When you miss a mortgage payment the steps to foreclosure begin. You get a notice in the mail from your lender that you have missed a payment. If you don’t make this payment then that is when the mortgage company starts calling you and formally declare that you are in default. This is how foreclosure [...]
Okay, we all come into debt at some point or another, and no matter how much debt you have you still want to get rid of it. If you live in the Chicago Area you are in luck. There are many debt solutions businesses that ae offered in the area that can assist you. These [...]
Bankruptcy may seem like an end-all answer to your financial problems, but it is not all what it is chalked up to be. Filing for chapter 7 bankruptcy can leave your credit in pretty bad shape. In fact, depending on the severity of your claims, your credit could drop 200-250 points and take years to [...]
Filing for bankruptcy can be a very stressful experience depending on what is ailing you financially. Afterward you are liable to feel relieved, but drained. You should start planning for life after bankruptcy as soon as you feel up to it because if you don’t you are much more likely to fall back into the [...]