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How Does Credit Counseling Work and Is It Right for You?

Credit Corp

Credit counselors are trained professionals who help individuals and families work to get a handle on their debt so they can lay a stronger financial foundation for the future. How does credit counseling work? It’s also important to do your research to make sure you are working with a legitimate, certified credit counselor.

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10 Common Questions About Bankruptcy

Debt Free Colorado

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. The decision to file for bankruptcy is a significant one, and we are here to assist you in determining whether bankruptcy is the best course of action for your circumstances. Do bankruptcies come in different types?

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Debtor Education Course After Filing for Bankruptcy

Sawin & Shea

Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy.

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Dos & Don’ts of a Payment Plan

The Kaplan Group

If you or someone you know is struggling with their personal financial situation, we recently published blogs for dealing with collection agencies and lower credit card limits. Your creditors do not want you to go out of business or declare bankruptcy. You might receive calls from only one company or collection agency.

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You’re in Debt: 9 Terms to Know

The Kaplan Group

FDCPA ( Fair Debt Collection Practices Act). The Fair Debt Collection Practices Act (FDCPA) is a federal law that restricts the behavior of collection agencies when they are attempting to collect money from individuals. The law does not apply to collecting from businesses. Interest and Collection Costs.

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Determining Your Debt-to-Income Ratio

Debt Guru

It does include things like credit card payments, auto loans, medical bills, personal and payday loans, and any other collections you’re being assessed. your high-interest credit card balances one at a time using “snowball” or “avalanche” tactics. Keep in mind that your ratio typically excludes mortgage and student loans.

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Need Debt Relief? Here Are Your Options

Debt Guru

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. Bankruptcy. You must speak to a bankruptcy attorney to find out whether or not you qualify for this type of debt relief. Debt Settlement.