For many people, bankruptcy is as negative a word as you’ll find in the English language. Nothing positive has ever been attached to the term “going bankrupt” and for good reason. Filing for bankruptcy means that your financial world is in the worst kind of turmoil imaginable. Bankruptcy will certainly relieve the ...

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Debt is one of those issues that doesn’t even have to affect you directly to affect your life. You may have all your finances in order, but if a close family member has a serious debt issue, you may feel obligated or may be asked to help. This type of scenario may seem straightforward, but it has the potential to cause some ...

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The process of debt consolidation refers to paying off multiple debts by placing them all under the umbrella of a single, larger debt.  All of the smaller debts are paid off and closed and you only have to make one payment each month instead of several. You will still owe the same amount of money, but the idea is to save ...

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Bankruptcy is one of those topics that no one really likes to discuss, unless we are talking about someone else losing all their stuff. To say that there is a mountain of negative associations with the word bankruptcy is a huge understatement. However, there are times in life when you get yourself into a tight financial spot, ...

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Your personal credit rating is a number that basically signifies how trustworthy you are when it comes to paying off your debts. The ratings range from R1, which is perfect credit, all the way to R9, which indicates bankruptcy or debts which are considered uncollectible. Most people are aware that your ability to get car loans, ...

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