Welcome to WordPress. This is your first post. Edit or delete it, then start writing! The post Hello world! appeared first on My Blog ..read more

Anyone can experience a financial calamity. You know this if you have been thrust into circumstances triggering personal bankruptcy. Once filing for Chapter 7 or 13 is complete, it is still possible to get back to a place of economic stability. Making the right decisions will rebuild your financial score. Verify that you are moving in the right direction by finding out your current ranking. Where to check credit scores Visiting a free credit-scoring site is a great way to unearth where you stand. Beware that some impose terms and conditions when using their services. Another method is getting ..read more

When recovering from bankruptcy, you might think that you should stay away from credit cards. This is especially true if credit card spending helped get you into debt in the first place. But you can still use credit cards even after filing for bankruptcy. And in fact, you should, because this helps build credit which is valuable for recovery. What is an unsecured card? Nerd Wallet examines secured versus unsecured credit cards. The traditional credit card that most people think of when they think of “credit cards” is actually an unsecured credit card. These cards work by the lending institutio ..read more

When you file for bankruptcy, one of your primary concerns may be your access to credit. While bankruptcy can affect credit, there are steps you can take to re-establish your financial trustworthiness. One place to start is with your credit reports. Nerd Wallet says that examining the credit report on a regular basis can help you spot errors. You can usually report inaccuracies so that the relevant authorities remove them from your record. While this step does not improve your credit overnight, it can help. Because bankruptcy has a significant effect on your finances, errors on your credit rep ..read more

Sometimes, people struggle with debt despite having a regular income. In such cases, in order to achieve a fresh financial start, debtors often consider options like filing for Chapter 13 bankruptcy. Understanding how Chapter 13 cases work may aid people in determining if this action will help them regain control of their finances. The eligibility requirements According to the U.S. Courts, to file for Chapter 13 bankruptcy, debtors must meet some eligibility criteria. These requirements include the following: Unsecured and secured debts that do not exceed the specified maximums No prior bankru ..read more

If your monthly expenses have increased recently, inflation is probably at least partly to blame. After all, between October 2020 and October 2021, the cost of consumer goods increased by more than 6%. While many economists believe the jump in prices is likely to be temporary, inflation may wreak havoc on your personal finances. By definition, inflation is a decrease in the value of currency. If your money is less valuable, you must pay higher prices for the goods and services you use regularly. Here are some other ways inflation may affect your financial situation. More debt If your wages hav ..read more

When your finances start to spiral beyond your control in Mississippi due to medical debt, credit card debt or other factors, you may start looking for ways to get your head back above water. You may question whether filing for bankruptcy might help you get a better grip on your financial affairs, but you may have questions about how the process works and how it might help you find relief. ‘ According to Quicken Loans, consumers who file for bankruptcy must do so through either a Chapter 7 filing or a Chapter 13 one. Chapter 7 bankruptcy filings If you do not have enough money to pay back at l ..read more

According to CNBC, medical debt is a factor in two-thirds of all bankruptcy filings. The prospect of damage to your credit score and personal finances because of medical debt can be almost as scary as the health issues that incur them. However, since 2017, there have been changes to the rules that govern how medical debt affects your credit score. According to AARP, the credit bureaus now give you a 180-day grace period before they list the medical debt on your credit report. Furthermore, once you or your insurance pays off your debt, the credit bureaus may remove it from the report, whereas m ..read more

Many in Mississippi may find that personal bankruptcy is their best option for overcoming their struggles with debt. Yet others should not prompt others to believe that this decision is an easy one. Indeed, those who file for bankruptcy (be it Chapter 7 or Chapter 13) may face long-term ramifications. One of these is the impact a personal bankruptcy has on one’s credit rating. While offering protection from further collection efforts for their current liabilities, bankruptcy inhibits one’s ability to take on more credit (such as a mortgage loan). This translates to the countless bankruptcy fil ..read more

When you receive a foreclosure notice for your Mississippi property, you may feel hopeless. Just remember, you have rights. Unlike what the notice may imply, you have the right to explore other options. However, you must take immediate action to see if you can secure another solution before time runs out. The right to negotiate You have the right to speak with your lender to try and reach an alternative agreement. Explain your situation and provide a persuasive reason for your inability to make timely mortgage payments. Perhaps you had an unexpected medical emergency. Maybe you lost your job ..read more