Sometimes making a big payment at once isn’t feasible for everyone. But thanks to the rise of Buy Now, Pay Later plans, you can order what you want and pay it off over time. Also known as BNPL, these plans have rocketed into a $100 billion industry, partnering with major retailers and allowing you to …
What is Buy Now Pay Later? Know the Benefits and Risks 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 …
If you’re in debt and can’t pay it back, obtain a loan, or don’t have anyone to borrow from, it may be time to file bankruptcy. While it may sound like the obvious solution, there are many pros and cons of filing bankruptcy to consider before you make your decision. It’s important that you know …
Pros and Cons of Filing Bankruptcy: What You Need to Know Read More »
Do you have severe debt problems? Are you underwater with credit card debt, have an untenable mortgage, unpaid medical bills, outstanding personal loans, and other unsecured debt, or have your wages garnished? According to statistics released by the Administrative Office of the U.S. Courts, the September 2021 annual bankruptcy filings totaled 434,540. Filing for bankruptcy …
Types of Bankruptcy Explained: Which is Right for You? Read More »
Many people think that bankruptcy is the final step to financial ruin. And, one has no choice when you cannot pay all your debt. Chapter 13 can be a soft landing for those with income but have fallen behind on some payments. According to USCourts.gov, 223,270 Chapter 13 consumer cases were closed in 2020. The …
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Are you feeling frustrated by sleepless nights due to a failing business and don’t know what to do? According to statistics published in 2019 by the Small Business Administration (SBA), about 20% of business startups fail in the first year. Nearly half succumb to business failure within five years. By year 10, only about 33% …
What is Chapter 11 Bankruptcy? What You Need to Know Read More »
Do you have unmanageable bills? Have things gotten to the point that they are out of control, and you are going from paying bills on time and having a rainy-day fund to now teetering on the edge of bankruptcy? It can happen to anyone. Did you know that 20% of bankruptcy filers have college degrees? …
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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 …