What happens if you declare bankruptcy depends on a few things, such as the bankruptcy type. Before filing, it’s important to understand the process, what happens next, and what other debt-relief options exist. After all, bankruptcy can be an effective way to get a handle on debt, but it also has long-term repercussions and isn’t …
What Happens If I Declare Bankruptcy? Know the Next Steps Read More »
Filing for bankruptcy is expensive what with the credit counseling course fees, court filing fees and, typically, attorney fees. Fortunately, even though there’s no real way to file for free, there are ways to keep costs low. And, if you’re in a financial pinch, this can help you get back on track without falling further …
Cheap Ways to File Bankruptcy: How to Keep Your Costs Low Read More »
Bankruptcy is a last resort, and for good reason. The person who files can end up losing their assets and destroy their credit score for years to come. But it can also wipe the slate clean and help those who need it get back on their feet financially. It’s possible to file bankruptcy and still …
In the news: Student loans Federal student loan repayment freeze extended Last month, President Biden extended the federal student loan repayment freeze until August 31, 2022. This makes it the fourth extension since he came into office and the seventh overall since the start of the COVID-19 pandemic in March 2020. The point of the …
DebtHammer Newsletter #5: The Tools You Need to Become Debt-Free Read More »
If you’re looking for ways to eliminate expenses, reduce debt, build savings or an emergency fund, you’re in luck. There are dozens of effective ways to do just that, many of which you can start right now. From cutting back on utilities and swapping insurance providers to finding inexpensive entertainment options, here are the 37 …
When waiting isn’t an option and you need to purchase something right now, a buy now, pay later plan could be a good alternative to a credit card. These plans are easy to qualify for and generally more affordable than other financing options. But, as with any form of financing, buy now, pay later has …
Buy Now, Pay Later: What Is It + 9 Best Known BNPL Companies Read More »
DebtHammer’s newsletter breaks down the key financial developments that you need to know. 70% of medical debt in collections to drop from credit reports If you haven’t already heard, the three major credit reporting agencies – Experian, Equifax, and TransUnion – have recently joined efforts to change their policy on medical collections debt reporting. Starting …
DebtHammer Newsletter #4: The Tools You Need to Become Debt-Free Read More »
Many people who turn to payday loans take out multiple rather than one. This leads to a vicious debt cycle that can take months or even years to end. If you’re struggling with multiple payday loans, here are the most effective ways to pay them off quickly. How to pay off multiple payday lenders and …
Feeling Trapped? Here’s How to Pay Off Multiple Payday Loans Read More »
Disclaimer: DebtHammer may be affiliated with some of the companies mentioned in this article. DebtHammer may make money from advertisements or when you contact a company through our platform. A good credit score matters because it can directly affect your ability to qualify for things like loans, apartment rentals and even certain jobs. With good …
Millions of people are behind on their bills. In fact, 16% of American adults didn’t have enough money to pay their bills in full as of November 2020. While the high number of layoffs due to the COVID-19 pandemic hasn’t helped, many people struggled to pay their bills even before that. Unfortunately, there are some …
Need Help Now? How to Get Free Money — and Other Assistance Read More »