News — Debt

Student loan debt forgiveness - Really a good idea? Think about what’s in your best interest.     Learn Liberty Student loans are difficult to repay in a sluggish economy, and many recent graduates are struggling under considerable debt. One proposal is forgiving student loans, but Prof. Daniel Lin argues that debt forgiveness does not resolve the underlying causes of rising student debt, and therefore cannot prevent future debt problems. Instead of debt forgiveness, Prof. Lin suggests making student loans like other types of loans: dischargeable in bankruptcy. This places the burden on lenders to ensure that students are not taking...

Why you need a lawyer to file for bankruptcy—and how to get one for free. Are you Too Broke To Go Bankrupt?     Many cash-strapped Americans, overloaded with debt, will not be able to afford to file for bankruptcy this year. Anywhere between 200,000 and 1 million consumers are estimated to be unable to come up with the $1,500 average cost to pay for the filing and lawyer fees for a Chapter 7 bankruptcy, according to recent research submitted to the National Bureau of Economic Research. Today, the Chapter 7 filing fee by itself, without attorney fees, is around...

Debt consolidation for credit cards is very useful when it comes to paying your interest for many credit cards you hold. Consolidate credit card debt. It would be a terrible job to pay interest when multiple cards are kept. Therefore, this consolidation is a boon for all those who have multiple credit cards.  This has many other benefits to lower your interest or other features too. Consolidate This simply means consolidating debts on different cards in minimum so that you are benefited. This consolidation is usually as bank loans at low interest. This can also be done by transferring the...

When searching for options concerning your need to rid yourself of credit card debt, consider credit card debt consolidation. How to get out of credit card debt Credit card debt consolidation – Dealing with credit card debt SuzeOrman.com

Sometimes bankruptcy isn’t always the best option - Debt settlement order.  Have you considered debt settlement? How to Settle Unpaid Bills with Debt Collectors and Collection Agencies Settling debts when your past due bill is with a debt collection agency. We’ll talk about tips and strategies for debt settlement timing so you can save the most. Michael Bovee