Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Recently, someone told me his credit score dropped after paying down debt. She was angry, dejected, worried, and frustrated. Her frustration is normal and justified. In fact, this is one of the top questions asked in forums every day. So I wanted to write a detailed post to give people a good link to read when they ask the same question again. Jane: "My ...
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Right now, I am very confused, as in, what to begin with. Bankruptcy or divorce? Both are difficult situations, and both have emotions attached to them! This topic is intense! I will try to be as much lucid as possible in explaining the situations through a written content! Believe it or not, this truly requires a proper face to face conversation! But, ...
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A lot of people in our nation file bankruptcy or consider a settlement to get out of their debt. Thus they suffer from a horrible credit score. At some point, the people with bad credit need a mortgage. Unfortunately, they get limited options due to their bad credit. Most of the lenders close their doors to the people with bad credit. The lenders consider them ...
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So, you are in dire straits! You have hefty debt payments each month, and you have a job that pays you a lump sum, but you hate it as much you can, and want to quit it as soon as possible! You also understand that the debt payments will get heavily hampered if you stop going to work! Well, one simple answer from my end will always be, don’t quit your ...
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We all know that debt is forbidden; it spoils credit score, financial health, and mental peace. This is why most of you either try to get out of the debt trouble fast or avoid further debt. Staying debt free helps you to build a good credit score. And once your credit score is nice, you can enjoy many financial perks. Staying debt free can be difficult; you ...
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It’s just about time for all of us to jump into the Black Friday shopping festival. People will get all busy with their credit cards, debit cards, stacked up savings, and so on. Some might shout out that Walmart’s throwing up the best deal, while the others might argue that this year Target’s having the best offers on electronics. Things will carry on like ...
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I got this question a few months back. This is a very common query and I feel it needs to be addressed. Problem:I have a court date without being served. Yesterday, I received a call from a law firm. They have filed a collection case against me. They asked me to be there in the court after 15 days. But the problem is I haven’t received any court papers. What happens ...
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“People should watch out for three things: avoid a major addiction, don’t get so deeply into debt that it controls your life, and don’t start your family before you are ready to settle down”. Family can be your biggest strength or weakness when you’re in debt depending on how well you manage it. When your family understands your debt problems and ...
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