If you are dealing with a debt collector, you likely have a number of hardships to work through. Aside from struggling with intense levels of anxiety and uncertainty, some people face hardships because debt collectors violate their legal rights. If you have...
Year: 2021
What are some common reasons for credit card debt?
Many Americans deal with the stress that often comes with large amounts of debt and, in some cases, acquiring too much credit card debt, in particular, may make it difficult for individuals to secure loans for homes or vehicles because of how debt impacts their credit...
What is debt collector misrepresentation?
When dealing with debt, the last thing you want on top of this already profound stress is the pestering of debt collectors. While debt collector harassment often gets a lot of press, that is not only wrong they can do. Debt collector misrepresentation is another big...
How to handle credit card debt as a recent graduate
As a recent graduate, you are likely trying to manage your money and debt as you leave your college days behind and go into your new career. When you plan your budget including your new income and expenses, you will need to account for any credit card debt you carry. ...
How long may it take to pay debts through a Chapter 13 plan?
Chapter 13 bankruptcy is available for filers who earn regular income. As noted by the Administrative Office of the U.S. Courts, if you qualify, a Maryland bankruptcy court may work with you to create a payment plan that typically lasts between three and five years....
Will I lose my home to Chapter 7?
It is well known that there are two kinds of personal bankruptcy in the United States: Chapter 7 and Chapter 13. However, it is not necessarily a choice which one that you will file. It is your income that determines whether you file a Chapter 7 or a Chapter 13. In...
What is a debt management plan?
If credit card debt is overwhelming you, there are a plethora of avenues for you to get out of your predicament. One such way is with a debt management plan. While the term “debt management plan” may sound very non-specific, it is a specific debt payoff tool that...
What is a secured credit card?
Rebuilding your credit is a key goal in the aftermath of any kind of bankruptcy. Particularly if you struggled with credit card debt prior to bankruptcy, it might surprise you to learn that credit cards can help you rebuild your credit. Secured credit cards are a...
5 signs it might be time to consider bankruptcy
While living with a certain amount of debt has become something of an expectation for many Americans, if that debt grows out of control an unstable financial future might be right around the corner. With credit cards, medical debt, mortgages, vehicle loans and...
Chapter 7 vs Chapter 13 bankruptcy: which one might be best for you?
As we have discussed before in this blog, the main options for personal bankruptcy protection for people in Maryland are called Chapter 7 bankruptcy and Chapter 13 bankruptcy. Both forms of bankruptcy have the same goal of getting you out of debt and giving you and...