Archive for May 2021
If an Account is Charged Off, Do You Still Have to Pay It?
If you’ve followed the advice to check your credit report on an annual basis you might have found some accounts that have been marked as “charge-offs.” You may already know that this means the account has been written off on the original creditor’s taxes. The primary creditor has chosen to avoid pursuing the account. Unfortunately,…
Read MoreWhen Does It Become Absolutely Critical to File for Bankruptcy?
When your finances become tight there is certainly a point where you might be able to get out of debt without filing for bankruptcy. There are various methods, from paying down the debt with the highest interest rate first, to Dave Ramsey’s “debt snowball” method. Yet there are some times when it becomes absolutely critical…
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