Debt consolidation and debt settlement are both financial strategies that share a common goal – to help consumers resolve their credit card debt – but they achieve it through different routes.
Capital is the lifeblood of companies
While no one likes being in debt, the truth is that the majority of us need debt to finance our day-to-day lives.
Total household debt in the United States – including auto loans, credit cards, mortgages, and student debt – climbed to $14.30 trillion in the first quarter of 2020. It’s so high that it is about eight times the total household by the height of the great recession in Q3 2008.
When you’re trying to escape debt, dealing with multiple accounts and due dates can be frustrating.
About 80% of Americans are in, at least, one form of debt.
Bankruptcy and insolvency are among the most confusing finance terms for many people – sometimes, even used interchangeably. We explain.
If other debt relief method fails, declaring bankruptcy might be the only option to ease your financial burden.
Explore the similarities and differences between liquidation and bankruptcy.
Once you file for bankruptcy, an automatic stay immediately goes into effect. This will restrict your creditors from attempting to collect on debts that may be discharged during the bankruptcy process.