Debt Relief

/Debt Relief

How Long Does a Chapter 7 Bankruptcy Case Take to Resolve in Colorado?

2018-02-15T18:14:04+00:00

The duration of Chapter 7 bankruptcy cases in Colorado varies, depending on the specifics of the case, such as the amount of assets that comprise the bankruptcy estate. In general, however, Chapter 7 cases in Colorado last between 3 to 6 months. Below is a simplified overview of what typically happens during these months, along with some of the things that can complicate these cases by prolonging them past 6 months. An Overview of the Chapter 7 Bankruptcy Process in Colorado The Chapter 7 bankruptcy process starts when someone files an official bankruptcy petition with a Colorado court. Before this [...]

How Long Does a Chapter 7 Bankruptcy Case Take to Resolve in Colorado?2018-02-15T18:14:04+00:00

5 Effective Tips for Paying Down Holiday Debt

2019-02-19T22:33:30+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 Debt2019-02-19T22:33:30+00:00

5 Essential Tips for Getting Your Finances on Track in 2016

2018-02-15T18:18:43+00:00

The New Year is almost here. And while many people may be getting ready for this evening’s festivities, others may be making some longer-term plans to improve their life in 2016. For those who are focused on getting out of debt and improving their finances in the New Year, here are some essential tips for getting on track: Put yourself on a monthly budget – Figure out what you have to spend each month to cover your essentials (including living expenses and bills), as well as your maximum monthly spending limit. Be as detailed as necessary in putting together your [...]

5 Essential Tips for Getting Your Finances on Track in 20162018-02-15T18:18:43+00:00

What to Do When You Don’t Recognize a Debt: 5 Steps to Take

2018-02-15T18:21:36+00:00

Each year in the U.S., debt collectors contact consumers about a billion times seeking repayment of some outstanding debt. While some of the debts triggering this contact may be valid, not all of them will be. Also, not all parties who claim they are owed some debt will be legitimate debt collectors. Knowing what to do when you come across a fishy debt and/or a new debt collector asking you to pay on debt you don’t recognize can be the key to protecting your hard-earned money. Confronted with Suspicious Debt? Here’s What You Can Do… Identify the debt collector – [...]

What to Do When You Don’t Recognize a Debt: 5 Steps to Take2018-02-15T18:21:36+00:00

5 Steps to Prioritizing Your Debt

2018-02-15T18:33:40+00:00

Debt can easily snowball with overspending and/or a lack of a budget. For those who are struggling with debt and are ready to start taking action to reduce it, however, the first step can be to prioritize all of their debt obligations. This can help people develop the best plan for starting to aggressively pay off their debt and save the most money possible in the process. How to Prioritize Your Debts List out all of your current monthly debt payments – Be sure to include debts like mortgage and car loan debt, as well as credit card debt, student [...]

5 Steps to Prioritizing Your Debt2018-02-15T18:33:40+00:00

Scraping by Each Month? Follow These 4 Tips to Get Your Finances Back on Track

2018-02-15T18:36:54+00:00

When it seems like your paycheck drains out of your checking account as soon as it’s deposited, you are probably stressed out about money, and you are likely living paycheck to paycheck. For many people in this situation, even just one unforeseen event – like an accident or the need for a pricey home or car repair – can end up plunging them into serious debt. To avoid this situation and start getting your finances back on track, below are some things to do to start making your income go further and, ideally, improve your overall financial outlook. What You [...]

Scraping by Each Month? Follow These 4 Tips to Get Your Finances Back on Track2018-02-15T18:36:54+00:00

Use This Sample Letter to Dispute a Credit Card Charge

2018-02-15T18:42:42+00:00

Dealing with credit card companies can be stressful, especially if you need to get a charge you didn’t acquire off of your bill and records with the company. While you may be able to dispute these charges over the phone, some companies may also require you to send a written, more formal letter to explain the issue and why you are not responsible for the credit card debt. Below is a sample letter you can use when you need to dispute credit card charges. Sample Letter Add information specific to your situation in the bracketed areas below: [Date] [Your Name [...]

Use This Sample Letter to Dispute a Credit Card Charge2018-02-15T18:42:42+00:00

How to Pay Down Debt: 6 Tips (Pt. 3)

2019-02-20T15:16:48+00:00

Ending our blog series How to Pay Down Debt: 6 Tips, below is some more helpful advice that can facilitate the process of paying down debt. How to Pay Down Debt: More Helpful Advice Tip 5 – Avoid running up new debt while you pay down your current debt. Although this tip to pay down debt may seem obvious, the journey to get out of substantial debt can be long, and new lines of credit can be enticing, especially when these credit lines offer no-interest periods or when you may need to do some extra spending (such as around the [...]

How to Pay Down Debt: 6 Tips (Pt. 3)2019-02-20T15:16:48+00:00

How to Pay Down Debt: 6 Tips (Pt. 2)

2019-02-20T15:18:37+00:00

Resuming How to Pay Down Debt: 6 Tips (Pt. 1), here, we will reveal some more essential things to keep in mind as you focus on reducing and eliminating your debt obligations. How to Pay Down Debt: More Essential Tips Tip 3 – Pay more than the monthly minimum on at least one debt. This is a crucial tip to remember if you truly want to pay down your debt. The reason is that, if you only end up paying the minimum monthly payments on all of your debts: You’ll never end up making any real headway in paying down [...]

How to Pay Down Debt: 6 Tips (Pt. 2)2019-02-20T15:18:37+00:00

How to Pay Down Debt: 6 Tips (Pt. 1) 

2019-02-20T15:10:40+00:00

The average U.S. household is carrying more than $203,000 in debt, when factoring in credit card debt, mortgage debt and student loan debts. While making efforts to pay such debt down is clearly important to getting to a better financial state, knowing just how to do this can be a little less clear, particularly if you are juggling multiple bills and financial responsibilities on a limited income. To shed some light on just how people can start to climb out of debt and improve their financial situations, in this blog series, we will highlight some straightforward tips regarding how to [...]

How to Pay Down Debt: 6 Tips (Pt. 1) 2019-02-20T15:10:40+00:00