Debt doesn’t always appear as flashy spending sprees; most often, it is built slowly and silently until it becomes the elephant in the room…that squashes the household. While job loss or medical expenses are well-known reasons for high debt and possible bankruptcy, here are the top eight often overlooked causes of debt: 1. Not Following […]
Continue ReadingAuthor: Lauralynn
Lauralynn is the Online Marketing Specialist for AdvantageCCS. She is married and has two young daughters. She enjoys writing, reading, hiking, cooking, video games, sewing, and gardening. Lauralynn has a degree in Multimedia Technologies from Pittsburgh Technical College.
What You Need to Know if You’re Filing for Bankruptcy
Many consumers think bankruptcy is the best option. While it is one way to get rid of debt quickly, it is wise for a person to think about their financial future as a whole. Not only that, but one must understand a few other things when it comes to filing the seemingly never-ending paperwork. With […]
Continue ReadingVideo: Top 10 Warning Signs of Debt
In our latest video, you’ll find friendly Lisa, and she is going to teach you about the top 10 warning signs of debt. We wanted to figure out a way to educate consumers, and we know that a video can do a great job of that. This video is mainly for consumers that may not […]
Continue ReadingWhat to do if You Default on a Student Loan
It’s possible that you didn’t realize your loan came out of deferment, and you missed some payments. Unfortunately, we see this kind of thing all the time. If you’ve missed even one payment, then you are at risk of defaulting on your student loan. Defaulting on your loan has some serious consequences. However, we’re going […]
Continue ReadingHow to Budget Using the Envelope System
You can find a lot of fancy software and online tools to help you budget your money better. However, a lot of people find that the old-school envelope system works out the best for them. Because the envelopes are physical items with cash inside of them, it might be easier to visualize both saving and […]
Continue Reading2014 Tax Season and What You Need To Know
It’s a new year and many people are already anticipating the need to get their taxes in order, after all, April 15th comes pretty quick. For those who have done taxes in the past, history has shown that the folks in Washington are forever making changes to the tax laws. As with many years in […]
Continue ReadingWhat is a Form B23 and Why do I Need It?
The Bankruptcy Form B23 is essential to finish the last steps of your bankruptcy discharge. In a Chapter 7 case, the Form B23 along with your Personal Financial Management Course Certificate (pre-discharge certificate), must be filed within 45 days after the first 341(a) Meeting of Creditors has happened. In a Chapter 13 case, it must […]
Continue ReadingHow to Get out of Debt
The recent recession affected the financial lives of people all over the country. The recession led to much higher rates of unemployment and underemployment. Because of this, many people needed to rely on credit cards to meet all of their financial obligations and pay for emergencies that arose. While this may have been a good […]
Continue ReadingUnderstanding What Debt-to-Income Ratio Means
Your debt to income ratio (DTI) is a key component of how healthy your credit is. It has no effect on your actual credit score, but lenders take it into consideration when it comes to applying for a mortgage or other major loans. Lenders use the DTI ratio to help them to calculate how much […]
Continue ReadingWhite Paper: What a Certified Credit Counseling Agency Can Do For You
Even though certified credit counseling agencies can save debt-burdened individuals thousands of dollars and prevent years of financial stress, their services are underused by those who could benefit from them the most. In this white paper, find out the different ways that certified credit counseling agencies can help you and your family, whether you are […]
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