Debt Management, Relief & Consolidation

Bankruptcy trustees and lawyers are specially trained in order to be good at what they do, which means they’ll probably use terms and phrases you might not be familiar with. If you need to file for bankruptcy, your trustee or lawyer will probably use a few of these terms when they speak to you. Here’s what some of their jargon means: Automatic stay – This legally stops any lawsuits, foreclosures, garnishments, and collections from your creditors as soon as the bankruptcy is filed. An automatic stay can be lifted with a motion from your creditors, but that doesn’t usually happen. Bankruptcy estate – The“estate”refers to all of your legal or equitable interests in property. Even if you don’t own the property, if you have legal or financial

“Money is a terrible master but an excellent servant.” –P.T. Barnum Does money seem to have a hold on you? Do you feel defeated and stuck in your less-than-ideal financial situation? You’re not alone. Many people view money as the top dog, the ultimate enemy with an unrelenting ability to ruin just about every aspect of life. There are five simple words to deal with this mind-set: control is in your hands. Some things are easier said than done, but when it comes to money, control really does start with your day-to-day decisions. Not only are there smarter ways to save, there are smarter ways to think about money. Here are some of the best tips to start thinking about

When financial burdens come your way, it’s easy to become overwhelmed and think that there is no way out. Don’t let yourself get trapped in discouraging thoughts though. Instead, follow these five easy ways to save money and make payments. 1. Switch Your Bank If your bank has pummeled you with an onslaught of overdraft fees, banking fees, or checking fees, it could be time to find a new bank. Banks are not a one-size-fits-all business. You should find a bank that will offer you the best possible interest rate for what you are able to save and charges smaller or no fees for using their services. 2. Ask for a Cred Card Rate Reduction For most people, overuse of credit cards can greatly contribute to

Large amounts of debt can be overwhelming, particularly if you don’t know where to begin to pay it off. Before you decide how you are going to manage your debt, make sure you have the priorities straight and know which bills you need to pay first. Budget the Necessities When deciding on a budget and how much you can put toward paying on your loans, first think about paying for the necessities. Use the appropriate amount of money for groceries and medical expenses. Then put money toward your rent or mortgage payment. After you have paid these expenses, pay your utility bills so you don’t have to worry about going without water or electricity. Remember that you need to take care of yourself and your family, first

What with car payments, mortgages, student loans, and an overabundance of credit cards, virtually everyone has debt. While some debt is certainly manageable on your own, some can be completely overwhelming. How do you know when you can handle your debts on your own and when should you seek professional help? How Do You Feel? Seeing professional help comes at different times for everyone. There is no hard line, no dollar amount that tips you over the edge. Some people can handle more debt than others without feeling anxious or stressed. As a general rule, you should consider seeking help when your monthly debt payments exceed 20{7dabfd103aa443fce219eea47f0f346a11a54ce587a1a0cbb74f06b9f7a304ca} of your income (excluding mortgage). However, you don’t have to wait until you reach that “20{7dabfd103aa443fce219eea47f0f346a11a54ce587a1a0cbb74f06b9f7a304ca}” ceiling to