Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Credit report is vital as it has great impact on your life. So, if you find any mistakes or if you doubt your information get stolen, then you need to take some prompt action as soon as possible. Otherwise your credit score gets hurt and you may face some difficulties in your financial life. For the consumer’s help, the federal Fair Credit Reporting Act (FCRA) has ...
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Do you want to buy your first home with as little down payment as possible and maybe even qualify to get a refund on part of your real estate agent’s commission? If yes, then you may consider joining a credit union for that matter.Credit unions - Why should you approach them for mortgage?Credit unions are growing rapidly and along with it, the mortgage business. ...
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To file bankruptcy, you’ll have to undergo means test. However, you’ll have to first check your state’s median household income.In order to get rid of all your unsecured credit card debt as well as personal loans, you may opt for Chapter 7 bankruptcy. But, then it would become mandatory for you to pass the means test. As per the Bankruptcy Code, means test is ...
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Scam debt consolidation firms mainly hunt on people who are desperate in search of a way out to their mounting debt problems. People whose credit scores are bitter or already ruined often fall prey to debt consolidation scams. While the legitimate ones help you keep calm and stay afloat, the scam companies take advantage of your situation and put you farther in ...
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Ignoring debts can be dangerous for your financial health, you’ll be harassed by the call of the creditors. They can even take legal actions against you. If you’re already going through this phase you need to file bankruptcy in order to resolve the problem. But, which bankruptcy will be the best dose for your debt syndrome? Filing chapter 13 bankruptcy will be a ...
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Payday lending is considered as one of the creepiest borrowing choices when it comes to consumer lending. The practise mostly involves a request for post-dated checks, sky-high interest rates, and difficult-to-track lenders who reside in safe abodes (often in foreign countries like Costa Rica, Panama, and Belize) and predominantly outside the reach of the Fair Debt ...
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1. What is the meaning of tax-deductible?If a taxpayer donate cash or property to a “qualified organization”, then his/her donation will be deducted by filing the form 1040.2. Is Cash gift to a charitable organization can make tax deduction?If you give any cash gift to a charitable society, it may be declared as a deduction. In order to claim the deduction, you ...
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We all love to live our lives when the salary gets credited in the beginning of each month. Unfortunately, those who don’t follow a monthly budget, suffer credit crunch during month end. If you are too not that economical and don’t follow any budget, you ought to struggle with your finances at the end of each month. You’ll find your cash reserves exhausted and ...
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