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8 Tips for Fixing Your Credit Rating Following Bankruptcy – Part 2


In Part 1 of this series on tips for fixing your credit rating after a bankruptcy, we talked about the first steps to take to get your financial affairs back in order. Building your credit back up, as we discussed, involved gathering your credit reports, disputing negative comments and errors on your credit reports, and using kindness to your advantage to try and get negative credit report remarks removed, and jumping back into using credit cards. If you’ve taken the initiative and you’ve done the first four steps, chances are your credit score has gone up. Now, let’s take a look [...]

8 Tips for Fixing Your Credit Rating Following Bankruptcy – Part 22018-05-25T15:29:42+00:00

6 Strategies to Avoid/Limit Debt & Save Your Credit


Like it or not, accumulating debt has become an American tradition. Just look at our government, which is about $20 trillion in debt. Individually or jointly (married), we’re not much better, seeing as 80 percent of Americans are reportedly in debt with an average debt burden of $67,900 hanging over our heads, according to a 2015 report by Pew Charitable Trusts report.1 There is a slight bright side to these figures, because 44 percent of those in debt are there because they are carrying a home mortgage, which helps consumers build equity and financial value. Getting ahead and buying a [...]

6 Strategies to Avoid/Limit Debt & Save Your Credit2018-02-15T17:00:14+00:00

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


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 Bills2018-02-15T17:10:59+00:00

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


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 FTC2018-02-15T17:39:28+00:00

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


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

Can I Get Rid of Student Loan Debt via Colorado Bankruptcy?


No, bankruptcy will not eliminate student loan debt. However, you can get rid of a lot of other types of debt via Colorado bankruptcy, and that may free up funds to pay down or to pay off your student loans. Additionally, you may qualify for student loan forgiveness or other options, which could help you pull yourself out of debt and get the financial fresh start you need and deserve. We’ll explain this in more detail below… Debts that Are Dischargeable via Colorado Bankruptcy Although student loan debts are not dischargeable via Colorado bankruptcy cases, debts that can be eliminated [...]

Can I Get Rid of Student Loan Debt via Colorado Bankruptcy?2019-02-19T22:12:55+00:00

Why You Shouldn’t Ignore Debt Problems


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 Problems2018-02-15T18:00:14+00:00

How to Choose the Right Bankruptcy Lawyer for Your Debt Relief Needs


When dealing with serious debt, having the help of an experienced professional – like a seasoned Colorado bankruptcy attorney – can make a big difference in how your debt issues are resolved – and what you financial outlook may be for the coming years. If you are facing serious debt, here are some of the things to look when you are ready to move forward with the help of a lawyer: Experience – The more experience a bankruptcy attorney has, the more insight (s)he can provide regarding different debt relief options (and the better options for you, given the specifics [...]

How to Choose the Right Bankruptcy Lawyer for Your Debt Relief Needs2019-02-19T22:10:06+00:00

What Creditors Can – and Cannot – Repossess


Repossessing assets is one method creditors and debt collectors may use to try to compel borrowers to repay their debt – or to try to recoup on defaulted debt when repayment seems unlikely. When it comes to repossession, however, there are specific rules regarding what can and cannot be repossessed. Understanding the difference can be essential to protecting yourself and your assets – and to knowing when it may be time to take stronger action to stop repossession from happening. Items That Can Typically Be Repossessed Homes – Homes are typically purchased via secured mortgage loans. This means that, in [...]

What Creditors Can – and Cannot – Repossess2018-02-15T18:08:59+00:00

4 Ways to Avoid Becoming the Victim of Tax Identity Theft


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 Theft2018-02-15T18:09:48+00:00