One reason people decide to file a chapter 7 bankruptcy is to liquify their debt so that they can get a fresh start. A bankruptcy discharge is a court order which states that you do not have to pay most of your debts. However, there are some debts which cannot be discharged. For example you cannot discharge most taxes, child support or spousal maintenance, most student loans, court fines and restitution, and a personal injury judgement when it involves drunk driving or other … [Read more...]
Alternatives to Payday Loans Available
After the Consumer Financial Protections Bureau proposed a new rule imposing stricter requirements for pay day and car title loans, many who are strapped for cash wonder where to turn. Apparently, following a review of the credit market available to households with lower credit scores, alternatives are out there and they may help break the cycle of financial devastation caused by borrowers depending on a string of high-cost payday loans to get by. Here is a list of options to consider: … [Read more...]