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Southaven Bankruptcy Law Blog

Can changing credit card habits prevent debt?

Credit cards pose one of the biggest sources of debt in America, alongside debts related to schooling or medical bills. Fortunately, credit card debt is one thing that you have control over. In fact, simply changing your spending habits and the use of your credit card...

Are you facing creditor harassment?

Dealing with debt is a nightmare all on its own, and the last thing you need on top of that is more stress. Unfortunately, this is exactly what certain creditors and debt collectors bring to the table. But creditors can and do sometimes cross a legal line. Under the...

Know the pitfalls of expensive payday loans

If you struggle to pay your bills, you may turn to costly loans that charge up to 400% interest. These so-called payday loans typically make it even harder to get out of debt and turn your financial situation around. Review the pitfalls of payday loans and explore...

Car repossession at a glance

Debt strains anyone's monthly income and deciding how to manage it takes a lot of consideration. When things get shaky, whether referring to employment or otherwise, balancing that debt may get even more stressful when collectors come to repossess any vehicles with a...

What is a secured credit card?

If you are in the process of recovering from bankruptcy, you may think that a credit card is the last thing you need or even out of reach entirely. However, this is not necessarily the case. In some instances, credit cards can be a very valuable tool for helping to...

What is the impact of filing Chapter 7?

Filing Chapter 7 bankruptcy in most cases means you will have debts dismissed without having to pay them off. For you, this can mean regaining solid financial footing, but you’re the creditors, it means losing money. However, once you file Chapter 7, you will not be...

What are the basics of a Chapter 13 repayment plan?

The main difference between Chapter 7 and Chapter 13 bankruptcy is that by filing for Chapter 13, you can avoid liquidating assets. Instead, you will come up with a repayment plan that will pay off most of your debts. If you complete the plan, your bankruptcy judge...

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