Category Archives: Debt Management
What is charged off debt and do I have to pay it?
One of the most common misconceptions about debt (or at least the payment of debt) has to do with the term “charge off.” Many consumers have received notifications or explanations that a debt may be charged off if it is not paid. This may lead some to believe that if they do not pay… Read More »
Why millennials shouldn’t count on bankruptcy for student debt
According to a report by the Federal Reserve Bank of New York, Americans owe more in student loan debt than all the credit card debt combined. That is a huge financial epidemic. One that is felt heavily by millennials, many of whom are facing the harsh reality of the job market. While credit card… Read More »
How federal laws protect consumers from creditor harassment
As someone with debt issues or significant debt, you are probably no stranger to constant calls and e-mails from creditors. Although debt collectors in many situations are allowed to contact you, there is sometimes a fine line between debt collection and creditor harassment. If you believe you are the victim of creditor harassment, consider… Read More »
9 signs you are the victim of creditor harassment
Anytime a debt collection agent contacts you, it can feel like harassment or abuse. After all, if you have debt, the last thing you need is to feel hounded to make payments you just can’t make. To make matters worse, creditors are aggressive and they can be relentless when it comes to seeking payments…. Read More »
How much can creditors take with wage garnishments?
If you’re deep in debt and behind on your payments, you could also be facing a lawsuit from a creditor. This lawsuit is likely to seek judgment against you, which, if granted by a judge, will give a creditor the ability to then garnish your wages for the purposes of paying off debts. If… Read More »
What are my options when dealing with student loan debt?
Though the economy is on a significant rebound since our last recession, many people are still struggling to find a place in the job market. Having the hardest time are recent graduates who are running into the old dilemma: employers want you to have 1-5 years of work experience for an entry-level job right… Read More »
What to expect if you are facing wage garnishment pt. 2
In our last post, we discussed what people can expect if their wages are garnished to pay off debts. In that post, we discussed the process and protections of wage garnishment as well as the fact that your employer will know about your money problems. We want to also note that it can often… Read More »
Struggling with debt? You don’t have to struggle alone
One of the things people often say after reaching out for help on complicated issues is that they wish they had done so earlier. But asking for help can be a very difficult thing to do, particularly when you are struggling with an issue you find embarrassing or shameful. This is the stigma that… Read More »