Bankruptcy vs Debt Settlement – Which is Worse For Your Credit?

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Debt seems to be a word we’re all too familiar with these days. Americans are said to have an average of 38k in personal debt, and that doesn’t include home mortgages. Most households rely on credit cards to get by, but then quickly realize they are in over their heads when it is time to […]

Can You Keep Your Car During a Bankruptcy?

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If you’re facing large amounts of debt, resolving your situation is a top priority. Keeping your car is probably at the top of the list as well, since you’ll still need to get to work, the grocery store, and to school to pick your kids up. Whether you can keep your car depends on several […]

Protect Yourself Against Predatory Lending

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Predatory lending takes a few different forms. There are mortgage relief scams, payday loans, balloon loans, loan flipping, and prepayment penalties that charge you for paying off a loan early. The most vulnerable to predatory loans (no one is immune) include subprime borrowers with low credit scores/incomes, the elderly, military service members, and anyone facing […]

Affordable Ways to Catch up on Your Mortgage

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There are many reasons homeowners fall behind on their mortgage payments. A job loss, decline in income, change in marital status, or medical emergency can strain your finances to the brink. Catching up on your mortgage loan may seem impossible, but it isn’t. Here are some affordable ways you can avoid the consequences of foreclosure. […]

Why Choose OakTree Law

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There comes a time in every law firm’s lifespan where we have to shamelessly promote ourselves and toot our own horn. This would be that time. There are a million reasons why we believe that OakTree Law is at the top of our class, but allow us to outline those reasons here. Life is full […]

What Can and Cannot Be Repossessed by Creditors

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Repossession is when a creditor gains control of property used as collateral for a loan that’s in default. A creditor reserves the right to take away something you own if you violate the terms of the agreement. However, there are rules they must follow. If you’ve failed to make monthly payments, and/or are in default, […]

Is Loan Modification A Good Idea?

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A loan modification can help if you’re behind on paying a loan, such as a mortgage. Defaulting on a secured loan can result in the loss of your home, car, or other valuable possession. Although refinancing a loan is one possibility that can avoid, for example, foreclosure, it may also be possible to modify your […]

Top Causes of Business Debt

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Small businesses acquire debt for various reasons. If the debt is too much to resolve, the business isn’t profitable, or demand for its products and services declines, it may be forced into bankruptcy. Outside forces can lead to increased business debt as well. When your company faces a large amount of debt, options may include […]

Student Loans and Bankruptcy

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Student loan debt has surpassed credit card debt across the nation. Many are finding it difficult to pay back their student loans. Filing bankruptcy is a complex legal process and, despite the misconceptions, it is possible to discharge student loans. However, the legal requirements are complex and often discouraging. You should, therefore, hire a Los […]