Category Archives: Debt
Find information on how to deal with various types of debt. This category can cover many debt examples such as credit cards, pay day loans, student loans, mortgages, automotive loans, and others.
What Happens to Your Loan Mod Application If a Bank Sells Your Mortgage?
Written on , by BLP
A mortgage company which is the owner of your loan can sell your loan to another bank that could have a completely different mortgage service managing the loan. If you happen to have a loan modification in process while the bank has transferred ownership of your loan, you may need to start the application all Continue Reading
Bankruptcy Can Eliminate Consumer Debt
Written on , by BLP
Are you a victim of our consumerist society? Did all of the seasonal sales and holiday vacations get your finances in a bind that you were not expecting? Did the credit card special offers pile up into a large sum of debt with minimum payments you cannot afford? These are all common scenarios in building Continue Reading
Secured or Unsecured Debt
Written on , by BLP
There are a few different categories of debt that people normal consumers deal with on a daily basis. In the world of credit and loans, we see many different names for loan products like payday loans, cash advance loans, interest-only mortgage, sub-prime mortgage, hard money loans, casino markers, student loans, and countless others. All of Continue Reading
A Charge Off Is a Bad Thing For Your Credit
Written on , by BLP
If you are late on paying a debt payment for over 90 days, you may see a label on your debt as “charged off”. This type of “charge off” label on a debt is not a positive mark. Many people falsely believe that a charge off means the debt has been charged off of your Continue Reading
Where Can You Find Info on Student Loan Forgiveness?
Written on , by BLP
Student loan debt is a hot topic in the US today because most students will graduate with student loan debt looming over them and student loan debt in the US is at an all-time high. So, where is the best place to start when you are looking for student loan debt forgiveness? Start with your Continue Reading
Will Bankruptcy Discharge Your Mortgage?
Written on , by BLP
Clients call in about many different types of debt, but one type of debt that is usually the most important to our clients is their mortgage debt. Mortgage debt is usually the largest debt amount for most home owners. Filing for bankruptcy does not always mean that you will lose your home and wipe out Continue Reading
Is It Ok to Ignore Your Collection Calls?
Written on , by BLP
If you have past due debt, you may be getting collection calls from the company you owe the debt to or from a collections agent that is working for the creditor. The creditor may also sell the debt to another collections company that has more time to focus on collecting a debt. You may be Continue Reading
Do I have Too Little Debt to File Bankruptcy?
Written on , by BLP
How Much Debt Do You Need to File Bankruptcy? A Chapter 7 bankruptcy is the most common type of consumer bankruptcy to get rid of debt that you cannot afford to keep. Whether it is debt from medical treatment, credit card purchases, pay day loans, or left over debt from a repossession, a Chapter 7 Continue Reading
Got an Expensive Car or Bike You No Longer Want to Pay For?
Written on , by BLP
Do you have a car or motorcycle that you bought a while back that you are not too excited about anymore? Are you behind on the huge payments and don’t know what to do? Bankruptcy can relieve you of the vehicle without any liability to follow. Here’s how it works. If you file a Chapter Continue Reading
Bankruptcy for Your Small Business Non-Consumer Debt
Written on , by BLP
Do you have overdue small business debt? Those of you with small businesses may be dealing with some debt as a result of the recession. The recession was tough on small business, but bankruptcy is a federal process that can also help you with your small business debt. Most small business loans are backed by Continue Reading