Bankruptcy can make sense depending on your debt load, financial commitments, and whether you have tried other debt relief options. Filing for bankruptcy does not mean you are a failure; in fact, it might even help you start over financially. Bankruptcy prevents wage garnishments, litigation, and collection calls. Contrary to popular belief, bankruptcy can actually … Read more
A debt management plan lowers your interest rate, sets up a three- to five-year payback schedule, and consolidates many credit card obligations into a single payment. If you’re having trouble paying your credit card bills every month, a debt management plan from a nonprofit credit counseling agency might be the help you need. A debt … Read more
Debt Relief If you’re struggling to make progress despite your best efforts, it may be time to explore relief options and regain financial control. Debt relief options can help you pay off your debt or make it easier to repay, such as negotiating directly with creditors, enrolling in a debt management plan, or declaring bankruptcy. … Read more
