Malaise Law Firm

Borders- it used to be a place where book lovers could pick up a new title, sip a coffee beverage and lounge on a couch while disappearing into a literary wonderland. Then came 2011 when the company declared bankruptcy and closed up to 275 stores. The company closed about 30% of its stores and focused instead on e-books and non-book products- seeking to expand Borders.com. But eventually, the inevitable happened and Barnes & Noble bought out Borders for $13.9 million.

While it may seem like you are getting more for less, paying the minimum balance on a credit card could leave you paying hundreds more than the item was originally worth. The way credit card companies make money is by getting you to pay interest in items that you purchase with their cards. One of the most important things to consider when making payments toward your credit card balance is “what is my interest rate?”

Read more about one of the laws that protects you from credit discrimination. Enacted into law in 1974, the Equal Credit Opportunity Act was a way to protect individuals from discrimination by creditors. A creditor is any individual or business to whom money is owed. For example, if you take out a loan with a particular bank, that bank has become your creditor. Creditors do have the choice to accept or reject individuals from taking out lines of credit with them.

Many people use credit cards for every item they purchase. In fact, multiple credit cards are now the norm; the average cardholder has 3.5 to his or her name. While credit cards offer the cashless convenience of just a swipe and signature, the psychological factors that affect credit card spending should be carefully considered. You may find that the hidden costs of credit card spending are higher than you first thought.

Like it or not, getting help from an attorney may be the best thing that has ever happened to you. You may have an independent streak in you. There is absolutely nothing wrong with that. When it comes to financial issues though you may not have a choice but to ask for help. Asking for help can be an extremely humbling experience. No one wants to admit that they can no longer take care of their own affairs.

If you're facing financial struggles, don't cut corners around the law. Avoid bankruptcy fraud by getting help from a competent attorney. While bankruptcy filings nation-wide went down a total of 8 percent in 2011 from the year before, the total number of filings in the fiscal year of 2011 was 1,467,221. Obviously there is still a great need for financial remedies in the United States.

College students are living in the present with no thought of tomorrow…until they start nearing graduation day. That college education came at a price and now graduates have to start thinking about how they are going to pay off their student loans. Students may have trouble finding a job after graduation or a job that provides enough income.

A short sale carries its name because the money you get from selling your home comes short of the amount of debt you owe on the house. A homeowner can’t simply sell their home. They have to enter into an agreement with their lender. If the lender agrees to take less money than is actually owed, then you are free from all future payments on that home. People usually choose short sale as an alternative to foreclosure when no other options have worked for them.

Maybe the time has come in your life to get your social security disability benefits, but what happens when those benefits are denied?

If you find that you are struggling with debt, it is not unlikely that you are looking into the possibility of filing for bankruptcy. When facing a decision such as this, one of the most pertinent questions that you will likely find yourself facing is simple – do I even qualify?

When you are financially floundering and faced with overwhelming debt you may fear the call of a creditor or the notice of a pre-foreclosure notification. However, there are other forms of debt that can come your way when you are struggling. While wage garnishments may be less well known than foreclosures and bankruptcies, they can be equally as overwhelming if not handled correctly.

Bankruptcy can have immeasurable benefits for individuals who are challenged with overwhelming or out of control debt. It is important for debtors to be cautious of making particular mistakes that can complicate or otherwise thwart their efforts to file for bankruptcy protection.

There are particular warning signs that debtors commonly experience before filing for bankruptcy. If you are already experiencing a number of warning signs, you may need to consider filing for bankruptcy in the near future.