Most people try to pay their debts slowly over time, especially credit cards and personal loans. But high interest rates and penalties often mean they pay far more than they borrowed, and sometimes never fully escape the debt. Why it’s common: Many people feel obligated to “do the right thing” and keep making payments—even when […]

The most common creditor calls typically come from credit card companies and third-party collection agencies, especially when payments are late or accounts have gone into default. These collectors often call multiple times a day, seeking payment in full or a negotiated settlement. Medical debt is another major source of collection calls, particularly after hospital visits […]

Debt Settlement Debt settlement is an alternative to filing for bankruptcy relief. The typical process of debt settlement is contacting a creditor and offering them a payoff for less than the full balance owed. Typical settlements generally range from 20-50%. However, what debtors need to be aware of is that the creditor is under no […]

When you really look at your debts, its much cheaper to pay a Bankruptcy Attorney a flat one-time fee VS paying all your creditors over time. Additionally, if you don’t file, you face the risk of being sued and having to defend your case in a civil court, your wages being garnished at up to […]