Author: Chris

Student loan debt is one of the largest growing debts in America. Most students come out of college and/or graduate school with insurmountable amounts of debt. Unfortunately it is necessary for most students to rely on student loans to pay tuition and cover other expenses related to their education, but upon graduation it is difficult to find a job that pays enough to repay educational loans....

Bankruptcy is a scary word to a lot of people, and the idea of actually filing a case is even scarier. But bankruptcy is a very real way to get out of debt and to stay out of debt. This is important if you are drowning in credit card bills, have a lot of medical expenses, or have had to rely on signature loans just to get by each month. When you file a bankruptcy case you can eliminate or at...

Mortgage modifications are a tricky thing to get done. There is a fine line you walk between financial hardship and being able to make the payments on a modified loan. This is why the banks typically require proof of hardship as well as proof of stable income. Most people are able to provide the information needed to show a financial hardship, and the need to change the payment terms of their...

Any time you engage in activity designed to help put you in a better financial position, it is always a good idea to have a basic understanding of the benefits available to you. With bankruptcy you will receive the benefits of eliminating or reducing debt, stopping a foreclosure or repossession, and putting and to garnishments and calls from angry creditors. A refinance of your home will let...

Financial hardship comes in many forms. Not everyone who is going through a tough financial time is there for the same reasons. But there are some common denominators, and any of them can lead to a fast financial downfall. When that happens the best thing to do is to take quick action to change the course of your finances, so you are able to keep up with bills without worry. A good way to...

Being able to retire comfortably takes a lot of stress and anxiety of a person. But not having enough money to live on, or having to go back to work at an older age are even more stressful. For these reasons, it is critical to adequately plan for retirement, and this means taking steps to ensure you have enough money in the bank to cover expenses for the remaining years of your life. This is...

Sometimes it is necessary to have a friend or family member co-sign a loan for you when you need extra cash, or need to finance a large purchase like a car. A co-signer is just as financially responsible for repayment of the debt as the original obligor, and the bank will look to that person for payment if the loan becomes delinquent. If you have taken out any loans with the use of a...

Making the decision to file for bankruptcy is a difficult one, and it is made all the more hard when you realize you have to determine what type of case you are eligible to file. The two types of bankruptcy available to individual and joint consumer debtors are Chapter 7 and Chapter 13. In a Chapter 7 case you are able to discharge all of your unsecured debt. Unsecured debt is debt that is...

After working a lifetime, it is nice to retire with financial security. For many, part of their retirement is social security payments from the government, so keeping these funds safe is of paramount importance. If you are receiving social security payments, but experiencing financial difficulty, you may be wondering types of actions put your social security payments at risk. Specifically,...

If you have equity in your house then you have options available to you to get out of debt that those without equity lack. Equity in your home can be drawn on to pay down debt, or to pay it off in full. In order to get at the equity though, you do have to ask the lender to make it available. The first step in this process is to have an appraisal done so you know exactly how much your home is...