By Radell
If the economic downturn has affected your ability to pay your credit card debt---and you live in Oklahoma---then you should know what the credit card judgment laws are for your state. For instance, all states have a statute of limitation, creating a time limitation for any collector desiring to file a lawsuit due to an unpaid credit card debt. Oklahoma's statute of limitation is 3 years....
By Lars Tramilton
In real estate, short sales are when the lender will take less than the total amount due for the home. Short sales are alternatives to both foreclosure and bankruptcy, and are for people who cannot afford to make their mortgage payments anymore. However, not all mortgage lenders will accept discounted payoffs or short sales. Oftentimes, it seems to be more sensible just to foreclose on the house. ...
By Serena Makofsky
There are the nice long-term goals in life that include developing a six-month emergency fund, but sometimes there comes a need for immediate cash today. If you find yourself in this situation, you are not alone, and there are several strategies you can put into action to get cash by nightfall. Steer clear of the scams that get you further in the hole--like cash advances and payday loans--and try ...
By Ysabel Doran
Making and saving more money can be simple. However, when you're continually burdened by more bills than you can pay, it's hard to believe that simple changes in your daily money habits will do much to ease your money woes. It's true that personal finance problems are usually multifaceted, and the sums of money involved can seem overwhelming. However, if you break your spending...
By Sawyertech
Your credit score affects nearly every public aspect of your life. Want to buy a car? You need good credit. Applying for a new job? Many employers do a credit check. Renting an apartment or buying a house? Expect your landlord or loan officer to know your credit score.
The tricky part is, in many ways you need to have good credit to get good credit, since your credit rating is basically an...
By Jonae Fredericks
If you are consumed by credit card debt and paying high interest fees on a number of credit cards, you may want to think about consolidating. Transferring the balances of several cards onto a new card with a lower annual percentage rate can save money every month and relieve some of your financial stress. Moving your balances and paying a low balance transfer fee may be better in the long run...
By Rebecca Guerrero
In today's tough economic times, many companies as well as individuals are finding it more and more difficult to stay afloat. Because these companies or individuals feel they are being overwhelmed by debts they cannot repay, they find themselves facing the only way out--bankruptcy. Chapter 7, Chapter 11 and Chapter 13 are the three types of bankruptcy that many individuals and companies...
By Stephanie Mojica
There are many alternatives to bankruptcy for people who feel morally and legally obligated to pay their creditors but are financially unable to do so. Filing for bankruptcy, even in this challenged economy, has become more difficult in recent years. Thus, even those who feel they want to liquidate all their debts through bankruptcy may not be legally able to. There are fairly painless ways to...