Every week, I sit down with clients who are afraid to file bankruptcy—not because they think it won’t help, but because they believe it will destroy their credit forever. Let’s clear this up: for most people I meet, their credit is already damaged, often beyond repair unless something changes. And until the debt is dealt […]
Will Bankruptcy Ruin My Credit Forever? The Truth Most People Don’t Know Read More »
Credit card debt can be eliminated over time by managing your money, controlling your spending and consulting with a credit counselor among other tactics. Nobody wants to be in credit card debt but luckily there are many options available to help you get out of debt. The Fair Credit Act allows you to see what
How to Eliminate your Credit Card Debt? Read More »
Yes, you can freeze your credit while you are in an active Chapter 13 bankruptcy. There is nothing in the bankruptcy code that would prohibit freezing your own credit. This past week, we have received many calls from concerned clients asking this question in light of the recent Equifax data breach. The Atlanta based Equifax
Can you freeze your credit while in an active Chapter 13 Bankruptcy? Read More »
Chapter 13 and Chapter 7 bankruptcy are great tools for lightening a person’s debt load. With both chapter 13 and Chapter 7, you can eliminate medical debt, credit card debt, and other types of unsecured debt. Shrinking your debt can be critical to your financial and emotional health. If the load gets too heavy, something
Bankruptcy Can Help Lighten The Load Read More »
The reason the credit card scam letter you received in the mail sounds too good to be true is because it is too good to be true. The letter falsely states that is is a “Balance Reduction Notification.” The truth is there is no government funded program that will pay for your credit card debt.
Credit Card Scam – Sounds Too Good To Be True? Read More »
In Georgia, a wife cannot be held liable for a husband’s credit cards if she has never signed a contract with the credit card company. This question usually comes up after the husband dies and the wife finds out that the credit cards were never paid. When the bill collectors start calling, people usually panic. It
Credit Card Debt – Can I Be Held Liable for My Husband’s Credit Cards in Georgia? Read More »
I recently spoke with a client who was the victim of Debt Management Company Scare Tactics. After I met with this client and confirmed that the qualifies for Chapter 7, he went home and called his Debt Management Company and asked that they stop deducting money from his checking account because he was filing bankruptcy.
Debt Management Company Scare Tactics About Bankruptcy Read More »
Taking a second mortgage out on your house to pay off credit card debt is a bad idea in most cases. In the event you need to file bankruptcy, credit card debt can be wiped out if necessary. Even in a Chapter 13 plan where you are paying back all of your debt, the interest rate
Second Mortgage On My House To Pay Off My Credit Cards? Read More »
Borrowing against your 401k is a terrible idea. With Georgia Bankruptcy Exemptions, your 401k most likely will be 100 percent protected from your creditors. One of the most common mistakes I see people make is that they will borrow against their 401K to pay off credit card debt or medical debt. Within a short period of time, they realize
Borrow Against My 401K To Pay Off My Credit Card Debt or Medical Debt? Read More »