Navigating the Complicated World of Bankruptcy

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Live To Use Credit Again

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Dark days can seem never-ending when your finances are in trouble, but a decision to file for bankruptcy is your first step towards sunshine. Not only will you find some immediate relief, you will have one of those rare “do-overs” where you can review and makes changes for the better. Read on to learn a bit more about recovering after a chapter 7 bankruptcy filing. How did you get into such a mess?…

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4 Important Factors To Take Into Account Before You Pay Back A Business Debt Early

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If you’re in the process of paying a business loan off, you may be wondering if paying the debt back early is going to be to your advantage. There are a variety of different factors you need to consider before paying off a business loan early. Below are four things you need to think about to determine if it’s in your best interests to pay your loan off early rather than follow the pre-established repayment schedule:…

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Understanding Your Debt-To-Income Ratio And Its Effect On Bankruptcy

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Just about everyone has debt, and those with a high debt amount may think that their only choice is bankruptcy. But it may be possible to manage this situation if your debt-to-income ratio is at a reasonable level. Understanding your debt-to-income ratio and its effect is crucial for managing your financial health. The Nature Of Debt-To-Income Ratios Debt-to-income ratios indicate how much of your monthly income goes to your debt payments.…

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Two Things You Can Do When You Fall Behind On Credit Card Payments

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People think they’ll never fall behind on their debt payments until the day they do. Although getting caught up on past due payments can feel like an impossible task, it is possible to get your finances back on track. Here are two options you can take advantage of to help you resolve your past due balances and start fixing your credit: Ask About a Forbearance Program Creditors don’t like it when people fall behind on their debt payments.…

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Easier Than You Think: Your Bankruptcy Appearance

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Just the act of a bankruptcy filing can make some people feel embarrassed, but that might pale in comparison to the thought of making an appearance in public before a bankruptcy judge. You already feel a bit sheepish about your financial situation, and you know that taking responsibility for your situation is important. Fortunately, this dreaded appearance in bankruptcy court is usually nothing to be worried about, so read on to learn more about your chapter 7 federal meeting, known as the creditor’s meeting.…

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