Debt is becoming a bigger and bigger problem here in the U.S. More and more Americans struggle under the financial burdens of debt every year, making it a struggle to get by. Unfortunately, this has led to many misunderstandings about debt, demonizing any debts as a bad thing and making people forced to take on any debts feel guilty. In reality, there are good debts and bad debts, and it’s Read More
Whether you’re deep in debt or struggling to stay up with bills, there’s a solution to your financial situation. The Cleveland Bankruptcy attorneys have the knowledge and experience to fight for your best interest. Contact a Cleveland Bankruptcy attorney today to discuss your options at (216) 586-6600.
Inherited IRAs May Be a Factor in Deciding Whether or Not to File for Bankruptcy
When you file for bankruptcy, you generally don’t have to worry about losing your retirement accounts. Your 401(k) remains untouched by bankruptcy and IRAs are protected up to $1.2 million dollars. This retirement money is meant to allow you to keep your fresh start and prevent debtors from running into the same problems in old age. What about inherited IRAs, though? According to the U.S. Supreme Court, inherited IRAs are Read More
How to Handle Payday Loan Collectors
If you’ve ever been a little late paying your bills, you know how difficult it can be to deal with debt collectors. Even when they are following the Federal Trade Commission’s (FTC) rules for fair debt collection practices, it can feel like you are being harassed. When they violate these rules, the stress can feel overwhelming. That’s why it’s no surprise that payday loan collection tactics—widely known to regularly break Read More
4 Ways You Can Fix Your Credit Fast
Everyone knows how important your credit score can be, especially when trying to get a loan or buy a house. That’s why a poor credit score can be a real obstacle—and a few small mistakes can have a significant financial impact. When you’re trying to recover from a poor credit score, it can feel like there is nothing you can do but wait until seven years have passed and the Read More
10 Tips to Pay Back Student Loans Smarter
Student loans are an investment in your future, but repaying them can feel overwhelming when you finally graduate. Too often, recent grads don’t really understand their loans or repayment obligations and fall behind. You can make sure this doesn’t happen to you by carefully researching loans before committing, and following these ten tips to pay back student loans smarter. Don’t ignore the debts. It may be tempting to bury your Read More
Losing Tax Refunds When in Debt
When you’re in debt, a tax refund gives your finances a needed boost. People often plan to pay important expenses with this money, such as a mortgage or utilities. That’s why losing tax refunds when in debt can come as such an unpleasant surprise. Sadly, this is a reality too many people face when in over their heads in certain kinds of debt. Because the government, through the IRS, issues Read More
Cleveland Woman Successfully Files Bankruptcy After Losing Job And Incurring Several Payday Loans
A woman in her 30s from Cleveland, Ohio was recently and, unfortunately, laid off from her job. To make ends meet, she incurred several payday loans from different companies. As a result of losing her job, she no longer had health insurance coverage and acquired a lot of medical bills. Once the woman returned to work, she was still seeing the negative effects of her nearly $60,000 in debt. Living Read More
Student Loan Tax Deductions
Student loans can be a difficult financial burden for many young people today. The skyrocketing costs of a college education can make it difficult for most adults to graduate without owing some amount of money on student loans. Luckily, there is some relief available to most people who owe student loans. You can take a student loan tax deduction. Every year, you are allowed to take a tax deduction for Read More
Medina Woman Debt Free After Filing Bankruptcy And Recovering Claims From Fraudulent Offers
A 50-year-old woman from Medina, Ohio recently suspected that she needed to file bankruptcy after accruing about $60,000 in debt. The woman, a paralegal in the area, had also received six different offers in the mail from companies offering to settle these unwanted debts. Soon after, she relayed her concerns of receiving these personal offers in the mail to the Cleveland Bankruptcy Attorneys at Cleveland Bankruptcy Attorneys. The Cleveland Bankruptcy Read More
Should I Consolidate My Credit Card Debt?
When you are making hundreds of dollars worth of credit card payments each month, it’s easy to feel like you’re in over your head. You may be searching for any easier way to deal with your debt or to make your payments more affordable. You may be exploring your options and asking yourself, “Should I consolidate my credit card debt?” That question isn’t always simple to answer. Pros and Cons Read More