SBA Loans: Understand What You Are Signing
Small business is the heartbeat of the American economy. Estimates suggest that there are over 33.2 million small businesses in the United States. Combined these businesses account for nearly 99.9% of all American businesses. Most, if not all, of these businesses begin the same way: an idea, a vision, and the need for capital. While […]
SAVE Income Based Student Loan Repayment Plan: An absolute game changer!
The U.S. Department of Education has offered various income-based repayment plans for federal student loans borrowers for quite some time now. The goal of each of these plans is to calculate a monthly payment based on your income and make those payments for 20 years (10 if you are a public employee) and then receive […]
Wisconsin’s Alternative to Debt Consolidation
Debt problems can be overwhelming. Looking at those monthly minimum payments often feels like trying to fit a square peg in a round hole. Once the realization that help is needed, many people look to debt consolidation as the answer. But remember, as your mother would often tell you, “there’s no such thing as a […]
Is a debt-free life achievable?
A recent survey found that the average American has over $54,000 worth of debt. What type of debt are these people carrying? According to the survey 57% is credit card debt; 30% mortgages; 30% automobile loans; and 28% medical debt. The results of this survey are staggering, but not surprising. Total household debt increased by […]
With home foreclosures rising, know your options
With the current cost of living continuing to rise, so is the number of foreclosures nationwide. While the cost of gasoline, eggs and milk have slowly decreased, we all feel the pinch of other consumer goods remaining high, putting many at risk of falling behind on mortgage payments. Experts suggest this increase is a “normalization” […]
Cross collateralization can leave people with hard choices in bankruptcy
Credit unions are a popular alternative to traditional banks for many people. Members say they enjoy an atmosphere that is more focused on the customer and the better rates they can sometimes get on loans and savings accounts. However, credit unions often use cross collateralization with their loans, which can be detrimental to the borrower, […]
What happens if a creditor contacts me during or after my bankruptcy?
If you are in debt, you may already be familiar with the protections you have against creditor harassment under Wisconsin and federal law (i.e. the Fair Debt Collections Practices Act). These laws protect you against debt collectors using misleading or abusive tactics when attempting to collect a debt against you. However, you may not know what happens […]
Wage garnishments a threat for those struggling financially in Wisconsin
Many people are struggling to make ends meet in Wisconsin as the economy slowly begins to recover from the Great Recession that started in 2008. Even those who are lucky enough to still have jobs are having difficulty paying their bills, and many are falling further and further behind. Creditors have become more aggressive in […]
