Reaffirmation Or Redemption Due to Bankruptcy And The #1 Important Choice To Make
If you are going to file for bankruptcy, you are likely to be looking for ways to keep the property you own. This is where reaffirmation or redemption comes into play. So which is the right one for you? For example, if you own a business, you cannot redeem the property in your bankruptcy case. […]
Chapter 13 Bankruptcy: Important To Know If You Are Eligible?
If you have an overwhelming amount of debts, you may need to file for Chapter 13 bankruptcy. This type of bankruptcy is specifically designed to help people get back on their feet when they’re faced with massive financial problems. It can give them the time they need to work out their financial issues and create […]
Chapter 7 Bankruptcy – Bad For Your Credit But It Can Release Your Debt
Chapter 7 Bankruptcy is one of the most common types of bankruptcy filings in the United States. It is also known as liquidation, and it involves a restructuring of your debts. This can be good or bad for your credit, but it is important to know what to expect. Discharge of debt Chapter 7 bankruptcy […]
Do I Receive a Discharge in Chapter 11 Bankruptcy? How to be Confident in Knowing!
Depending on your circumstances, you may be able to file for Chapter 11 Bankruptcy. This process will allow you to reorganize your finances under the laws of the United States. It can also allow you to extend your exclusivity period for up to 18 months. Discharge Whether or not you receive a discharge in Chapter […]
Business Credit vs Personal Credit Which One is #1? Is One More Important Than The Other?
Business Credit Vs Personal Credit Whenever you apply for a new loan or line of credit, the lender will want to see a full credit report from both your personal and business credit history. This is because it will help them determine whether they can give you the loan and how much you can borrow. […]
What is a Line of Credit? 4 Great Uses
What is a Line of Credit? Whether you’re looking to build up a credit history, or you need a line of credit to make home improvements, there are several things you should know. You may not know it, but a line of credit can be an easy way to pay off high-interest debt, or to […]
Fair Debt Collection Practices Act And The Strong Protections It Provides
Often called the FDCPA, the Fair Debt Collection Practices Act is part of the Consumer Credit Protection Act. It applies to any business that collects debts for a fee, and aims to prevent unfair practices. Those practices include: Attempting or threatening to enforce a right or remedy that does not exist; False representation or implication […]
How to Easily Dispute Errors on Your 3 Credit Reports
Among the many things you can do to protect your personal information is to review your credit report for accuracy. If there are errors on your report, you can dispute them. You can also file a lawsuit if you are wrongly denied a loan. Protect your identity from identity theft Having your identity stolen can […]
How to File a Claim Against Your Creditor Under the Fair Credit Billing Act
Currently, the Fair Credit Billing Act is a federal law that is designed to protect consumers from unfair billing practices. There are a few ways you can file a claim against your creditor if you believe they have been violating the Fair Credit Billing Act. You can file a chargeback for unauthorized charges, or you […]
5 Important Exceptions to the Equal Credit Opportunity Act and the Home Mortgage Disclosure Act
During the past several years, the Equal Credit Opportunity Act (ECOA) has received a lot of attention from the legal community. It’s become a popular topic for many lawyers because of its broad coverage and many provisions that are aimed at eliminating discrimination. But it’s also been criticized for its inconsistency with state laws, its […]