If you have fallen behind with debt payments, the creditor may ask a court to garnish your wages. If the court agrees, it will tell your employer to pay part of your wages directly to the creditor to settle your debt. If your creditor is threatening to garnish your...
Major changes on medical debt announced by credit reporting execs
Many Americans – even those with health insurance – are drowning in medical debt. One long-term illness or serious injury can result in medical bills adding up to many thousands of dollars. The Consumer Financial Protection Bureau (CFPB) puts medical debt in the U.S....
Rebuilding your credit after bankruptcy
Chapter 7 bankruptcy in Jackson, Mississippi, discharges unsecured debt through liquidation, which requires you to sell assets. With Chapter 13, you pay the debts gradually through a restructuring plan. However, you may notice your credit score will drop for several...
Bankruptcy filing data shows ongoing needs
Many people may believe that once a recession has been declared over and most economic indicators point to a positive economy, the need for personal bankruptcy no longer exists. This could not be further from the truth and plenty of Mississippi residents are all too...
When does a hobby turn into a habit?
With the holiday season quickly approaching, sales are around every corner. Whether it is a new television set for the family or simply a personal shopping treat, the temptations to buy a plethora of products are at their strongest. What, then, is the end result...
What is a home equity loan?
For Mississippi residents like you who are struggling with debt, there are many different loans that you can look into. They all serve different purposes and have their own unique benefits and pitfalls. One of the many types of loans is called a home equity loan....
