If you are considering filing for bankruptcy, you may feel overwhelmed and uncertain about what it entails. The reality is that bankruptcy can be a complicated process, and it is important to understand the implications before making a decision. Here’s what you need to know about filing for bankruptcy and what it means. The Basics [...]
Bankruptcy can provide relief from debt and the ability to start over, but there are some significant drawbacks to be aware of. It is important to weigh the pros and cons of filing for bankruptcy before making a decision. Knowing the pros and cons of filing for bankruptcy can help you make an informed decision [...]
When faced with overwhelming student loan debt, it can be tempting to simply ignore the issue and hope it goes away. Unfortunately, ignoring your student loans isn't an effective solution and can eventually lead to a lawsuit. If you find yourself in a situation where a lender is suing you for your student loan debt, [...]
Many people fall behind on their bills, but if you receive a letter in the mail stating that a debt collector is suing you, you may be wondering what rights you have and what steps to take next. After receiving a Texas debt collection summons, it is imperative you respond within the allotted time period. [...]
Private student loans have their pros and cons, but one of the biggest drawbacks is that they aren’t eligible for forgiveness, unlike student loans from the government. If you’re concerned about getting trapped in debt if your student loans are not forgiven, it’s important to understand exactly how private student loans work before signing on [...]
Debt collection agencies and creditors initiate tens of thousands of debt collection lawsuits in Texas each year. If you have been served with a Texas debt collection lawsuit, you may be wondering what your next step should be. It’s important to respond to a debt complaint properly and within the allotted time period, between 14 [...]
Creditors and debt collection agencies file thousands of debt lawsuits against consumers in Texas each year. If you were served a Summons and Complaint in Texas for a debt lawsuit, it may have come with an affidavit of debt, or the court paper might say it’s on a sworn account. A sworn account is not [...]
In the United States, student loan debt for all borrowers totals close to $1.75 trillion in federal and private loans according to Forbes. For many, student loans are the only way to obtain the college education necessary for your chosen career path. Unfortunately, this can lead to high monthly student loan payments you may not [...]
Are you one of the millions of students who owe thousands of dollars in student loan debt? If so, you may be looking to refinance your loan, or multiple loans in some cases. Over 40 million people throughout the U.S. owe an average of $36,510 on their federal student loans, so it comes as no [...]
Even in a community property state such as Texas, it is incredibly rare for children or parents of a deceased person to inherit medical debts. However, the law is less clear when it comes to the spouse of a deceased individual who passes away with medical debt. Here’s a look at what happens to medical [...]
