This year, the Department of Education has discharged (or canceled) over $9 billion in student debt, which is affecting hundreds of thousands of borrowers. So, what does this mean for your ITT Tech student loan? What Does This Mean For You? According to the Department of Education, "the U.S. Department of Education announced it will [...]
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Have you received a letter regarding an EDD overpayment? Are you unsure what an EDD overpayment is? You are not alone! According to the EDD, an overpayment is "when you receive an unemployment, disability, or Paid Family Leave benefit you are not eligible for. It is important to repay this benefit overpayment as soon as [...]
Do you own a small business with debt? Are you worried about how you are managing your business debt? Don’t rely on loans to get you out of debt. We have 5 tips that can help you deal with your existing business debt. 1. Evaluate Your Spending Having good money management habits will help you [...]
If you are struggling with debt, you are probably weighing your options to see what will work best for you. This is exactly what you should be doing. So, what should you do if you want to avoid bankruptcy, but your debt is overwhelming? 1. Do Nothing: While you can do nothing, it is important [...]
Have you been notified that your account is going to be charged off? You may not be sure what to do next. Here is what you need to know: What is a Charged Off Debt? According to Experian, a charge-off is a negative item that can appear on your credit report. It indicates that "a [...]
If you are in financial trouble and considering bankruptcy, you will want to discuss your situation in detail with a qualified bankruptcy attorney. This is especially true if you are receiving child support or receiving child support. Receiving Child Support You will need to speak with your attorney in detail about how these payments will be viewed [...]
If you are worried about your credit score in 2021, you are not alone. Many people have been struggling due to COVID-19 and their finances and debt are taking a hit. Here's what you need to know: What is a Credit Score & Why is it Important? This is a very important number to know. [...]
Are you considering filing for Chapter 7 Bankruptcy, but worried about what will happen to your business? Will your means of making a living be protected? Here's what you need to know: Sole Proprietor When you are a sole proprietor, your business and you will be treated as one. You are able to discharge the [...]
Do you have a cosigner on a loan? Cosigning is a common way to help someone with less than perfect credit. People cosign for different types of loans (car, mortgage, or student loan). But, did you know that when you cosign on a debt, you are equally liable for all payments? You become responsible for [...]
Are you behind on your mortgage? Do you or someone you know needs help stopping a foreclosure? Do not give up hope! According to the Consumer Financial Protection Bureau (CFPB), there are added protections against foreclosure in place through the end of this year. Here’s what you need to know: So, What Kind of Help [...]