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Many people are aware that payday loans are a bad idea, but they continue to use them anyway. Why? Fast cash. Where else can you get a few hundred dollars in just a few hours – with no credit check? Payday loans may seem like a great way to pay for unexpected expenses or buy groceries until payday comes along.  Read More

Most people have had times in life when they’ve been in “financial trouble” to some degree. That term can mean many different things depending on who you’re talking to, but none of them are positive. Sometimes, you never really know how close you are to being in trouble, where one or two missteps could turn your financial world upside down.  Read More

The situations that require people to file for personal bankruptcy are extremely stressful. There are many reasons why people may find themselves in a financial black hole: unemployment, severe illness, and divorce being just three reasons why someone may be unable to repay their creditors.  Read More

Re-establishing your credit rating after declaring personal bankruptcy can be difficult, but it’s not impossible. Your goal is to manage your money, avoid future bankruptcy, and restore your credit rating. Meet these goals by making, and following, a credit plan. You must make a plan to avoid having to file for bankruptcy again.  Read More

A number of factors determine length of bankruptcy proceedings. Income, size of family, and previous declarations of bankruptcy decide the date of discharge from bankruptcy. Even after you have been discharged, loans that were excluded from consideration in proceedings remain your responsibility.  Read More

You are considering bankruptcy because of unmanageable debt. In short, bankruptcy wipes out most debts. Collections are resolved, legal action from your creditors is stopped, and wages are not garnished (except support payments). A trustee is a licensed financial expert who guides you through bankruptcy proceedings.  Read More

Being saddled with student loans can make life difficult. When you’re out of college or university, you’ll likely already have a heap of regular bills to pay, and the monthly hit from a student loan payment on top of those isn’t a welcome addition. Your personal credit rating will also be tied to paying off your debts on time.  Read More

It’s a lesson everyone has to learn sometime – how to handle personal finances and money. And it’s one that children should learn at an early age, so as to better prepare them as they soon head out into the working world and have to independently manage their own finances.  Read More

Detroit's bankruptcy should motivate everyone, to think carefully about their financial choices. No one knows how Detroit will pull itself out of this tailspin. But at least we can learn these five things from the city's mistakes. During the 1950s, Detroit was one of the U.S.'s most prosperous cities.  Read More

Not everyone gets a steady paycheck. Some people, including business owners and those who rely on tips, have to live with fluctuating incomes that can make budgeting a little more complicated. These tips should make it easier for you to follow a budget, even if you can't predict exactly how much money you will make next month.  Read More