including auto loans and leases. For those who own a car, surrendering it could help to eliminate some debt, improving your financial circumstances. However, there are a few key things to learn about the process. How Can Chapter 7 […]
Data from the American Bankruptcy Institute for 2017 shows there were 44,407 bankruptcies in Georgia. After having your debts discharged in a bankruptcy you may begin to turn your focus to rebuilding your financial wellness. Rebuilding your credit is a process that will take time. Financing an automobile is one of the more likely ways […]
According to Experian, roughly 20% of current auto loans are considered to be subprime. These loans are geared for those with poor credit and have high interest rates. The best course of action for handling an existing auto loan as you approach bankruptcy requires that you and your attorney evaluate your specific circumstances. Assuming that you require a vehicle […]
According to a recent report from WSAV NBC News in Savannah, the amount of credit card debt among U.S. consumers has now reached approximately $1 trillion. Data from CNBC goes further too also include debt stemming from mortgages, student loans, and vehicle loans, which roughly totals $13.15 trillion. This is the fifth year in a row that household debt has […]
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