As a young adult, you knew that you made mistakes. You often used credit when you ran low on funds, and though you were able to repay what you owed in the past, that’s not the case now. You’re still only in your 20s, but struggling with your finances is a stressor...
Whenever the economy isn’t doing well, it’s more likely that people will turn to bankruptcy. In 2020, many people struggled to make ends meet. Millions of people are out of work, so it would make sense to see an uptick in personal bankruptcies. Interestingly, that...
The companies whose primary function is the collection of unpaid debt can become incredibly aggressive. Collection agents might make borderline threatening statements, insult someone or otherwise try to bully the people that they contact into paying despite their...
You ran into a period of unemployment or unusual financial demands. When the bills became impossible to manage, you decided to file for bankruptcy. Since you still had substantial income coming in, you decided that you merely wanted to reorganize your debts through...