Wages garnished are used to repay debts. Wage garnishment is a judgment by the court making it mandatory that a portion of your income be applied to your debt balance. More than 90% of people who are sued by creditors simply do nothing. Of course, this is probably the worst thing you can do when faced with a judgement. Often…
Let’s cut right to the chase; an alarming number of Americans are carrying debt into retirement, including student loan debt. According to the Federal Reserve, Americans over the age of 50 owed more than $260 billion in student loans in 2018. What’s the average debt of retired Americans today? The biggest threat to retiring Americans today may not be saving…
People have money left over at the end of each month?? It’s not at all unusual to have no money left over at the end of the month. By the time payday comes around, many of our accounts are in dire need of a replenish. Most of us live like this and it’s really concerning. More than income or investment…
Priorities for your money – Needs before wants. While some of our expenses are naturally more vital than others, some are by our own choices. Most people, especially the younger generation, constantly complain that they don’t have enough money. If you see their income and bank accounts, this really isn’t the case. It’s just they fail to keep track of…
Sometimes, we need help overcoming debt. When your debt becomes out of control and you don’t know what to do, the best option may be to seek a credible debt relief company. It’s a given that debt settlement may affect your credit, but most people would agree that it’s a better option than bankruptcy. Now the question is, how can…
Cryptocurrency – a new way to spend At the dawn of a new economy, the 21st century Unicorn termed as ‘Cryptocurrency’ is a side product of Digital cash. While it is being accepted by the overwhelming community of people; even the bankers, consultants, developers, scientists are ignorant of its features. In simple words, Cryptocurrency is a virtual currency, most notably…
How can budgeting apps help you take control of your debt? Let’s get to the point without sugarcoating it—it’s tough to keep record of your finances. With debts to pay, bills to deal with, receipts to track, not to mention keeping your finances in the best condition possible. It’s a lot for anyone to handle, even without sever debt. Many…
Understanding the need to recover unsecured debt. Seeing the credit collection letter when you open the mailbox is a daunting feeling. Their methods seem aggressive, sometimes even threatening. This is because debt collections have to be made for this agency to recoup their cost. After all, they likely purchased your debt from the original creditor, albeit for a fraction of…
Collecting Debt is a Tough Business Debt collectors can be very difficult to deal with. A debt collector (also known as debt collection company or debt collection agency) is a company that specializes in pursuing payment of debts from individuals and companies. They have managed to surpass this job description by also adding fear to the hearts of debtors with…
Spoiler alert: Most consumers in America are in debt. The debt level of American citizens has run up to trillions of dollars and is expected to keep climbing. The government fears the debt crisis, and the average citizen just wants to sleep better at night. With these issues affecting the country, one method that consumers look to is debt relief….
