Credit & Debt

If you file a Chapter 13 case, you transfer control of your assets to a bankruptcy court for at least 36 months and up to 60 months. In practice, this control is more theoretical than physical, and debtors ...Read More

When you find a problem on your credit card statement, you may not know how best to handle it or worry that you'll get into trouble if you withhold payment. Federal law provides protections to card holders in ...Read More

If you're one of the millions who have lost a home to foreclosure, don't lose heart. There's still hope for your credit, and you may even be able to buy another home. First, find out exactly what your credit ...Read More

Equifax is one of the three largest credit bureaus in the country, along with TransUnion and Experian. It was founded in 1899, making it the oldest of the three bureaus. For the majority of the country, ...Read More

A credit report is a document that shows lenders and possible employers how well you handle debt. It contains information about the money you have borrowed, the bills you have and how promptly you pay them....Read More

Do you want to buy something? Do you need car insurance? Perhaps you are job hunting or looking for an apartment. Chances are, for just about anything you do that involves money, a credit check be done on ...Read More

When you swipe your credit card to make a purchase at a store, the transaction is approved almost instantaneously. In actuality, there is a lot going on behind the scenes. Luckily, the entire credit card ...Read More

Direct debit processing is a transaction in which an organization directly debits your bank account and transfers the funds electronically. Direct debits do not involve any paper. Paper checks are not mailed ...Read More

The debt ceiling is an amount set by the U.S. Congress that allows the Department of the Treasury to fund government operations by borrowing money through issuing bonds....Read More

The Credit Card Accountability Responsibility and Disclosure Act of 2009 looks to establish "fair and transparent policies relating to the extension of credit under an open end consumer credit plan."...Read More

If you're an adult living in the United States, there's a good chance that you can be categorized as having either good or bad credit. If you pay your bills on time and have a low debt-to-income ratio, you ...Read More

The Arizona Public Education Tax Credit was created to both fund public schools and help citizens save on their taxes. It is a tax credit, so taxpayers save the exact amount of the contribution on their taxes, ...Read More

The term "holder," when used in the context of bankruptcy, generally refers to the individual who holds, or controls, the assets of the bankrupt debtor. Who the holder is, and what his duties are, depends on ...Read More

Losing your pension is a concern for those contemplating bankruptcy. The consequences are not as dire as you may think, and you could end up keeping a portion, if not all of the money for which you've worked ...Read More

The economic system of the United States is referred to as free enterprise; it is referred to as a capitalistic society and a society that fluctuates based on supply and demand. Economies measure goods, ...Read More

Individuals and businesses are not the only parties allowed to file for bankruptcy. Sometimes, a town or other municipality cannot manage its burden of debts. Chapter 9 of the bankruptcy code allows the ...Read More