When Maryland residents fall into debt, you may come across debt collectors. These people work to ensure you pay your debts to the people you owe. Debt collection is a tricky field to navigate, though. Sometimes, debt collectors are forceful. But the law prohibits...
Year: 2020
Can you still pay for things online after bankruptcy?
Bankruptcy would probably not stop you from shopping for necessities online or paying bills virtually. However, if you used a credit card in the past, that might be a costlier option during and immediately following the process. One of the main purposes of bankruptcy...
How to balance your budget after bankruptcy
When you file for bankruptcy, you can get your finances back to square one. However, once you file, you cannot file again for a set number of years after your discharge. This means that you need to be very careful with your finances. You have to create a budget and...
Why should you beware of subprime credit cards?
If you have recently filed for bankruptcy in Maryland, you know first-hand the liberating feeling of being able to start fresh with a clean financial slate. It is no surprise, however, that while much of your debt has been wiped clean, your credit score may have taken...
What is reaffirmation in Chapter 7 bankruptcy?
A Chapter 7 bankruptcy may give Maryland residents a release, or discharge, from the obligation to pay most debts. There are circumstances, however, in which you may choose to enter into an agreement to reaffirm your debt in a Chapter 7 proceeding. A reaffirmation...
How can you avoid falling back into debt?
For Maryland residents with credit card debt, it is important to figure out how to avoid future debt. After all, getting out of debt does not help if you fall back into it again soon after. Today we will look at some of the ways you can keep from falling into old...
How should I ask my lender for a home loan modification?
If you are falling behind or fear you will fall behind on your mortgage payments, you may want to consider a home loan modification. This is where your lender changes the terms of your existing loan in some way that makes it easier for you to pay your payments. It can...
The dangers of falling behind on Chapter 13 bankruptcy
When people in Maryland fall behind on their bills and become overwhelmed by debt, a Chapter 13 bankruptcy begins to look like an attractive option. One of the most appealing aspects of this is that people generally get to keep their assets. Instead of having them...
Myths about bankruptcy and divorce
For many married couples, finances are a huge area of disagreement. Especially around the holidays, differences in spending and saving habits may rise to the surface, causing this season of giving to become a season of tension. Thousands of people like you ultimately...