Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Life doesn’t end after filing bankruptcy. But yes, a few restrictions are definitely imposed on your financial life. Does that mean you can’t apply for credit cards after bankruptcy?It isn’t that you can’t apply for credit cards after bankruptcy. It’s just that you may not qualify for the best credit cards at favorable interest rates.It’ll be difficult to ...
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What if you are charged for an item or a service by mistake? Or what if you have been overcharged for an item on your credit card?Does this mean, you can’t get back your money? Is there any scope to dispute these kinds of incorrect charges?Calm down! Yes, there is the Fair Credit Billing Act (FCBA), which can be your savior.What is the FCBA?The Fair Credit Billing ...
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More than 22 million people receive Social Security benefits every year and the federal government pays almost Rs 64 million for this. Social Security benefits are of great help for the retired and disabled people. For many families in the USA. Social Security is the only source of income. As such any changes in the Social Security benefits affect them magnificently. ...
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You definitely need a cosigner if you are getting rejected for any new loan or credit line.A cosigner helps you to achieve a better chance of credit approval, by giving a guarantee to the lender or creditor, that the debt borrowed will be surely paid off.This promise or guarantee is a big factor for any financial institution to sanction a loan or credit line. A ...
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A large number of people think that if they file bankruptcy, their landlord can evict them. This fear is common, but in reality, the automatic stay protection stops any sort of collection attempts and provide protection from eviction as well.Here are some important facts that you should know about eviction in bankruptcy.When a landlord can evict you during bankruptcy? ...
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With student loan debt going up day by day, millennials and Gen X generation are getting affected all alike. As per the debt clock, the total student loan debt in our country has already touched $1,6 million mark. Those big payments are taking a toll on the financial life of millennials. One good way to delay student loan payments is to opt for deferment. But what is ...
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The federal government’s tariffs and the ongoing trade war with China are already creating ripples in the US economy and stock market. And, if the predictions of financial experts come true, then we will face another economic recession in the next 12-18 months.In the last recession (which happened in 2008-2009), Americans lost jobs, homes, and businesses. God knows ...
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Many people who are in drowning in huge debts consider debt settlement to get rid of their debts. Debt settlement is a good debt repayment option as it reduces the total debt amount. You can approach your creditors for the settlement on your own. In that case, you should try to convince them about the settlement. Since they are not getting the full debt ...
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