Divorce proceedings will likely have you questioning many different things. Many couples are under the impression that debt incurred by one person is that person’s responsibility to pay off. Unfortunately, marriage (and divorce) changes this. Debt can complicate an already complicated situation. If you are considering divorce in Alabama, you may be wondering who is … Continue reading Who is Responsible For Credit Card Debt in Divorce?
Terms like credit utilization ratio and debt to income ratio may sound fancy, but all these ratios really do is give lenders an idea of how much debt you have on a monthly basis. Lenders generally look at these ratios to determine whether or not you’re a reliable borrower and whether or not you can … Continue reading What is a Good Debt to Income Ratio for a Mortgage?
Maybe you’re drowning in debt from medical bills and maxed out credit cards and now you’re experiencing debt collectors calling you at work. This may raise the question: can a debt collector call you at work? The short answer is yes, but only if you allow the debt collector to do so. The Fair Debt … Continue reading Can a Debt Collector Call You At Work?
Managing personal finances and building credit is incredibly overwhelming, especially if you’re doing it for the first time. Debit and credit cards are crucial tools for making purchases and managing money. But what’s the difference between the two payment methods? Which one is good for building credit? And which one has the best fraud protection? … Continue reading Debit Card vs. Credit Card
In this economy, many of us are in the same boat: tiny paychecks and big expenses. Unexpected emergencies – such as medical crises, broken appliances, home or car damage, etc. – can make this situation so much worse. As a result, many Americans find themselves living paycheck to paycheck with lots of debt and poor … Continue reading How to Get Out of Debt With No Money and Bad Credit
Credit card churning is basically cheating the credit system. Through this strategy, you can potentially get credit card rewards like miles, points, and cash back. In a perfect world, free money has absolutely no downsides. But unfortunately, we live in an imperfect world where things like credit card churning can get you into major financial … Continue reading What is Credit Card Churning?
Paying rent is, unfortunately, a part of life. Finding apartments that accept bankruptcies can be difficult, especially as you’re trying to rebuild your credit. This task is not impossible, but it may feel that way at times. This can feel like a daunting task for people who are unfamiliar with how bankruptcy affects credit and … Continue reading How to Find Apartments That Accept Bankruptcies
Credit cards are the most common example of revolving debt. As a child or teen, credit cards seem like a source of free money with absolutely no strings attached. This can’t be further from the truth. If you’re constantly living outside your means and charging your card, you’ll very quickly find yourself in a dire … Continue reading How Much Credit Card Debt is Too Much?
If you’re drowning in credit card debt, debt from medical bills, or if you have any other unsecured debts, then filing bankruptcy can help relieve some of the stress. However, if you’re also living on a fixed income that’s funded from Social Security benefits, you may be thinking about Chapter 7 and social security income. … Continue reading Chapter 7 and Social Security Income
Financial management is a life skill that can’t be overstated. Poor financial management mixed with unexpected tragedies can leave you with a mountain of debt that keeps piling up. In this blog, we’ll talk about some common mistakes that can lead to bankruptcy and how to avoid them. We’ll also talk about how filing for … Continue reading Mistakes That Can Lead to Bankruptcy