Category: Budget & Debts

How Do I Pay My Credit Card | Ways to Eliminate Debt

Debt is a problem that can spin out of control if it is not taken care of properly.  As debt is allowed to grow, a person’s ability to pay it down becomes increasingly diminished because total interest increases, and minimum payments increase. How Do I Pay My Credit Card Debt Paying only the minimum payment […]

Income Too Low for Loan Modification

The most common reason homeowners get turned down for a workout with their lender is: “income too low for loan modification.” It sounds backwards in that if the borrower’s income were higher, they wouldn’t be asking for assistance in the first place, but turn downs citing income too low for loan modification are unfortunately quite […]

Business Bankruptcy in California | Small Business Bankruptcy Attorney

There are many different situations which can lead to a business bankruptcy filing including a reduction in revenues, loss of customer base, increased competition and increased business costs.  Small business owners know all too well that a slight disruption in revenues can have major ramifications if not managed carefully.  Of course in some cases, a […]

Second Mortgage Settlements: How to Settle a Second Mortgage

You may have been one of those to receive an “offer letter” to settle your second mortgage recently. These typically go out to homeowners when they are substantially behind on payments (over 6 months). Alternatively, you may just be curious to know if your second mortgage can be settled for a lump sum, as so […]

Debt Collection Harassment

Falling behind on your payments or having a delinquent account can be a very stressful situation for most people. The majority of people want to pay their bills on time, pay their credit cards off, and maintain a good credit score. However, sometimes things that are out of our control leave us financially unable to […]

Seniors Retiring with Credit Card Debt

The economic recession has affected the financial plans of many retirees and has caused many seniors to delay retirement all together. Senior citizens like many other Americans, have relied on their credit cards to pick up the financial slack of a sluggish economy. For seniors however, the amount of credit card debt has been compounded […]