Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Filing Chapter 7 or Chapter 13 bankruptcy may not seem simple or attractive. The entire process of a successful bankruptcy discharge may entangle you into a complex array of paperwork before you could claim to be debt free.So, here are 5 bankruptcy myths that have been debunked to make understanding of bankruptcy a lot easier.Myth 1: Debt repayment is better than ...
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“Rather go to bed without dinner than to rise in debt.” - Benjamin Franklin Being in debt is not at all sexy. Maxed out credit cards, high interest rates, debt collection calls and poor credit score wipe out the bright smile from your face. And with time, it becomes extremely tough to get a grip on your credit card payments due to increasing interest rates, ...
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Divorce is already emotionally taxing. Plus, having a debt (such as a mortgage debt, credit card debts, or a car debt, etc.) is enough to rub salt in the wound. During separation, assets as well as debts are divided between the couple. Apart from other debtss, credit card debts have always been a matter of grave concern during divorce. So, today, let us discuss ...
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Medical emergencies can pop up anytime. What will you do if you face a sudden medical emergency? How will you pay the medical bills if it’s more than what you expected? You would suggest using your emergency fund in case of a medical emergency. But, what will you do if you don’t have an emergency fund, or the money you’ve saved in your emergency fund is ...
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According to a new study, at least a quarter of the roughly 8.7 million student loan defaults during the Obama administration and before is because of the housing crisis. The housing collapse during the Great recession that survived from 2007 to 2010 was directly responsible for at least one-fourth increase in student loan defaults, according to the new study by ...
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Like most of the American millennials, I too had fallen into debt some years back. I was unable to juggle my money successfully between my dear mom's bad health condition and credit cards. In addition to this, I had to manage the household expenses too. Becoming debt free was the only option for me. After the death of my sweet mom, I had no one to help me financially ...
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“If the only way you can build an emergency fund is to pay the minimum due on your credit card, that is what you need to do” - Suze Orman An emergency fund gives you immediate cash to cover your unexpected expenses. Without one, you could end up borrowing payday loans or racking up credit card debt. ...
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Oak View Law Group (OVLG) recently launched two new services aiming consumers, who are trying to regain their financial foothold. With more than 6 years of industry experience, OVLG is proud to announce the new Credit Repair service and Stay Violation Protection, as it continues to help people with their credit and debt problems. Starting from October, these ...
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