As we all know, US Student loan debt has surpassed the $1Trillion mark – now exceeding the combined total of credit card and auto loan debt which comprises 6% of our national debt – the total GNP of South Korea. In 2013, two thirds of undergraduates left school owing more than $35,000 in debt. Those…
Who is really filing for Bankruptcy in Michigan?
Here are some interesting statistics just released on who is actually files bankruptcy in 2014. Women file bankruptcy more than men by a continually narrowing margin. In 2013, 52 % more women filed than men – but that gap is narrowing at a rate of about 1 % a year. The age demographic is shifting…
HOW CAN THE FAIR CREDIT REPORTING ACT HELP ME CORRECT ERROR ON MY CREDIT REPORT?
THE FAIR CREDIT REPORTING ACT The Fair Credit Reporting Act requires creditors to furnish complete and accurate credit information to the credit reporting agencies. If you have reaffirmed a debt and you are making timely payments to your creditor, the creditor has an obligation to accurately report your payment history to the credit bureaus. If…
5 Things You Must Understand About Your Bankruptcy
Bankruptcy provides the benefit of allowing you to walk away from a huge amount of debt and other obligations that you cannot afford. You are set free from debt so that you can get a fresh start and rebuild your life. W.C. Fields once said, “There ain’t no such thing as a free lunch” and…
How Do you Master Human Relations?
Politics is in every breath that you breath. And, politics is in every relationship that you maintain. How do you master human relatsionships? Here is a portrait of a master of human relations: 1. They will seem simple, but they are wise. 2. They will be humble; but they will be able accept their achievements…
What Needs to Happen Before I Get Credit After My Chapter 7 Bankruptcy?
The first thing that needs to happen is get your discharge. Keep a copy of your Discharge Order with your important papers – this is one of most important financial papers in your files. What has been surprising to me is the number of clients that continue to treat their mail liked they did before…
The 3 Step Strategy to Re-Establishing Credit
My bankruptcy clients understand one very clearly: You will need to re-establish your credit after your bankruptcy. Make some life changing decisions as to how you handle your finances. Maintain a budget. Don’t dwell on the past – only look forward, Remember, if you try to drive your car while looking in the rear view…