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Archive for ◊ May, 2014 ◊

Lighthouse Point, FL (PRWEB) May 14, 2014

Debt Management Credit Counseling Corp (http://www.dmcconline.org), a nonprofit 501c3 organization (DMCC), announced today that 88 students in the Allied Health Program at Port Saint Lucie Centennial High School in Port Saint Lucie, Florida, recently completed its proprietary online financial literacy program Debt Money amp; Credit Concepts. This is the eighth consecutive year DMCC has supported this school by providing financial literacy education to its students. As a reward for their efforts, DMCC presented Certificates of Completion to all of the students that completed the program and $25 gift cards to the three students with the highest grades.

Teachers count on us to help introduce and teach their students financial topics, so they include us in their curriculum, said Jason Athas, Manager of Educational Programs at DMCC. High school seniors benefit from the program because they are just turning of age to obtain credit. Making sure they know how to handle that responsibility is critical for their future. College students also benefit, as many of them are actually living their financial lessons. How a college student uses credit can make or break their financial future. We teach the fundamentals of good credit, knowing that some college students have already learned the hard way from their short experience with credit cards. We want to make sure they understand about credit from the start.

DMCC has been providing its proprietary financial literacy course, Debt Money amp; Credit Concepts, to students in high schools and colleges throughout South Florida for over 10 years at no charge. The course is designed to teach basic financial education that will help students manage their personal finances and make informed financial decisions. Florida educators in high schools and colleges are encouraged to take advantage of this free service. To schedule a seminar or learn more about the DMCC financial literacy program, contact the DMCC Education Department by calling 954-418-1466 or sending an email to education(at)dmcconline(dot)org.

About Debt Management Credit Counseling Corp.

DMCC is a 501c(3) nonprofit organization committed to educating consumers on financial issues and providing personal assistance to consumers overextended with debt. Education is provided free of charge to consumers via seminars, workshops, a proprietary financial literacy program, and a vast array of online and printed materials. Free personal counseling is provided to consumers to identify the best options for the repayment of their debt. Consumers interested in speaking with a DMCC Certified Credit Counselor may call (866) 618-3328 or request help at http://www.dmcconline.org. DMCC is a HUD Approved Housing Counseling Agency, is approved by the US Trustee to provide bankruptcy counseling and education, and has an A+ rating with the Better Business Bureau.

Read the full story at http://www.prweb.com/releases/debt_management/credit_counseling/prweb11849359.htm

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Bankruptcy: The Foreclosure Kill Switch
Saturday, May 31st, 2014 | Author:

9.1 million homeowners are grappling with being seriously underwater (owing at least 25 percent more than their homes are worth) in an economy in which the average familys earnings are stagnant or dropping. With banks and other lenders frequently unwilling or incapable of providing real solutions such as principal reductions to keep homeowners in their homes, more and more families are faced with foreclosure. However, when lenders refuse to approve loan modifications and other solutions, borrowers have one final option: bankruptcy, the foreclosure kill switch.

Personal bankruptcies come in two flavors: chapter seven, a liquidation of all unsecured debt, and chapter 13, a reorganization which helps filers pay back their debts on a repayment plan. Chapter seven is generally reserved for low income debtors with little or no assets, and chapter 13 is for debtors with regular income. Chapter seven filers receive a temporary halt to foreclosure, while chapter 13 filers can often freeze the foreclosure action as long as they make their bankruptcy plan payments. However, chapter 13 plan payments often demand a high percentage of families income and frequently prove challenging to keep up with. In either case, mortgage holders can voluntarily approve a loan modification at any time to keep a family in their home.

When a borrower files bankruptcy, an automatic stay is immediately put in place and creditors cannot proceed with foreclosure or other actions without the bankruptcy courts permission. Nevertheless, bankruptcy is not a panacea and typically provides only a temporary reprieve. Filing bankruptcy is similar to receiving immunity on TVs Survivor, enabling a contestant to live through the next Tribal Council, but not ensuring that they win the game. Similarly, filing bankruptcy enables a family to withstand the next foreclosure sale, but typically does not provide a long-term solution to their housing dilemma.

Bankruptcys kill switch is a powerful tool in consumers hands and can provide leverage against lenders who repeatedly deny loan modifications, or offer negative modifications which worsen borrowers predicaments with payment increases and/or principal enlargements. Many modifications have been completed with principal enlargements rather than principal reductions, typically to the detriment of homeowners.

So, what does a family do when their lender denies a loan modification and instead insists on foreclosure? File bankruptcy. What happens a few months later when the lender has received relief from the stay and has court permission to reschedule the foreclosure sale? The homeowner files bankruptcy again, and again and again, sometimes deeding the property to other people or entities to circumvent laws designed to prevent serial bankruptcy filings. An unclassified report issued by the Federal Bureau of Investigation and US Trustee Program concluded with high confidence that as mortgage loan defaults and foreclosures increase, delinquent homeowners will become increasingly vulnerable to fraudulent foreclosure rescue and loan modification schemes that exploit the US Bankruptcy System. The report goes on to detail the substantial prison terms which many foreclosure rescue operators have received for coaching desperate families through multiple bankruptcy filings as a means to stay in their homes in the hopes of receiving loan modifications. Serial Bankruptcy Filers are outlawed, but shouldnt Serial Loan Modification Deniers be outlawed as well? Certainly, many of the serial bankruptcy filings would not occur if all of the serial loan modification denials did not occur in the first place. Sadly, the Serial Loan Modification Deniers include all the nations biggest banks, the too big to fail institutions which also appear to be too big to prosecute. They get fines, yes, but they treat these as a cost of doing business and, all the while, families in need of modifications continue to be denied for one program after another, only to eventually be faced with a horrific choice: file bankruptcy or lose their home.

What is the solution? A recent study in the Florida Law Review found that bankruptcy filings delay foreclosures but are not generally effective in curing payment defaults, especially when compared to modifications negotiated outside of bankruptcy, which are highly effective. Thus, the solution is substantial loan modifications which drop payments to an affordable level and reduce principal balances to an amount in line with current values. If the Serial Loan Modification Deniers cannot deliver these solutions, then they should sell these mortgages to American Homeowner Preservation or other entities more willing to modify and leave the families be where they should be — in their homes.

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And, for good measure, Microsoft has more cash at hand that Uncle Sam does. That’s the finding from US Trust at least, that the two companies, along with several others, have more real moolah available to them than the government itself does. It’s a very fun number, to be sure, but it’s not quite right for a number of economic reasons. It’s true that when you look at the balance sheets then Apple, say, has $160 billion in cash available, that Microsoft Microsoft has a little under $85 billion and the Treasury only has $49 billion to hand to keep the government working. But it’s not really true for a couple of reasons that we’ll get to. Here’s one report on it:

Apple Apple has three times as much cash on hand as does the US government, and over twice as much as does the UK.

These figures come to us from the Bank of Americas Bank of Americas wealth-management arm, US Trust, as reported by London’s the Telegraph.

In its most recent quarterly SEC filing, Apple reported that it had $158.8bn (pound;94.9bn) in cash and cash equivalents plus short- and long-term securities. US Trust reports that the cash-strapped American government has reserves of just $48.5bn (pound;29bn).

So we could say that the companies have more cash than the government, true. But now for the two reasons why they don’t really.

The first and most obvious being that the government has entirely unlimited amounts of cash. Because they’re the people that create it. So, if they need more they can just go make some more. Yes, obviously they can just print more dollar bills but they’ve another way which is the simple creation of new electronic money. The Fed just says, hey, look, we’ve changed our minds about how much cash we’ve got and there’s another $100 billion in the drawer. This is, at heart, what quantitative easing is. Said Fed just invents some more money and goes out and buys bonds with it. This raises the price of/lowers the yield on those bonds and thus lowers long term interest rates which is the point of the exercise. So it’s difficult to state, with any real meaning, that the government has any shortage of cash, or even any known and limited amount, given that they can and do create as much as they wish whenever.

The second reason the number isn’t quite true is that the companies aren’t keeping their money in cash, or not much of it. It’s almost all invested in short term securities. Some of it in commercial paper but the majority in short-term Treasuries (bills and notes rather than bonds). For the numbers being reported there are actually not of cash, but of cash and near cash items. And short-term Treasuries, being perhaps the most liquid market in the world, do count as being pretty much cash, or “near cash” in the jargon, for such reporting purposes. We could, at this point, suggest that the Treasury actually has a negative amount of cash because the amount it appears to have is less than it owes Apple and Microsoft in those short-term Treasuries.

Which brings us to a final point, one more theoretical. Which is that the US government doesn’t have any cash at all. Because it has borrowed hundreds of billions at least in those short-term Treasuries. Which is an amount very much larger than the amount of cash it is recorded as having. And if we’re going to count the Treasuries owned by Apple as cash (which we are) then we ought to treat the Treasuries owed upon by Uncle Sam as negative cash. For we really do have to apply the same accounting treatment to the same assets all the time otherwise we’ll end up in the most dreadful muddle.

Which is where we seem to have ended up anyway, in a muddle. For, depending upon how we set our definitions we can say that Apple and Microsoft have, each of them, more cash than the US government, or that the government has an unlimited, inexhaustible, amount of cash, or finally that it has a negative amount of it. That last point meaning that if you’ve got one single dollar bill and no debts then you’ve got more money than the Feds. Which is a very strange way of looking at it but still, from a certain angle, a true one.

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How to establish credit after your spouse dies
Friday, May 30th, 2014 | Author:

Still living off credit cards? Cant figure out how much you could or should spend? Need to save for retirement? Deborah McNaughton, a Placentia credit expert, financial coach and author of “Money Trouble: Surviving Your Financial Crisis,” is here to provide her financial advice.

Q. My husband died several years ago. All the credit cards were in his name. I went to apply for a new credit card and was denied the credit. I made all the payments on these cards but my credit report said No record found.” What can I do to get new credit?

A. I am sorry for your loss. Unfortunately with the death of a spouse, many times the one left behind has no clue about their finances since the other one was handling them. It may take some time to unravel. I recommend that both men and women that are married establish credit in their own name.

Check to see if any of the credit cards that your husband had were joint accounts with you. If they were, contact the credit card company and instruct them to report this to your credit report. If none of the accounts were held jointly you will have to start all over in re-establishing your own credit.

If you have no credit in your name, go to your local bank and see if it offers a secured credit card program. You can also check with www.bankrate.com to see what banks offer secured credit cards.

A secured credit card is a Visa or MasterCard that you get from a bank after you make a security deposit. I would recommend that you get two secured credit cards and charge small amounts each month. Pay the full balance off every month.

You will then build a good payment history which will be reported on your credit report. Always make sure you pay your payments on time. In six months to a year request that the bank issue you an unsecured credit card in place of the secured credit card.

This is not an overnight process, however if you continue to make your payments you will eventually be able to get new credit.

It is important that every woman whether married or single have credit in her own name. Should anything ever happen to your spouse and your credit is in your spouse’s name, you may not be able to establish credit for yourself. This is especially true if you are a homemaker who is suddenly widowed or divorced with no job or income.

For more on solving credit and debt problems, see my website: financialvictory.com

Do you have questions about credit, dealing with debt or budgeting? Send your questions to moneymatters@ocregister.com with “credit question” in the subject line. Please include your name and a phone number where you can be contacted; they will not be published.

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Las Vegas residents were hit particularly hard by the Great Recession. Unsurprisingly, the average Las Vegas credit score rests at just 647 – 34 points below the national average. If you were one of the many whose credit suffered in recent years, you might be able to bring yourself back up with a credit card. Here are the five best credit cards for rebuilding credit in Las Vegas.

1. Capital Ones Secured MasterCard

The Capital One Secured MasterCard comes with a free CreditInform membership. This service allows you to monitor your credit and track your progress while limiting your risk of identity theft. Also, this card, like all others on this list, reports to the three major credit bureaus.

The initial deposit is a refundable $49, $99 or $200, depending on your creditworthiness. There’s also an annual fee of $29, which is on the low end compared to other similar cards.The APR on purchases is a variable 22.9%, putting it on par with others.

This card comes with an initial credit limit ranging from $200 to $3,000. As you’re focused on rebuilding credit, not becoming the highest roller on the Las Vegas Strip, that should be all you need. That said, the limit can be increased over time with responsible use of the card.

Note that Capital One has the least-confusing terms out there. This can be an excellent feature if complicated terms on other cards have hindered your ability to manage your credit in the past.

2. CreditOne Banks Platinum Visa

The CreditOne Bank Platinum Visa comes with free, monthly credit tracking and offers rewards in the form of 1 percent back on gas purchases. As an added bonus, there’s no initial deposit required.

However, the annual fee can range from $35 to $99, depending on your credit. The purchase APR is variable and currently ranges from 17.9 to 23.9%, which is normal for this type of card. The minimum credit line is $300, which should be plenty if youre predominantly using this card to strengthen your credit. If anything, the tighter limit might help curb any excess spending that is contributing to your weak credit.

3. First Progress Platinum Prestige Secured MasterCard

The First Progress Platinum Prestige MasterCard is very easy to qualify for; there is no minimum credit score requirement.

This card’s purchase APR is very low for a secured card, at a variable 11.99%. The annual fee is a bit steep, at $44, and your initial credit limit will be a reasonable $300 to $2,000. This is a no-frills credit card that does exactly what you’re looking for in terms of rebuilding your credit.

4. First Progress Platinum Select Secured MasterCard

The First Progress Platinum Select MasterCard is another card thats easy to qualify for with a very attractive, variable 14.99% APR on purchases. And the annual fee is lower, at $39, although you will have to secure your credit with an initial deposit of at least $300.

5. OneUnited Banks UNITY Visa Card

The OneUnited Bank UNITY Visa card is great if you’re the risk-averse type and just trying to rebuild your credit. It comes with a 17.99% purchase APR that is fixed through the expiration date, meaning it won’t change with market conditions during the time of use. Also, at $39, the annual fee is fairly reasonable.

This card offers a credit limit ranging from $250 to $10,000, which is more generous than most secured credit cards. Just be sure to select a limit you’re comfortable with so you don’t feel tempted to splurge.

The Bottom Line

With the mentioned credit cards, your economic woes can finally become just an unpleasant memory. The Capital One Secured MasterCard is the best all around card to rebuild credit due to its simplicity, but the CreditOne Bank Platinum Visa comes in a close second with its gas rewards. The others will suffice, as well, so be sure to get your finances back on track by obtaining a secured credit-building card.

Photo credit: commerce bank card 3

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Ask an expert: Bad credit issues (Part 2 of 2)
Thursday, May 29th, 2014 | Author:

Q: Steve, I know you used to practice law, so I am hoping you can help me. I went to get a loan for my business, and my personal credit showed a lien against me for $30,000! I know I dont owe anyone anything like that amount of money. So I didnt get the loan AND I have bad credit. Do I need to hire a lawyer, or what? — Al

(Part 2 of 2)

A: In my column last week, we began looking at how credit affects your business and how to find out what is on your credit reports. This week, I want to discuss how to get the credit and capital you need for your business.

As I mentioned, the first step in increasing your creditworthiness is to pull and review your credit reports. There are many reasons to do this regularly:

First, it allows you to find and correct mistakes on your credit report. I was recently on a panel with credit expert Jeanne Kelly, and she said that she had never seen a personal credit report that didnt have at least one mistake on it. That is quite a remarkable statement, but, in actuality, maybe not surprising. Every month, creditors list more than one billion pieces of credit information to Americans credit reports, and given that volume, mistakes are bound to happen. So you want to look for items on there that are not yours, such as debts that are not yours being reported as yours or omissions of your good payment history.

Also, regularly reviewing your credit history alerts you to potential identity theft problems.

Regular reviews also allow you to discover dated items that should be removed. Other than a past bankruptcy (which legally can be reported on your credit for 10 years), anything older than seven years should not be on your credit history. That means that if you went through a tough time last decade and maybe have some late payments to your name, legally they cannot be part of your credit report after seven years. The same of course is true for positive listings over seven years old.

Make a list of the old and wrong information, and send the credit-reporting agency at question proof. They have to either confirm the debt (if you dispute its accuracy), or delete it. Old items should be deleted without question.

The point of all of this monitoring is to make sure that your personal and business credit reports accurately reflect that you and your business pay bills on time, because once you show that, that also shows potential lenders and investors that your business is a good risk. The likelihood that you will get the credit you want grows with each positive entry on your credit report.

Next step: Create even more good business credit. Too many small businesses make the mistake of commingling their personal and business credit and debt. While understandable at the beginning of an enterprise, it is a mistake that should be corrected pronto.

So, with your separate taxpayer ID number and DUNS number, go get credit in the name of the business. Get some revolving trade credit. Get a business credit card — secured or, better, unsecured. Take out a small loan from your bank.

And then keep paying the debts back in full and on time.

Once you have done all of the above, you will really be in position to get even more credit, and on even better terms.

Finally, get to know your banker and help him or her to understand your business, your dreams and plans, and how getting credit fits in with those goals. Lenders want to lend you money. The easier you make their job, the easier they will make yours.

Steve Strauss is a lawyer specializing in small business and entrepreneurship. E-mail steve at sstrauss@mrallbiz.com. His website is TheSelfEmployed.

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5 Credit Cards for Boosting Your Credit in Chicago
Wednesday, May 28th, 2014 | Author:

Your credit score is more than just a three-digit number, its an indicator of credit health that helps you qualify for loans and get the best interest rates.

Credit is crucial to financial stability; but unfortunately, some consumers downplay the importance of maintaining a high score. Experians 2013 State of Credit report ranks the worst and best credit scores among the largest US metro areas. And, based on the latest report, the average credit score in Chicago is 687.

Its not the most impressive credit score, given that credit scores range from 300 to 850. However, its certainly high enough to qualify for a mortgage and other types of loans.

Of course, this score is only an average; and while some residents have already taken steps to achieve a stellar credit rating, others need help.

Fortunately, help is available. If you need to revive your credit score, here are the five best credit cards for rebuilding credit in Chicago.

1. MB Financial Banks Secured MasterCard

This credit card is an excellent tool for rebuilding or establishing credit; however, its more than just a credit-building card.

As a rewards card, youll earn one point for every $1 you spend with your MB Secured MasterCard, plus 5,000 bonus points if you make a purchase within 60 days of opening an account. Points are redeemable for cash back, gift cards, travel and merchandise. Youll enjoy a credit line between $500 and $3,000 based on the size of your security deposit. The purchase APR is 17.90%.

2. US Banks Secured Visa

Apply for the US Bank secured Visa card and take control of your credit history. With a minimum security deposit of $300, youll receive a credit line of equal value plus the chance to demonstrate your creditworthiness.

This credit card offers a variety of cardholder perks, such as zero-fraud liability, auto-rental insurance, free online banking and bill pay, as well as FlexControl to help you avoid late fees. This card comes with an APR 20.99% for purchases and a $35 annual fee.

3. The BankAmericard Secured Credit Card

Between security deposits, start-up fees and activation fees, secured credit cards can be expensive. Its a different story with Bank of Americas secured credit card. Apply today and rebuild your credit with no activation or application fees.

The bank offers a generous credit line of up to $4,900 based on your security deposit and income. After 12 months of responsible card use, you might qualify to have your security deposit returned. The standard APR for purchases and balance transfers is 20.24%, and theres a $39 annual fee.

4. Capital Ones Secured MasterCard

Not only does this credit card feature a fair 22.90% APR and a low $29 annual fee, you can apply with no processing or application fees.

Enjoy a credit line up to $3,000; and as a cardholder, there are a variety of tools to help you monitor and manage your score and history with this credit card.

5. First Progress Platinum Elite Secured MasterCard

Whether you have no credit history or a low credit score, the First Progress Platinum Elite secured card can get your credit life on track. Use your card for any purpose, such as renting a car, grocery shopping or reserving a hotel with a credit line between $300 and $2,000.

And, since the bank updates credit reports monthly, paying your bills on time and maintaining a low balance can build or rebuild your credit history sooner. The credit card features an annual purchase APR of 19.99% and charges a $29 annual fee.

Photo credit: MoneyBlogNewz

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If you’re looking to rebuild credit or improve your credit score, it can be hard to know which credit card to apply for. You might not qualify for a competitive interest rate on an unsecured card and might be struggling to find the right secured credit card that fits your needs.

Luckily, we’ve researched credit cards for New York City residents that offer low rates and some handy additional features that make them perfect if you want to rebuild your credit.

Municipal Credit Unions Secured Visa

Obtaining a secured credit card and making on-time payments is an excellent way to rebuild your credit. But many secured credit cards charge you an annual fee.

This is not the case with the Municipal Credit Union Secured Visa, which has no annual fee and a low 11.90% APR on purchases. You select your credit line, ranging from $300 to $5,000, and deposit that amount into an account with the credit union.

The funds will be held in a dividend-earning 18-month Secured Visa Share Certificate account. Even though you cant access these funds, t’s good to know that you can actually earn interest on your deposit with this account.

Family First Federal Credit Unions Share Secured Visa

Family First Federal Credit Unions Secured Visa card is designed for members looking to establish or rebuild credit.

The card has no annual fee and offers a low interest rate on par with unsecured cards, at 10.40% APR. In addition, cardholders also get free travel accident life insurance coverage of $250,000.

Family First Federal Credit Union provides credit reporting to the three major credit bureaus, so you can be assured that when you make your payments on time your credit history will improve.

Capital Ones Secured MasterCard

The Capital One Secured MasterCard is somewhat of a hybrid between a secured credit card and a traditional, unsecured credit card.

Like a standard secured card, you need to deposit funds as a security against your credit line. How the Capital One card differs is that, depending on your creditworthiness, you can be given a credit limit higher than your original security deposit. So with a minimum security deposit of $49, you can receive $200 of credit. Deposit more and your limit increases, up to $3,000.

The card does come with an annual fee of $29, and an APR of 22.9%, which is the highest of the cards highlighted.

Bank of Americas BankAmericard Secured Credit Card

New York City residents wanting to build credit will love this card. Bank of America actively shares your credit information with the three major credit-reporting agencies – helping you rebuild your credit with responsible use.

And, if after 12 months your credit score has improved, you can apply to have your security deposit returned and your credit card upgraded to a regular, unsecured card.

Bank of Americas secured Visa comes with a low $39 annual fee and a 20.24% APR. You can apply for a credit limit between $300 and $4,900.

A great benefit of being a Bank of America cardholder is that you get free entry to a range of attractions around the country through the Museums on Us program. In New York City, cardholders can get free access to the Metropolitan Museum of Art, the Bronx Zoo and the New York Aquarium, among others.

Wells Fargos Secured Card

The Wells Fargo Secured Visa card is a great option if you are looking to establish or rebuild credit. All permanent residents are eligible to apply and it doesn’t matter whether you have poor credit or no credit history to speak of. And, with plenty of branches and ATMs across New York, it’s easy to manage your Wells Fargo card responsibly.

Once accepted, cardholders will need to deposit an amount ranging from $300 to $10,000 into a non-interest-bearing account, which then acts as security against your credit limit.

The card comes with an annual fee of $25 and an 18.99% APR on purchases. Cardholders also have access to free online credit education programs to help them manage their credit wisely. In addition, Wells Fargo will periodically review your secured card account to determine if you are eligible for an unsecured card and to have your security deposit returned.

Photo credit: Sean MacEntee

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Dear Lets Talk Credit,

What is the difference (impact on credit rating) between debt settlement and bankruptcy? My wife and I have $90,000 in credit card debt across five companies and are unable to handle the monthly payments.

– Eric

Dear Eric,

Bankruptcy will generally cause the most damage to your credit report. Chapters 7 and Chapter 11 bankruptcies remain on your credit report for 10 years from the date filed. A Chapter 13 bankruptcy will remain on your report for seven years from the date of filing. The accounts associated with a bankruptcy or debt settlement are removed from your credit report seven years from the first date of delinquency.

Begin by consulting with a nonprofit credit counseling agency member of the Association of Independent Consumer Credit Counseling Agencies or the National Foundation for Credit Counseling. You may qualify for a debt management plan, which could allow you to repay your debt with an affordable monthly payment that would not damage your credit like debt settlement or bankruptcy.

If you dont have enough income for a debt management plan or decide that you would rather pursue another option, keep in mind that debt settlement will likely require you to make a lump sum payment to settle the account. For most people, that would require stopping all payments on accounts and saving money until you have enough to make a settlement offer. In the meantime, your credit will be damaged and you could be sued in court by your creditors.

Filing bankruptcy can be costly. Chapter 7 bankruptcies are limited by strict income requirements. A Chapter 13 bankruptcy would require you to repay at least a portion of the $90,000 that you owe to your creditors over a five year period. The judge will decide how much of your income will be required to repay your creditors based on the bankruptcy laws that apply in your state.

If you are interested in exploring debt settlement or bankruptcy options, I recommend that you consult with an experienced attorney.

The key to moving on from this large debt and the consequences it brings is to avoid accumulating that much debt again in the future. Be sure you have a plan moving forward to prevent accumulating debt, and put aside savings for emergency and unexpected expenses.

Lets keep talking!

See related: 8 myths about settling credit card debt

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Recent studies have shown that many people believe declaring bankruptcy Omaha is an answer to money issues.

Omaha, NE — (SBWIRE) — 05/14/2014 — The only way to avoid some of the negative impacts is to be sure to get help from the best company in bankruptcy Omaha has to offer.

In order to find the best bankruptcy company, research needs to be done. Filing for bankruptcy is a huge, life changing decision and the right company can make all of the difference in the world.

Recently it was discovered that even with information at hand with modern technology, many people have misconceptions about bankruptcy. People believe they could lose their job if their company finds out they filed. They believe they can lose everything they own and many other things. When considering filing for bankruptcy, find a company that can blow the misconceptions away and guide anyone in any situation through the steps.

Bankruptcy is a complicated process and only the best companies know all of the details that go into the paperwork, court hearings and technicalities. I was hoping I could get it all done by myself to save money and not pay for these services – but I was so wrong. This is a serious process and you really need to know a lot in order to do it right – says Mario Stehpens, a happy customer.

Find a company with experience, knowledge, and a proven history and track record in order to secure the best experience with any bankruptcy case. When filing for bankruptcy Omaha has plenty of companies that can help, but only one company is the best at guiding people through everything step by step.

About Gamm Legal Services LLC
Gamm Legal Services LLC is a law firm that specializes in helping people understand their options when it comes to filing bankruptcy in Nebraska and Iowa.

For more information on this press release visit: http://www.sbwire.com/press-releases/gamm-legal-services-llc-strives-to-become-the-best-bankruptcy-service-in-omaha-507101.htm

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