It happens all the time. Someone walks into my office convinced that bankruptcy is their only option and walks out with the kernel for a plan to get their finances under control. Take today, for instance. A gentleman came in for a consultation wanting me to file a Chapter 13 bankruptcy for him (as…Read more
Do I Really Need to File Bankruptcy if I Can Make the Minimum Payments on My Credit Cards?
One of the questions I get asked most often is whether or not I think, based on their level of debt, someone should file bankruptcy. This person may be struggling with the idea of filing bankruptcy and one of the arguments they use against filing is that they are currently able to make the minimum…Read more
Where Can I Get a Free Credit Report?
Presented by the Federal Trade Commission
Are You Fiscally Compatible with Your Valentine? Take this Quiz to Find Out
What Do I Do if a Debt Collector is Trying to Collect a Debt I Don’t Owe?
Being hounded for a debt can be stressful enough, but imagine being hounded for a debt that you don’t owe. If you’ve got a common name, like Smith or Jones, this is something for which you should be especially watchful. According to a column by Kathy M. Kristof over at the Los Angeles Times, there…Read more
New Consumer Financial Protection Bureau Wants Your Suggestions
Capitol One Trying to Collect Old Debt
Check out this report by David Lazarus on Capitol One trying to collect old, charged off debt. If you have received a “bill” from Capitol One for old debt, read the fine print. They may be trying to collect a debt for which the statute of limitations has run.
How to Ruin Your Credit
Presented by Total Bankruptcy
Bouncing Back from Bankruptcy – Secured Credit Cards
One of the biggest concerns that my clients have is whether or not they will be able to have a credit card after they file bankruptcy. Credit cards have become such a big part of our culture, it is hard to imagine life without one. Yet, credit cards account for some of the biggest debt…Read more
Where Can I Make a Complaint Against a Collection Agency in Colorado?
If you believe you are being harassed by a debt collection agency in Colorado, you should contact the Colorado Collection Agency Board. This agency handles complaints against collection agencies that are operating in violation of the Colorado Fair Debt Collection Practices Act. You can contact Board here: 1525 Sherman Street, 7th Floor Denver, CO 80203…Read more