Many people struggle to pay off debt, particularly credit cards with not-so-good interest rates which many rely on to make ends meet. When consumers get behind on payments, creditors may take them to court resulting in a judgement that requires payment of the debt with interest over very long periods of time - judgments that stay on credit history reports until they are paid in full. A new law offers help to low income consumers who are taken to court over unpaid bills in Illinois. Beginning … [Read more...]
Archives for July 2019
Bankruptcy Protection When Retirement Comes Too Early
Many older Americans are willing (or have to) stay in the workforce longer to ensure their retirement security. Working longer allows seniors to delay taking social security benefits, increasing monthly benefit amounts. Continuing to earn income can also be used to pay down debt while socking away extra savings for retirement. But counting on working longer to make a retirement plan work can be risky. While roughly a third of Americana expect to retire between the ages of 65 and 69 and … [Read more...]