Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Chapter 13 bankruptcy is one of the best ways to safeguard the property and pay off the debts. It gives an opportunity to a debtor to adjust his/her debts according to the regular income. The whole process usually takes 3 to 5 years, but with time, the debtor can manage the situation in a better way. However, not only the debtor, the bankruptcy code implemented ...
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There is no doubt, that the amount of debt acquired by individuals have gained momentum after the Great Recession. According to the Pew Charitable Trust’s July 2015 report, "80% of Americans are in debt, with 39% in credit card debt." As per the same report: "The average U.S. credit card holder owes $7,789 in unpaid credit card debt, according to a March ...
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Budgeting and frugality actually go hand in hand. Budgeting helps you to lower your expenditures and helps you in saving money. Similarly, frugality requires lowering your expenditures and thus helps you to save money. So, if you prepare a frugal budget, you’ll be able to save your hard earned money and secure financial future. It will also helps to stay away from ...
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The Commonwealth Fund reported that in 2010, nearly 30 million Americans were contacted by collection agencies to collect due medical bills.Some myths are responsible for this result. Most of the people think the insurance company pays their medical bills. They don't even know the huge medical bills are due to insurance processing delays or some billing mistake.Some ...
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Let’s face it, traveling on a limitless budget isn’t everyone’s cup of tea. But, that doesn’t mean you can’t go for a vacation. Of course, you can go vacationing with a limited budget. Traveling on a budget becomes easier when you plan a weekend getaway. But, of course, if you go out on every weekend, your money will disappear quickly. Fall weekends are ...
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Getting straight to the point, here are some of the instances, when you and I and most others fall into the trap laid out by our financial frenemies - people who pretend to be our friend, but wreak havoc on our budgets, using their gift of the gab! Instance 1:It's worth a purchase! Smart response: If you're being instructed to buy a certain item from one such ...
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The answer is YES. But, how does a student loan affect your debt-to-income ratio? To find out the answer, you have to go through this article. You want to buy a house, a car, or maybe refinance your student loan. Soon after applying for a loan you’re informed that your application got rejected. But, you have a good credit score. So, what is the factor behind the ...
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Apart from offering frugal tips, rich household budgeting ideas, and legal fixes for debt problems, it’s also our duty to publish stories of real people who took control of their finances and defeated debt. Today we are bringing you the story of John & David - a gay couple from Denver, Colorado, who have been living together now for last 11 years. Apart from ...
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