Identity- 5 steps to protect it

Experts estimate as many as 15 million U.S. residents have their identities stolen each year, costing Americans an estimated $50 billion. Another 100 million have their personal information placed at risk when it is stolen or lost by the government or other businesses. Unfortunately, identity theft has become one of the most costly and pervasive crimes plaguing U.S. adults.

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Can we file bankruptcy on mortgage debt?

It’s not unusual for a couple or family to purchase a home only to have the unexpected occur: illness, job loss, unexpected death. So what do you do when you have a home that you can no longer afford? Maybe you have tried to sell it but the market has fallen flat? Maybe you bought it only to lose your job a month or two later?

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Co-signer on loans is mom. What happens in Chapter 7?

Young adults, now more than ever, are facing difficult financial times. Whether it’s high college loans, unexpected medical bills, the high cost of living, or simply not being able to find a job, many young adults are considering filing for bankruptcy protection.

Recently on our bankruptcy forum a user asked, “I am a 28 year old living in New York City. I graduated from college a few years ago with over $50,000 in school loans and $20,000 on my credit cards. I also have several unsecured personal loans and my mother is a co-signer. What will happen if I file Chapter 7 and will my mom be forced to repay the personal loans?”

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Credit report will bankruptcy delete negative information?

Having a bad credit report and low credit score can make it difficult to buy a new home, purchase a car, get a job, rent an apartment and get a low interest rate on any type of loan. Recently on our bankruptcy forum a user asked, “I have had financial issues for the last five years. Unpaid bills, medical debt, and a judgment are all now listed on my credit report. If I decide to file bankruptcy does the bankruptcy filing erase all of these debts and allow me to truly start over?” Continue reading

New York wage garnishment what are my rights?

If you live in New York and have stopped making payments on your debts at some point your creditors may have the legal authority to initiate a New York wage garnishment. Recently on our forum a user asked, “I have not made a credit card payment in several months. Can the credit card company initiate a New York wage garnishment? If so, when can I expect the suit to be filed?”

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My credit report has someone else’s bankruptcy can you help?

According to the Federal Trade Commission (FTC) up to 25% of consumers have some type of error on their credit report which could affect their credit scores. A much lower percentage, however, have serious errors which could result in serious financial ramifications. With this in mind, it is critical that all consumers check each of their three credit reports each year.

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Car repossession help me!

Car owners, who fail to make car payments on a leased or purchased car, may wake up one day to find their driveway empty. Although car repossession should not come as a complete surprise to non-paying car buyers, some buyers seem surprised that the repossession can occur without a court-order or warning (assuming the buyer has defaulted on their loan agreement).

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