How Social Media Has Changed Debt Collection In the past decade, technology has drastically changed how people manage their finances and interact with financial services. With the advent of social media and sites such as Instagram, Facebook and Tik Tok playing a more...
Bankruptcy Filing
Debts that may remain after a bankruptcy procedure
Though filing for bankruptcy can be the ultimate recourse for some individuals who have been left with overwhelming debts, people should understand that in some instances there are debts that may still remain that debtors need to settle. Below are the following debts...
Things Alabama homeowners should know about foreclosure process
Homeowners should know how the foreclosure process works in Alabama for them to better avoid getting in trouble with lenders once they have started to be considered delinquent.In Alabama, foreclosure is primarily done outside the court (non-judicial) but does often...
Millions may benefit from Trump’s student loan plan proposal
A December 14 article of Forbes revealed millions of people struggling to repay their student loan debts are expected to benefit from the proposal of president-elect Donald Trump.A month before the presidential election, Trump said in Ohio that student loan debts...
Financial relief available for unemployed individuals
It is truly a frustrating situation for any person to have overwhelming debts, and it can be even more worrisome if a person just lost his or her job. Unemployed individuals and those who are underemployed with overwhelming debts should know there is a bankruptcy...
Tori Spelling sued for failing to settle debt
A lawsuit was recently filed against American actress Tori Spelling due to allegations that she failed to settle her overwhelming credit card debt, an October 4 article of Toronto Sun reported.Reports revealed that American Express filed a lawsuit against...
US foreclosure inventory has significantly decreased since 2007
A September 13 article released by CoreLogic revealed the foreclosure inventory rate in the U.S. significantly fell in July compared to the same month in previous years, an article of the National Mortgage News stated. According to reports, the foreclosure...
Why consider filing for Chapter 13 Bankruptcy?
Those who can no longer manage their debts may want to consider filing for Chapter 13 Bankruptcy. Also referred to as a “wage earner’s plan”, chapter 13 bankruptcy is a solution that gives an individual the capacity to create a plan to pay back all or a portion...
What should foreclosure victims do to buy another home?
Individuals should know that there are steps they can take to buy a home after completing a foreclosure procedure. Buying a home should be an option families consider because continually renting a home can become expensive and mortgage rates are becoming affordable...
Homeownership rate in the US declines
A July 28 report of Bloomberg revealed that this year’s homeownership rate is the lowest in decades. In the recent data released by the U.S. Census Bureau, the nationwide homeownership rate was 63.5 percent in the first quarter, and it fell to 62.9 percent...