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October 2014 Archives

Massachusetts in top five delinquent loan ranking for September

When someone has a significant debt burden, that person may feel inundated by lenders and repayment plans. Oftentimes a payment may be difficult to make because of income constraints and high monthly bills. In Massachusetts, someone who is seriously delinquent on their loan may face harassing creditors. This can hamper both quality of life and financial freedom. For those who are seeking debt relief needs, bankruptcy can be an option to consider, especially when delinquent mortgage loan rates rank high in Massachusetts.

How do I keep credit card use under control?

Often when people are struggling with consumer debt in Massachusetts, one big concern is making sure more debt isn't piled on top of it. Sometimes, debt levels can be out of control and one of the few options is finding debt relief through bankruptcy. However, before taking such a drastic step, there are various strategies that can be employed to keeping credit card use under control. Some of those strategies are outlined below.

Personal bankruptcy: One option for overwhelming debt

There are many questions that you might have when faced with an overwhelming amount of debt. Financial challenges can be quite complicated for people living in Salem and Haverhill. There are wide gradients in loans, obligations and other forms of debt that individuals or families may take on. When those items get out of control and payment seems impossible, one option to consider is personal bankruptcy.

What is Chapter 11 bankruptcy?

There are a variety of different options for businesses who are struggling financially. In Boston, a person who owns a business may undergo financial difficulty from a downturn in profits or a seasonal business cycle. If someone is struggling with business debt, there are options available. One of those is Chapter 11 bankruptcy. But, what is Chapter 11 and what can it do for you?

Lenders garnishing wages across US and Massachusetts

One of the challenges of trying to eliminate debt is high interest rates, which in turn, creates higher balances. With the cost of owing money increasing, finding a fresh financial start can be difficult. Lenders have turned to practices of garnishing wages in Massachusetts and other states as people have fallen behind on payments. Debt relief options are available to those who are struggling with making payments, and they can help stop wage garnishment and address the root of the problem.