Not Every Financial Mistake Leads to Bankruptcy
It’s OK to make mistakes. After all, not every financial mistake leads to bankruptcy. Yet the converse is also true. Not every bankruptcy is caused by mistake. Everyone makes mistakes, but only the wise learn from them. You must allow yourself to learn from your mistakes. Unwillingness to admit to a mistake will invariably lead […]
Foreclosure Litigation: You Are Not Going to Get a Free House
Washington, D.C. is a judicial foreclosure jurisdiction, which means the lender must sue the homeowner in order to foreclose. Foreclosure litigation in D.C. can be brief, six months start to finish, or it can drag on for years. You may have defenses or even counterclaims against your lender. But several judges have told homeowners in […]
How to Graduate from College without Student Loan Debt
Graduating without student loan debt isn’t easy, but it can be done. Early legwork can make a big difference, and your credentials, transcripts, and SAT score all matter, as well. But if you can remain flexible with your expectations, you can graduate from college without student loan debt. Federal grants To obtain federal financial aid […]
Avoiding Bank Fees
Bank fees are a turn-off, and you should avoid them if you can. Shop around before you open a bank account and know what you’re talking about when you go into a branch. Here are the most commonly charged bank fees and how to avoid them. Overdraft transfer fee Banks offer “overdraft protection” ostensibly to […]
How to Refinance With a Foreclosure on Your Credit Report
Whether you can refinance with a foreclosure on your credit report depends upon two factors: your loan terms and your mortgage lender. Negative credit events like foreclosure affect every credit decision made by lenders. A foreclosure will stay on your credit report for seven years. But many creditors look past previous foreclosures during the refinance application […]
How Much Will I Have to Pay in a Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is sometimes called the “wage-earner’s bankruptcy.” The Chapter 13 Plan requires a monthly payment over a period of 36 to 60 months. Self-employed people cut a monthly check to the Chapter 13 trustee. People employed by companies get automatic deductions taken from their paychecks. When you file a Chapter 13, you are […]