Tag Archives: dealing with debt

Unpaid Credit Cards, Now What?

By Posted in Personal Finances Tagged , , , , , , , , Leave a comment
If you've missed a credit card payment, your head is probably spinning with all the questions and concerns running through it. What will happen to my credit score? Will my creditors sue? Will I go to jail? Relax. While missing a payment is not ideal, it's not the end of the world. In this blog post, we'll discuss what happens with unpaid credit cards and what you can do to get back on track. https://www.youtube.com/watch?v=49UYv7-t-OU What Are The Consequences of A Missed Payment? If you have Read more [...]

Should You Focus on One Bill or Make Multiple Minimum Payments?

By Posted in Personal Finances Tagged , , , Leave a comment
As we've discussed often, debt can feel so overwhelming. If you owe money to multiple lenders, the situations gets even trickier. You only have so much money to use each month. Should you focus on one bill or multiple minimum payments? What's the best way to get the debt down? Always Make Your Minimum Payments One of the most important things that you can do to maintain good credit is make sure that you always make your minimum payments on time. It's not always easy. Sometimes it requires juggling Read more [...]

States Where You Can Go To Jail For Debt

By Posted in Personal Finances Tagged , , , 1 Comment
If someone asked me whether they could go to jail for debt, my first reaction would be "of course not." However, that's not exactly true. There are certain types of debt that can result in jail time. Moreover, there are loopholes in the law that allow people to go to jail for debt in many US states. Here is what you need to know. You Can Go to Jail For Debt: Taxes and Child Support There are different types of debt. If you owe taxes, commit tax fraud, or otherwise mess with the IRS, then you Read more [...]

How to Dispute a Debt

By Posted in Personal Finances Tagged , , , , , Leave a comment
The journey of saving and financial freedom is often met with debt. Debt comes in many forms. These debts hurt your credit score when they fall into collections. You should check your score regularly for accuracy. Sometimes reported debits can be misrepresented or added to your report in error. Follow along for how to dispute a debt on your report. What Debt Can You Depute Debts you incurred can not be disputed. They can, however, be negotiated down for smaller pay-off amounts. The Read more [...]