The Many Benefits of Credit Card Use

Racking up excessive debt on credit cards is easy. For that reason, many personal finance experts encourage people to avoid using them. It is true that credit card debt is common and that it creates a tremendous amount of stress. However, if used in a responsible way, credit cards are actually quite advantageous. The Positive Side of Credit Card Use Restoring Credit – By using credit cards wisely, you have the opportunity to increase your FICO score or, in the case of having little to no credit, you can establish yourself as a creditworthy consumer. With responsible use, you can secure a...

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Surprising Facts about Credit Card Offers

Ever gotten a credit card offer in the mail? You’re not alone. You may be surprised to learn that credit card offers come even to people with very poor credit. Studies have shown that people who file bankruptcy will receive more credit card offers than the average American. Why? Credit card companies are in it for the money. They make much more money from cardholders who carry balances and frequently pay late fees than they do from people who pay off their bills every month. Credit card companies know that people who have filed bankruptcy in Oneida or anywhere else, used to carry high...

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Which Insurance Do You Need? Our Oneida Bankruptcy Attorney Advises

Insurance: The Ultimate Form of Protection Every year, nearly 2 million people go through bankruptcy. Although debt comes from multiple sources, overwhelming medical bills are number one on the list. Among the many studies conducted on this very topic, one involved the analysis of data from the federal court system, Commonwealth Fund, Centers for Disease Control and Prevention, and the U.S. Census Bureau; the analysis discovered that 60 percent of all bankruptcies are directly linked to unpaid medical bills. You have options for protecting the people that you love as well as your personal...

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Oneida bankruptcy lawyers’ tips for dealing with collection calls

What to Do If a Collection Company Calls The easiest way to ruin your day is by talking to a collection company hounding you for money. Although these companies are just doing their job on behalf of your creditors, you have options for getting them to stop calling. For this, you need a plan that includes prioritizing debt. That way, you can determine which creditor you should pay first. Once you prioritize your financial obligations, you can then determine how much and when to pay according to your income. Only after putting together a realistic plan, should you contact your creditors to ask...

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A Creditor has Filed a Judgement Against me in Oneida: Help!

What Should I Do If I Have a Judgment Filed Against Me? Once a creditor has filed a lawsuit against you, unless you take appropriate action, a judgment can be ordered. If you have received notification from the court that one of your creditors is suing you, the best course of action is securing the services of a qualified Oneida bankruptcy lawyer. One of the biggest mistakes that people make when a lawsuit has been filed by a creditor is doing nothing. In your situation, if your creditor does not get satisfactory results from the lawsuit, filing a judgment is the next obvious step. You want...

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