Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
'Death' is a universal truth and inevitable. You may try but can’t escape from the claws of death. Whenever someone dies, often the family members start thinking about his or her unpaid mortgage bills, auto loan, credit card bills, unpaid income taxes and other debts. The answer is that the debts become a part of the deceased’s estate and usually paid before ...
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2011 is past now! The happy bells of 2012 have already started ringing. However, are you thinking of adding a new and glittering credit card to your arsenal this 2012? Below are 10 tips for obtaining a brand new credit card this year and not mishandling it. 1) Know the earth below your feet: Like most folks, you may not know that the interest rate and credit limit ...
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Living a debt-free life has become somewhat impossible these days. Today, most of us easily default on our monthly mortgage bills, student loans and other utility bills. The reason being that we have let debt go out of our control. We have lavishly exploited our credit cards to the fullest not knowing what was going to happen in future. Actually, it's very simple to ...
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According to recent data, the US unemployment rate has fallen to its lowest rate (8.6%) since the spring of 2009. However, in spite of the shocking drop in US unemployment rate, there are still many who are struggling to get a job. Actually, a household survey revealed that in November 315,000 people stopped searching for work. However, though things have ...
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There is no doubt that if you have a collection on your credit report, it’ll hurt your credit score. Moreover, even though the consequences of a collection on your credit score get reduced with time, the entry remains on your credit report for 7 long years. Thus, also makes it difficult for you to borrow in future. Now, you might be thinking how to deal with this. ...
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Are collection agencies harassing you for a debt you don’t owe? Are you feeling lost, confused, helpless, and not sure how to deal the crisis? If this is the situation, debt validation could certainly be a weapon that would help you combat collection agencies. Now, you might be thinking what debt validation is all about. Well, debt validation is where you try to ...
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Now when the winter is heading closer, it’s time to shoulder the school bags and get back to classes. Whether you are getting back to college or sending your juniors to schools, this time of the year can turn out to be very costly, especially when the Christmas is also heading closer. However, going back to school doesn’t mean that you’re again getting back ...
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Settling a debt after the death of a spouse often turns to be a lengthy procedure than you think. Each state has its own laws regarding debt dispute and treats federal law in a similar way. The federal law covers those accounts that come under the Employment Retirement Income Security Act (ERISA). These are 401(k) s (individual powered plans), 403(b) s (for teachers ...
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