You know it is good to avoid holding a big balance on credit cards. You put a lot of effort into being careful with your credit card spending. But, despite your best efforts, circumstances intervened and you have found yourself with a sizable credit card balance.
The accumulation of unpaid debts creates a heavy financial burden, especially when lacking the personal resources to meet the growing demands from creditors. Bankruptcy allows everyone the ability to obtain a new financial start.
If you're struggling financially, you might wonder whether bankruptcy is the right solution to your situation. Learn 5 common signs that it might be time to find an attorney and file for bankruptcy to solve your woes.
No matter how much you save or plan, sometimes there are unpredictable costs in life. Finances are hard, and some of the most expensive things in life are also the hardest to see coming. Unexpected medical costs can change your financial outlook overnight, whether from an accident or a diagnosis. A study by the National Bureau of Economic Research found that 19 percent of Americans would be unable to come up with $2,000 within 30 days if an emergency arose.