Six Reasons Why A Credit Card Makes Sense

Many personal finance experts strongly discourage people from using credit cards. After all, debt on personal credit cards adds up quickly, which in turn becomes a major source of stress. Although true, when credit cards are used wisely, they offer a wide range of benefits. Benefits of Credit Card Use Building Good Credit – If you currently have a low FICO score or have little to no credit history at all, using a credit card responsibly will improve your credit. Unlike debit cards that do nothing for improving a credit score, credit cards do. For example, if you filed for bankruptcy within...

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The Truth about Credit Card Offers

More than likely, you have received credit card offers in the mail. Surprisingly, even people with poor credit receive these offers. The fact is that more credit card offers are made to people who have filed bankruptcy than those without much debt. Remember, it is all about the money for credit card companies, which make the most money from people who maintain high balances and pay late fees on a consistent basis than those who pay off balances each month. A common thread among people who have gone through a bankruptcy filing is a high credit card balance. To credit card companies, they...

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Which Insurance Do You Need? Our Norwich Bankruptcy Attorney Has the Answers

Choosing the Right Insurance According to the latest statistics, as much as 60 percent of all bankruptcies are the result of unexpected medical bills. In one particular study, data from the U.S. Census Bureau, federal court system, Centers for Disease Control and Prevention, and the Commonwealth Fund were analyzed. The analysis showed that roughly 2 million people file bankruptcy every year. To protect your loved ones, as well as your home, assets, and even health, it is imperative to have a solid financial plan in place. So many of the clients we see in our Norwich bankruptcy...

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Norwich bankruptcy lawyers’ tips for dealing with collection calls

Are you tired of feeling stressed each time the phone rings, knowing a collection company is on the other end? If so, you’re among millions of people facing the same dilemma. To get collection companies to stop calling, you need a viable plan, one that helps you determine priorities and gets you out of debt. As an example, if you have multiple creditors, you need to decide which one is most important. After prioritizing all your financial obligations, you need to consider which creditors you can afford to pay based on income. As part of that, you need to determine the amount you can...

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What Should I Do If I Have a Judgment Filed Against Me in Norwich?

Should I file for Bankruptcy in Norwich if I’m being sued? The only way you can be hit with a judgment is if a creditor has filed a formal lawsuit. If a lawsuit is filed, a notice will be sent to you. Once this notification has been received, it becomes imperative that you seek the services of a reputable Norwich bankruptcy lawyer. Keep in mind that if you take no action once a lawsuit is filed, more than likely the creditor will then go a step further in securing a judgment. What most people do not realize is that a creditor can collect on a judgment over a 10- to 20-year span, which...

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Can you answer YES to any of these questions?

Are you being burdened with any of these scenarios? Can you answer YES to any of these questions? If you answer yes to any of these questions then we can help! Are collection agencies constantly harassing you? Is your mailbox full of overdue notices? Are you using one credit card to pay off another? Has your vehicle been repossessed? Has someone sued you and won? Did your “ex” leave you with all of the bills and only half the household income? Are your total bills as much as you make in a year? Were you laid off from your job and now not working or working for less pay? Have you thought...

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