You might not think there is a correlation between exercise and financial success. But, if you don’t exercise you may be negatively affecting your financial health, as well as your physical health.
How can not exercising hurt your finances? Daily physical activity lowers the risk of a multitude of ailments, from heart disease to diabetes to [...]
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If you have filed for bankruptcy, you may find rebuilding credit status a very difficult activity. It’s essential you rebuild credit after coming out of bankruptcy, since account details are flagged for seven years after the inception of bankruptcy. You may experience certain financial hardships, especially when it comes to acquiring loans and credit facilities [...]
Bankruptcy is a drastic step, and one usually taken by people who feel they have no other alternative. When you are declared bankrupt you essentially lose control of all your assets. There are certain modest personal exemption levels for different types of asset, intended just to cover the essential things you need to get by. [...]
There’s no denying that credit cards have made our lives easy. Anything that catches your eye can immediately become your property thanks to the little plastic card in your wallet. Whether it’s groceries, a new watch, or an expensive dress, you quickly swipe your credit card and there it is. It is almost like magic [...]
Getting bank on your feet following bankruptcy can be a very difficult task. You’ll be starting from scratch.
To ensure you make a “fresh” start, you need to think and analyze your previous spending habits. What really lead you to go bankrupt? Analyze your expenses, the way you handle your money and of course your lifestyle. [...]
What’s the deal with getting credit after a bankruptcy is filed? Surprisingly, there are options available. Once your case is discharged, you will likely begin to receive new offers of credit. The reason is twofold. First, the credit card company knows you have already filed for bankruptcy so that if you default in the future, [...]
Chapter 13 Bankruptcy is also known as a reorganization bankruptcy. Chapter 13 bankruptcy is filed by individuals who want to pay off their debts over a period of three to five years. This type of bankruptcy appeals to individuals who have non-exempt property that they want to keep. Sometimes called a “wage earner plan” chapter 13 [...]
Also called a “straight bankruptcy”, chapter 7 bankruptcy is a a liquidation proceeding, which involves the liquidation of non-exempt assets for the benefit of creditors. Most chapter 7 cases are considered “no asset” cases meaning there will be no liquidation or distribution of assets to unsecured creditors. Absent liquidated assets, creditors do not receive any payment on [...]
Although bankruptcy is a frightening word with a major stigma attached to it, it can help some people in certain circumstances. If your debts are insurmountable and you genuinely cannot see another way out, then you may have to go down this road.
Bankruptcy should only be considered if all other avenues of debt management have [...]
With mortgage foreclosures at an all time high, major banks across the nation have begun offering loan modification programs for people who are in danger of losing their homes to foreclosure. While eligibility for loan modification programs differs from one bank to the next, the common goal of these programs is to restructure existing mortgage loans [...]
