Being in debt is a confusing experience for most people. Is the debt good? Is the debt bad? Do you have too much or too little? For you, the last question may have an obvious answer because your outstanding balances have reached concerning levels. Now, you wonder whether you will be able to get back on track financially.
Will bankruptcy permanently lower your credit score?
Money is a topic that is often on the minds of many Wisconsin residents and those around the world. Some may think about how to invest, and others may be looking forward to their next paychecks. Others still may worry about meeting everyday needs due to the amount of debt with which they are burdened.
Wisconsin bankruptcy filings are lowest in a decade
Wisconsin bankruptcy filings hit their lowest mid-year level in a decade, reflecting an abundance of jobs and a good economy.
Is Chapter 7 or Chapter 13 the right choice for your future?
Wisconsin consumers who are struggling with debt know how stressful and difficult it can be to deal with unpaid balances and pressure from debt collectors. If you are facing this situation yourself, you may understand that bankruptcy could offer you a way out. However, the decision to go ahead and file is not an easy one to make.
Bankruptcy offers a chance at starting over
You fought hard, but no matter how you tried, you couldn't catch up with the overwhelming debt. Whether it was a medical emergency, divorce, job loss or just bad luck that set your finances in a downward spiral, the point is that bankruptcy is your best option. Despite the assurances that a successful bankruptcy is like a reset button for your financial life, you still may feel like a failure.
What should you know about wage garnishment?
You work hard to earn a living, so when you learn that you are being subjected to wage garnishment, it can be devastating. Wage garnishment is one of the more unfortunate consequences of overwhelming debt, and it can have a detrimental impact on the financial health of your Wisconsin family.
Don't let the door that closes cost you your house
You can probably relate to many other Wisconsin residents whose financial situations were stable until they were suddenly caught off-guard by unexpected circumstances that wound up throwing it all into a downward spiral before they knew what had hit them. Perhaps you endured a drop in income or someone in your immediate family suffered an urgent medical situation that required surgery and a lengthy recovery period.
Big 3 Credit Reporting Agencies Just Announced A Big Change
Worried about your credit? New changes in credit reporting could improve your score. The big three credit reporting companies, Equifax, TransUnion and Experience just announced that they may remove reports about tax liens and civil judgments if data in them is missing specific information.
Rising medical costs and medical debt continues to drain American families
Americans continue to feel the weight of rising healthcare costs. The cost of obtaining healthcare is especially high for residents of Wisconsin. The cost of healthcare in the state is the second highest in the nation behind Alaska. The cost of 235 common medical services in Wisconsin was 81 percent higher than the national average.
Restoring credit after bankruptcy in Wisconsin
People considering bankruptcy often worry about the impact that bankruptcy will have on their credit. Many people defer bankruptcy longer than they should fearing they will never be able to get a credit card, mortgage or car loan again. Learn the truth about bankruptcy and credit and what can be done to restore credit after bankruptcy.
