6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 1)
While the total amount of credit debt carried by Americans is reportedly more than $793 billion, the average household in the U.S. carries more than $15,000 in credit card debt (according to statistics compiled by the Federal Reserve and TransUnion). In fact, credit card debt is among of the primary reasons that people end up filing for bankruptcy, as this type of debt can quickly snowball out of control – especially when people are carrying a substantial amount of credit card debt on cards that have high interest rates. Developing a budget and paying the most on cards with [...]
The Fair Credit Reporting Act (FCRA) & Your Rights (Pt. 3)
Concluding our three-part blog The Fair Credit Reporting Act (FCRA) & Your Rights, here we will spotlight some additional borrowers’ rights provided by the FCRA. If you feel that your rights as a borrower were violated by a credit reporting bureau, you are encouraged to contact the Federal Trade Commission. Here are some more borrowers’ rights from the FCRA. If you are ready to clean up some of the debt on your credit report, contact Colorado Bankruptcy Attorney Jon B. Clarke. If, however, you are ready to clean up some of the debt listed on your credit report [...]
The Fair Credit Reporting Act (FCRA) & Your Rights (Pt. 2)
Continuing from The Fair Credit Reporting Act (FCRA) & Your Rights (Pt. 1), here, we will continue to highlight and discuss the specific rights that borrowers have according to the FCRA. According to the FCRA, borrowers’ rights include the right to know the details of their credit report and to dispute inaccurate information on these reports. Additional borrowers’ rights, as outlined by the Fair Credit Reporting Act, include the right to: Know the details of their credit reports – Specifically referred to as file disclosure by the Federal Trade Commission, this right entitles borrowers to access to a [...]
The Fair Credit Reporting Act (FCRA) & Your Rights (Pt. 1)
Passed in 1970 (and updated over the years), the Fair Credit Reporting Act (FCRA) is in place to provide borrowers with some specific rights when it comes to the collection, use and distribution of their sensitive credit-related information. The FCRA is enforced by the U.S. Federal Trade Commission, and creditors or other entities that violate borrowers’ rights, as stipulated by the FCRA, can face substantial fines (including the possibility of punitive damages). The Fair Credit Reporting Act (FCRA) provides borrowers with specific rights when it comes to their sensitive credit-related information. Here and in an upcoming second part [...]
Want to Get Rid of Bill Collectors? Follow These 5 Steps (Pt. 2)
Continuing from Want to Get Rid of Bill Collectors? Follow These 5 Steps (Pt. 1), below, we will continue our discussion of what borrowers can do to stop creditors and bill collectors from calling them and/or sending them letters when they have missed debt payments. If you have already tried these options and/or are ready to take more aggressive steps towards resolving serious debt, it’s time to meet with Denver Bankruptcy Lawyer Jon B. Clarke for a thorough case evaluation, as well as professional advice regarding your best options for debt relief. When bill collectors are unwilling to work [...]
Want to Get Rid of Bill Collectors? Follow These 5 Steps (Pt. 1)
When you miss one or more payments on a loan or other debt, creditors and bill collectors may start calling you and sending you letters to ask you about what happened and when they can expect payment. These calls and letters, while annoying, can also be highly stressful, especially when they may be coming from more than one creditor and/or you know you don’t have funds immediately available to make the payments they are requesting. While these steps can help you get rid of bill collectors, for more advice regarding debt relief options, contact Colorado Bankruptcy Lawyer Jon B. [...]
Colorado Court Bankruptcy Fees for 2014
Here is an outline of Colorado Court Bankruptcy Fees for 2014. For more info and an estimate for your case, contact Colorado Bankruptcy Lawyer Jon B. Clarke. While filing for bankruptcy is an effective way to get many of your debts forgiven and to secure a financial fresh start, there are some court fees that must be paid in order to file and process your case. These bankruptcy fees, which may also be referred to as administrative fees, are: Set by the U.S. Bankruptcy Court, District of Colorado Regularly updated Paid from your bankruptcy estate (if you are [...]
Boost Your Credit Score with These 6 Steps (Part 3)
Wrapping up our three-part blog Boost Your Credit Score with These 6 Steps, here, we will focus our discussion on two final steps that borrowers can take as they concentrate on improving their credit score and their overall financial standing. Using cash or a debit card instead of credit cards can help you spend less, keep your credit card balances low and ultimately improve your credit score. If your debt issues are more significant than having a poor credit score and you are considering filing for bankruptcy to achieve a financial fresh start, it’s time to call Colorado [...]
Boost Your Credit Score with These 6 Steps (Part 2)
Picking up from Boost Your Credit Score with These 6 Steps (Part 1), below, we will spotlight two more steps that people can take to make great strides in improving their credit score and, as a result, their overall financial status. When working to improve your credit score, focus on paring down the open lines of credit you have and avoid taking out new lines of credit if possible. If you have more substantial financial issues, are considering filing for bankruptcy and are ready for some specific advice regarding your best options for debt relief, Denver Bankruptcy Attorney [...]
Boost Your Credit Score with These 6 Steps (Part 1)
While you probably don’t think about your credit score on a daily basis, when you are ready to make a significant purchase – like a car or a home, this number becomes crucial, as it can determine whether or not you qualify for the best possible deals and interest rates. Correcting errors on your credit report and paying down debt are two steps people can take to boost their credit scores and their overall financial standing. If your credit score could be better than it is right now (which is the case for most people), there are some [...]
