A lot of people considering bankruptcy believe it’s a financial option that is always available to them and all it takes is some quick paperwork to make it happen. In reality, bankruptcy is a very strict process which only a few who meet certain financial and life...
In May of 2021, the United States Courts published an article stating that bankruptcies filed in March 2021 totaled 473,349 compared to 764,282 from the previous year. However, some believe this could be because the courts shut down in-person proceedings. Another...
Many Americans are in debt. In the second quarter of 2021, consumer debt in America reached a new high, totaling $14.96 trillion dollars.1 The average debt balance for individual consumers in America reached almost $93,000 in 2020.2 This debt balance included...
Chances are, you’ve never said the word “bankruptcy” to anyone outside your immediate household. In fact, there’s a good chance you’ve avoided that word within the walls of your own home. While shame surrounding financial mistakes or mishaps is understandable, forging...
When you are having trouble paying your bills, the last thing you need is for a credit counseling agency to add to your problems by taking your money and not providing the services you expected. It’s important to your wallet and your financial future to take the...
Your credit report and the resulting credit score are used by lenders for everything from determining home and car loans rates to determining insurance premiums, securing a new job or renting an apartment. Your credit report and credit score are an important financial...
