Avoiding Debt Settlement Scams

We are all facing uncertain times after the COVID pandemic. Some people may have had their hours reduced or perhaps have lost their jobs entirely. As it stands, there are plenty of companies out there that people who are struggling financially can reach out to in order to file for bankruptcy or help get their […]

Minimum Payments Delay Improving Your Financial Health

When addressing the financial strategies of my clients, one recurring issue that presents itself is the practice of only making the minimum payments on credit card balances. It is imperative to understand why this approach can be detrimental to one’s financial health. The interest rates associated with credit cards are typically much higher than other […]

Why Debt Consolidation Isn’t Always the Best Solution: A Bankruptcy Attorney’s Perspective

Financial distress can feel overwhelming, and finding the right path toward resolution can be challenging. Two common strategies that individuals consider when addressing this crisis are debt consolidation and bankruptcy. Both options present potential advantages and disadvantages and must be approached with a clear understanding of the individual’s unique financial circumstances. In this post, we’ll […]

Know Your Rights: Fair Debt Collection Practices Act

You applied to a loan or a line of credit and, based on your credit score and past payment history, the lender took a chance on you. Since then, your financial world has collapsed. Perhaps you lost your job or got into a car accident and now have mounting medical bills. It doesn’t matter why […]

Debt Settlement in New Jersey: Understanding Your Options

All too often you hear or see advertisements for ways to get out of debt quick. Unfortunately, these get debt-free quick schemes are not all they are talked up to be. But, the good news is, there are options for those in debt or struggling to make payments. Debt occurs when those fail to repay […]

How Long Can a Creditor Take to Collect a Debt in New Jersey?

Let’s say you bought something on credit but the vendor’s bill never showed up in your mailbox. You thought you hit the jackpot! But then, one day, the company woke up and now you find it’s time to pay the piper. How long can a creditor wait before attempting to collect on debt? “I am […]

Tax Obligations and Debt Problems May Be Greater for Married Couples

It used to be assumed that getting married would help to alleviate debt concerns because doing so would have a positive effect on a person’s tax bill, among other things. However, that may not actually be the case, especially if both spouses have high annual incomes. Beyond that, getting married can potentially reduce a person’s […]

6 Tips To Improve A Low Credit Score

Having a low credit score tags you as a high-risk borrower and can impact so many facets of your life. Just how can it affect you? It is the determining factor in whether or not a lender will actually lend you money, and it raises the interest rate you have to pay if they do. […]

Can You File Bankruptcy to Clear Court Fines?

Can You File Bankruptcy to Clear Court Fines? Bankruptcy gives a fresh start to individuals underwater with their debts, but not all debts can be discharged through filing a bankruptcy.  Attorney Joel R. Spivack has extensive bankruptcy law experience and can help you understand whether your court fines are dischargeable under the Bankruptcy Code. Can […]

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