No one ever wants to think that they will face bankruptcy, but it is likely more common than you think. According to the U.S. Courts, 544,463 people filed for bankruptcy in 2020. The process is also not as scary as you may think, though there are many myths and...
Debt Management
Can you consolidate federal student loans?
Consolidation is an appealing option for people who have a lot of outstanding student loans. People who received federal student aid may wonder if they can take advantage of consolidation offers to find some savings and simplify repayment. In fact, it is possible to...
Why are so many people in Wisconsin in debt?
Perhaps you grew up in a household where it was taboo to discuss finances. Maybe your parents told you it isn't polite to tell people how much income you earn or to talk about debt. However, many people in Wisconsin have learned that it can not only be helpful to talk...
Have the holidays left you with more debt than you can handle?
The holidays are often a time where caution is thrown to the wind and money is spent to ensure happy memories. If you are anything like the average American family, you likely spent somewhere between $500-$1,500 on gifts this holiday season. Now that the holidays are...
Is tax debt a main concern in your current financial crisis?
Your personal economics have a lot of impact on your ability to function within the Wisconsin economy. Things may be financially strong for the state as a whole, but if you're out of work or have recently faced an unexpected expense, it can spark a serious debt...
Important factors to consider with debt settlement companies
For Wisconsin residents who are facing overwhelming debt and are unsure as to how they are going to get out from under them, debt settlement companies might seem like an alluring alternative to bankruptcy. These companies make claims that sound too good to be true....
An introduction to wage garnishment
If you have accumulated a large amount of debt, your creditor may be able to garnish your wages. This can come as a surprise to some, but it is important to understand the process so you can take steps toward managing the situation. Wage Garnishment Wage garnishment...
Looking at bankruptcy alternatives, P.2
Last time, we began looking at several alternatives to bankruptcy, including debt consolidation loans, debt settlement and credit/debt counseling. Another bankruptcy alternative for Wisconsin debtors is commonly known as a Chapter 128 proceeding. In such an action, a...
Looking at bankruptcy alternatives, P.1
A quick search on the Internet yields a great deal of information discussing alternatives to bankruptcy protection. The issue is clearly an important one, because bankruptcy is a big financial step to take, even for those who carry a burdensome debt load.Perhaps you...
Careful consideration required for choosing a debt repayment plan
Debt problems can arise as the result of various circumstances. While some Wisconsin consumers may just have accumulated too much credit card debt, illness, unemployment and other dilemmas can also bring about overwhelming debt. Debt repayment problems may lead to...