Homeowners who are having trouble paying their mortgages have several options to avoid foreclosure. The homeowners could take advantage of any of these options before or after their lenders file foreclosure complaints. The most frequently chosen option is a repayment...
Month: October 2014
How to prioritize and effectively manage debt
Some debts are effectively good debts while others are bad. People in Ohio could benefit from knowing which debts to prioritize first; in certain situations, it may be handy to invest extra money instead of paying off consumer debt. Debt that comes with a high...
How older Ohio residents can deal with debt
According to the Federal Reserve in New York, two million Americans over the age of 60 have an outstanding student loan balance. Overall, the amount of student loan debt owed by those over 60 is $43 billion. This is up from just $5 billion in 2005. Statistics from a...
Families can fight against medical debt
Medical bills account for a huge percentage of debt for many Ohio families, and in some cases these overwhelming bills can pile up and lead to potential bankruptcy filings. This does not have to be the case, however. Most doctors and hospitals have instituted protocol...
Chapter 7 and Chapter 13 bankruptcy in Ohio
Individuals who file for bankruptcy may have the option of either filing for Chapter 7, which discharges debts, and Chapter 13, which reorganizes debt. Both types of bankruptcy require credit counseling no more than 180 days before filing, and both types also affect a...