Collection Industry News
DECEMBER 13, 2023
Seattle-area construction foreman Robert Boyer learned the hard way. Boyer, 51, has a previous bankruptcy years ago, and is careful not to run up credit card debt. He has a balance of more than $4,000 from 18 different Affirm buy now, pay later loans on Amazon.com (AMZN.O)
Sawin & Shea
MARCH 27, 2024
This form of bankruptcy differs from Chapter 13, which involves the evaluation of your current income to construct a three-to-five-year debt reorganization plan. After completing your required courses and undergoing the liquidation process, you’ll be able to discharge certain debts.
Credit Corp
JULY 1, 2024
Proportional Budgets for Would-Be Homeowners If you plan to buy a home, your monthly debt payments should not exceed 43% of gross (pretax) monthly income. In calculating this debt-to-income ratio, you include car loans, student loans, credit card debt, and the anticipated monthly mortgage payment in debt.
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