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Filing for bankruptcy allows you to get a fresh start when you can no longer pay your debts. For this, either flexible repayment plans can be made or your assets can be liquidated altogether. To navigate the legal labyrinth involved, however, you need to hire a competent bankruptcy lawyer.

Being in debt is like being in any other unfavorable situation. It starts with denial. Then, a wave of anger and feeling overwhelmed. The first step to getting on the road to recovery is acknowledging that you are in debt, and that the situation is ugly. You’re not alone; a whopping 80 percent of Americans are in debt. Even though there are many others in the same boat, it’s not a good place to be. Follow these steps to improve your financial situation and get out of debt.

If you've ever gotten turned down for a loan or a credit card that you thought you were going to get, you've probably asked yourself, "What were they looking at?" The truth of the matter is that lenders analyze several pieces of information before they decide to lend consumers money. Some lenders have automated systems that stop the application process before it even touches human eyes.

Are you drowning in debt? Are creditors harassing you day and night about your unpaid bills? You are not alone! More than 1.5 million people will file for bankruptcy this year. Will you be one of them? If you have exhausted all other efforts to repay your debts, bankruptcy is a viable option to start fresh. Seen as a drastic step by many, asking the court for help will put your life back on track.

A bad credit score can wreak havoc on various parts of your life. It can cause you to be denied for not just credit, but homes that you desire and jobs that you would adore. It's one of those things that can destroy your financial existence and eat away at any chance you have to rebuild your life. If you have poor credit, then you know what it's like to have something in front of you that you can't have because of a number.

If you are at the point in your personal finances where you are overwhelmed by this debt, you need to know that there are several solutions. The most popular is debt consolidation; however, there are several forms that this can take. The following are the pros and cons of each type.

 

In 2016, graduates had an average of more than $37,000 each in student loan debt. By 2017, Americans had accumulated more than 1.45 trillion dollars in student loan liabilities, and student loan debt isn't limited to the younger set. Many adults aged 40 and older have student loan debt, whether due to higher loan debts initially, or due to having to retrain later in life. Unpaid student loans can adversely affect your credit, which can hinder your ability to obtain housing, your available job prospects, your insurance rates, and more.

Foreclosure Attorney Savannah

The housing market in 2016 saw the lowest number of active foreclosures since 2006, and 55 percent of them originated between 2004 and 2008. Foreclosure starts in 2016 were down 78 percent from its peak level 2009, and the process from beginning to end takes an average of 803 days. This is a little over two years of stress and uncertainty that a homeowner will go through to figure out if they will be able to keep their home. The process is long and difficult, but it is possible to get out of it and keep your home.

rebuild creditYou may feel down if you are going through credit trouble at the moment, but you're not alone. The truth is that many people are struggling the same way that you are. Imperfect credit doesn't make you a bad person, it just makes you as fallible as everyone else!  However, you're going to have to raise your score and rebuild your credit if you intend to request something like a mortgage, apartment rental, car loan, personal loan or something else. The following information can help you to understand how to rebuild credit after the ramifications of certain actions, and it can explain how to rebuild credit so that you can start your journey of credit repair today. 

how to fix creditA bad credit score can wreak havoc on various parts of your life. It can cause you to be denied for not just credit, but homes that you desire and jobs that you might need. Worse, it’s one of those things that can destroy your financial existence and eat away at any chance you have to rebuild your life. If you have poor credit, then you know what it's like to have something in front of you that you can't have because of a number. Your biggest question right now is probably, "Can someone please tell me how to fix my credit?" Here are some ideas: