Jump to Navigation

September 2013 Archives

Americans still saddled with debt

Our country is in an economic recovery. If this seems like news to you, then you are likely not among the elite few who are enjoying financial benefits from the slow upturn of the economy. In fact, the economic benefits are generally only benefitting the wealthier residents of the Washington, D.C., area, with consumer debt wreaking havoc on the rest of the area's population. The economic downturn was so devastating to many that they were required to turn to credit cards for fundamental needs such as gas and groceries. Now, new data indicate that 20 million Americans believe they will never be able to conquer their debt.

Should you consider a loan to pay off your cards?

Balancing different types of debt can be difficult. Between credit card debt, mortgages, car loans and personal loans, we sometimes find ourselves robbing Peter to pay Paul, as the old adage goes. Is it a smart idea to attempt to avoid personal bankruptcy by taking out a loan to pay off credit card debt? Experts weigh in on this controversial practice.

How to talk to your collections agency

Dealing with debt collectors can be a nightmare. Not only must consumers suffer through the endless, nagging phone calls, but the impact of overdue debt on your credit score could cause lasting financial woes. As a resident of the District of Columbia, you do have a large number of rights related to consumer debt. Today, we will help you learn how to exercise those rights to improve your financial future and rebuild your credit.

Should you list all creditors in bankruptcy papers?

If you are considering filing for bankruptcy in Washington, D.C., you may be uncertain about how to list your creditors. You may have debts that have been passed from collections agency to collections agency; as a result, it may seem as though you have an excessive number of creditors to list on your bankruptcy forms. Even though the life of your debt may be long and complex, you do not have to follow it to the smallest detail. Experts say it is generally sufficient to list the original creditor and one or two of the subsequent collections groups.

Start Right Now

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

Visit Our Bankruptcy Law Website Subscribe to This Blog's Feed
Office Locations

1115 Massachusetts Ave NW,
Washington, DC 20005
Phone: 202-559-1428

10512 Pohick Court,
Fairfax Station, VA 22039
Phone: 703-550-7030

6926 Seven Locks Road,
Cabin John, MD 20818
Phone: 301-890-4500

Toll-Free: 877-441-4076
Fax: 202-638-5858

Twitter link