According to a recent report from WSAV NBC News in Savannah, the amount of credit card debt among U.S. consumers has now reached approximately $1 trillion. Data from CNBC goes further too also include debt stemming from mortgages, student loans, and vehicle loans, which roughly totals $13.15 trillion. This is the fifth year in a row that household debt has […]
According to data from the American Bankruptcy Institute for 2017, there were approximately 44,407 personal bankruptcies in Georgia. If you recently had your debts discharged in Chapter 7 or completed a payback arrangement under Chapter 13, you may feel a sense of relieve. The challenge is how to manage financially after bankruptcy. Evidence of a bankruptcy will remain on your credit history for seven to ten […]
When collection calls from creditors are keeping you awake at night or making you want to throw your phone against the wall, you need to ask yourself a tough question: can you actually afford to repay your debts? Consumer debt from credit cards, car loans, student loans, home mortgages and IRS debts are at an […]
It is fairly easy to understand what to expect what will happen to your credit score, it will drop and you may feel uncomfortable. The primary factor in that calculation of how big the drop being, how high the credit score was before filing. An excellent credit score will have a larger drop close to […]
Chapter 7 bankruptcy is one of the most common types of bankruptcy and typically, the one most individuals decide to take when they declare bankruptcy. As with all things, there are pros and cons to chapter 7, and knowing what they are can help you make the best-informed decision for your financial situation before you […]
If you are considering bankruptcy, the fear of losing possessions can be enough to make it seem not worthwhile, despite the crushing debt. Most individuals who are considering bankruptcy owe far more than they can pay, with no end in sight. It can become difficult to purchase simple items like food and gas, all while […]
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A Guide to Bankruptcy in Georgia
Helping People Get Out of Debt
