The Debt Lawyers Blog
Publications on student loan debt, credit card debt, credit report errors and more.
Problems With Debt Settlement Companies: Freedom Debt Relief
With credit card rising to an all-time high in 2017 at a staggering $1.02 trillion dollars in outstanding debt, Americans are looking for ways to eliminate this overwhelming burden. The emotional stress that debt takes on a person creates depression, anxiety, and fear; making one desperate to change their financial circumstance. Many in this...
Sticking to a Budget Doesn’t Have to Be Hard
Remember making a budget when you were just getting started in life as an adult? Thinking back, you realize you had no budget and you wonder how in the world you were able make it on the income you were making. Trouble is, today, you find yourself making more money and you STILL are having trouble making ends meet. How is that even possible? It...
How to Pay Off Debts Quicker
Creative Debt Solutions First and foremost, there is no one perfect way to get out of debt. Every person’s situation is different and needs to be approached with an honest and creative perspective. It is important to review your money coming in, money going out and then get serious about increasing the one and decreasing the other. Here are...
Spend Less Money on Food
Food Is One of the Biggest Household Expenses If you have a family of four you can easily spend $1000/month on groceries every month. This monthly expense adds up quickly. If you can cut back on food spending by just $200 a month you could save $2400/a year. If you can cut back by $400/a month you are looking at a saving of $4,800/a year. ...
Student Loan Debt Consolidation
If you are among the 3.3 million Americans with defaulted student loans, do not lose hope. Certainly, the frequent phone calls by your creditor, the knocking at your door, wage garnishment, legal action and similar situations can be intimidating and can cause you a lot of stress. Student Loan Debt Relief But you can do something about it. A...
Debt Consolidation Loans and Debt Lawyer
When handled properly, debt consolidation can simplify your life and can eventually improve your financial standing. Debt Consolidation Loans Debt consolidation is the process of taking out one loan to pay off several loans. It is consolidating your debts to one payment. Credit Card Consolidation Loans This is a good option if you several high...
Debt Settlement Negotiations: A Primer
Debt Settlement Agreement Debt settlement is the process of settling or paying debt for a certain sum of money. It is also known as debt arbitration, debt negotiation or credit settlement. The debtor and creditor often agree to a certain amount, often a reduced amount, to eliminate the entire liability. The process of debt settlement generally...
Settling Medical Debt Relief
In this day and age, a lot of Americans are struggling with medical debt. A study by Nerdwallet, a price-comparison website, revealed that in 2014, two million Americans suffered bankruptcies due to unpaid medical bills. Recently, a similar study by the Harvard Medical School revealed almost the same. 62% of bankruptcies are caused by medical...
What If I Can’t Pay My Payday Loan?
According to Pew Charitable Trusts, twelve million Americans use payday loans every year. A payday loan is a short term, high interest loan designed to bridge the gap between paychecks when you have an immediate need for cash. The Federal Reserve has reported that nearly half of Americans do not have enough savings to cover for immediate cash...
