There is a lot of talk these days about cost-conscious budgeting to prevent avoidable debt. In fact, we’ve shared many handy tips and tricks on this blog to prevent over-spending and to help you feel more in control of your household’s money management. Nowadays though, there is an abundance of […]
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Prevent Avoidable Debt with These Recommended Apps
- March 29, 2013
- Posted by Mcfarlin Law, in Budget & Debts
Forgiven Debt is Taxable Income
- March 21, 2013
- Posted by Mcfarlin Law, in Bankruptcy
Surprising news for many American consumers out there: Forgiven debt is taxable income! When you’re buried in debt, the one saving grace is often creditor settlement. Creditors are often willing to negotiate a significant discount on a debt when they know that a consumer is unable to pay in full. […]
Pulling Yourself Out of Debt
- March 13, 2013
- Posted by Mcfarlin Law, in Bankruptcy
Pulling yourself out of debt is always an uphill battle. However, with the right tools and mindset, you can start chipping away and eventually free yourself of debt. When you first set out to tackle your debt, consider four factors: Your debt strategy Downgrading opportunities Money-making opportunities Other ways to […]
Dealing with Debt Collectors
- June 27, 2012
- Posted by Mcfarlin Law, in Bankruptcy
No one wants the phone to ring if it is a debt collector calling. A call of this nature can only mean one thing: A bill is overdue, long overdue. While the knee-jerk reaction may be to run away from the problem, knowing your rights and the proper way to […]
