Debt consolidation is a term doing the rounds frequently in the last few years. Debt negotiation and Debt settlement are two other terms by which it is known. It essentially means taking a new loan to pay off other pending ones. People resort to this option with hopes of securing low interest loans or even [...]

A bankruptcy filing should only be considered as a last resort measure. If you have exhausted all other possibilities, your minimum payments are no longer within your means and you are already defaulted in a few payments or if you have lost your income you are no longer able to repay your debts, then it [...]

Bankruptcy is an option for any individual who cannot pay their debts. The Bankruptcy proceeding has two aims: (1) to free the individual from the pressures of creditors to enable him or her to make a fresh start; (2) To ensure that all assets (such as property and investments) are distributed fairly among the creditors. [...]

If there is one thing that is certain for many people, it is that the level of consumer debt among Americans is on the rise. The realm of debt can be a complex thing to examine when you realize that there are different types of debt out there. Essentially, there are three categories and six [...]

When you are deep in debt it is often difficult to know what action to take, no matter how desperate you are to get out of it.  Taking action requires some knowledge of the specific things you can do to change your situation.  Many people appear to be simply ignoring their predicament, whereas they just [...]