Financial Tips

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8 Tips for Fixing Your Credit Rating Following Bankruptcy – Part 1

2018-05-25T15:40:54+00:00

So, upon the advice of your legal advisors, family, or friends, you wiped the slate clean and filed bankruptcy. Now, you are wondering what to do next after the dust has settled on your financial life. Maybe you’re young and you made some mistakes, or you made some bad business decision, but now you plan to come back stronger than ever. There good news – you can put a bankruptcy behind you. You can even heal your aching credit score, so that someday you’ll be able to buy the house you always wanted or expand your business with a loan. Fixing [...]

8 Tips for Fixing Your Credit Rating Following Bankruptcy – Part 1 2018-05-25T15:40:54+00:00

5 Options You Have When You Can’t Pay Your Bills

2018-02-15T17:10:59+00:00

Are you struggling to pay all of your monthly bills? Is your debt starting to snowball because you simply can’t keep up with your bill payments? If so, there may be various options for addressing the outstanding debt before it gets out of control – and before creditors start moving forward to garnish wages, repossess your assets and/or sue you. What You Can Do When You Can’t Pay Your Bills Cut back and try to free up some more funds – Take a close look at how you spend money on a monthly basis to see if there are any [...]

5 Options You Have When You Can’t Pay Your Bills 2018-02-15T17:10:59+00:00

6 Money Mistakes that Can Lead to Bankruptcy

2018-02-15T17:12:10+00:00

Serious debt issues can arise when finances are mismanaged. Although there can be a lot of factors that contribute to people’s financial decisions and possibly their debt, however, the following are some of the most common and costly money mistakes that can exacerbate any financial situation – and that may trigger: Rapidly snowballing debt The need to file for bankruptcy in the future in order to get a financial fresh start. Avoid Making these Money Mistakes Being misled by common spending traps – Spending traps refer to offers that may seem like “deals” but that actually incentivize you to spend [...]

6 Money Mistakes that Can Lead to Bankruptcy 2018-02-15T17:12:10+00:00

Your Rights & the FDCPA: When to Report Abusive Debt Collection Practices to the FTC

2018-02-15T17:39:28+00:00

When debt gets out of control and people have problems making their payments on time, creditors and debt collectors will usually reach out to consumers, trying to get them to resume payments. Just how and when this contact is made, however, is governed by the Fair Debt Collection Practices Act (FDCPA), a federal statute that specifically prohibits a number of “abusive” debt collection practices. Knowing your rights under the FDCPA – and what constitutes illegal and abusive debt collection practices – is important to protecting yourself and knowing when to fight back and report the violators to the Federal Trade [...]

Your Rights & the FDCPA: When to Report Abusive Debt Collection Practices to the FTC 2018-02-15T17:39:28+00:00

When Is It Better to Save Money versus Pay Down Debt?

2018-02-15T17:15:13+00:00

Tax season is upon us. And for those who are expecting to receive a refund (or any chunk of money – like an inheritance or bonus, regardless of the season), figuring out whether to use that money to build up a savings account versus pay down (or off) debt can be tricky – especially if they want to take the most advantage of this extra money. If you are contemplating this issue with any significant chunk of money, below are some of the most important factors to consider in order to help you determine whether to save your money or [...]

When Is It Better to Save Money versus Pay Down Debt? 2018-02-15T17:15:13+00:00

4 Essential Facts to Know for the FTC’s National Consumer Protection Week

2018-02-15T17:56:42+00:00

From March 6th through 12th, officials with the Federal Trade Commission (FTC) are sponsoring National Consumer Protection Week (NCPW), a period focused on encouraging “consumers nationwide to take full advantage of their consumer rights and make better-informed decisions.” Backed by dozens of local organizations across the U.S., NCPW is aimed at empowering consumers to protect their rights and their hard-earned money, providing them with the tools and information they may need to fight back against scams, identity theft and other illegal or abusive practices. To support this effort, below, we have pointed out some of the most important facts to [...]

4 Essential Facts to Know for the FTC’s National Consumer Protection Week 2018-02-15T17:56:42+00:00

Why You Shouldn’t Ignore Debt Problems

2018-02-15T18:00:14+00:00

Managing debt is a part of many people’s lives. When that debt gets out of control and starts to become unmanageable, it may be enticing to try to ignore the issue, blindly hoping it will go away or resolve itself. The fact is, however, that debt does not just disappear. And ignoring it or pretending it doesn’t exist can come back to haunt you in a big way. What Happens When Debts Are Ignored The reason that ignoring debt issues can be so problematic is that it can give creditors or debt collectors the opportunity to move forward with more [...]

Why You Shouldn’t Ignore Debt Problems 2018-02-15T18:00:14+00:00

4 Powerful Tips for Rebuilding Credit after Bankruptcy

2018-02-15T18:06:47+00:00

Colorado bankruptcy can be the first step towards resolving serious debt issues. After the bankruptcy process, however, there are additional steps that people may need to take in order to get their finances back on track and to avoid falling back into substantial debt again. And, in many cases, rebuilding credit is one of these steps. For those who are working improving their credit following a Colorado bankruptcy case, here are some powerful tips to keep in mind: Take out a few secured lines of credit – You have to have credit to be able to demonstrate that you can [...]

4 Powerful Tips for Rebuilding Credit after Bankruptcy 2018-02-15T18:06:47+00:00

4 Ways to Avoid Becoming the Victim of Tax Identity Theft

2018-02-15T18:09:48+00:00

Tomorrow is the start of Tax Identity Theft Awareness Week, a national public awareness campaign sponsored by the Federal Trade Commission (FTC). To support this campaign, below, we have pointed out some of the most effective ways that consumers can combat tax identity theft and avoid becoming victims. How Tax Identity Theft Commonly Occur In order to avoid becoming a victim of tax identity theft, it’s first important to understand how this type of identity theft usually occurs. In general, tax identity theft happens when thieves get ahold of someone’s personal information, including their social security number (SSN), and use [...]

4 Ways to Avoid Becoming the Victim of Tax Identity Theft 2018-02-15T18:09:48+00:00

5 Effective Tips for Paying Down Holiday Debt

2018-02-15T18:15:51+00:00

Is holiday debt catching up with you in 2016? Are you facing credit card bills that are way heftier than you expected? If so – and if you are ready to start aggressively paying down this debt, here are some of the effective things you can do: Figure out how much money you have to put towards debt – In other words, determine what your typical bills cost you and how much extra (or disposable) income you have to put towards your debt. As you do this, it can be helpful to also develop a monthly budget for yourself so [...]

5 Effective Tips for Paying Down Holiday Debt 2018-02-15T18:15:51+00:00