“Federal student loans can be discharged through bankruptcy by proving "undue hardship"—a three-pronged legal test examining your ability to maintain minimal living standards, whether financial hardship will persist, and your good faith repayment efforts.’
“Affirm reports consumer payment data to both Experian and TransUnion. Beginning April 1, 2025, Affirm expanded its credit reporting to include all pay-over-time products, including its popular Pay in 4 option. This means your payment history, outstanding balances, and loan terms now appear on your Experian and TransUnion credit reports.”
“Estate planning is a crucial process that ensures your assets are protected and your wishes are honored throughout your life and beyond. At our law practice, we understand the importance of a well-structured estate plan that addresses all stages of life. Let's explore the key components of lifetime planning, medical planning, and death planning.”
“Bankruptcy laws include exemptions that allow you to keep certain assets, including a portion of your car's value. These exemptions vary by state, so it's crucial to check your local laws. For example, in Wyoming you are allowed to exempt up to $5,000 of a car's value, while others might offer more or less. In Charlotte, North Carolina the limit is $3,500.00.”
“The Fair Debt Practices Collection Act primary goal is to eliminate abusive practices in the collection of consumer debts. It promotes fair debt collection and provides consumers with an avenue for disputing and obtaining validation of debt information. The Act applies to personal, family, and household debts, including money owed on credit card accounts, auto loans, medical bills, and mortgages.”
“Affirm reports consumer payment data to both Experian and TransUnion. Beginning April 1, 2025, Affirm expanded its credit reporting to include all pay-over-time products, including its popular Pay in 4 option. This means your payment history, outstanding balances, and loan terms now appear on your Experian and TransUnion credit reports.”
“While the end of unemployment benefits can be a challenging time, it’s important to remember that options like bankruptcy exist to help individuals regain financial stability. By understanding how factors such as layoffs, unemployment duration, debt load, income prospects, credit impact, and debt-to-income ratio affect your situation, you can make an informed decision about whether bankruptcy is the right path for you.”
