Contact Us At : 507-550-1519
Contact Us At : 507-550-1519
With the prices of houses, cars and some consumer goods skyrocketing, many Minnesotans are looking to finance major purchases. While many factors affect a bank's decision to loan money, your debt-to-income ratio may be too high to qualify for a loan or line of credit....
As someone currently struggling with debt, you have likely heard horror stories about debt collectors. Tales of the harassing behaviors they engage in are well known. But did you know that misrepresentation is another big issue? What is debt collector...
When suffering from debt, you already have enough hardship to deal with. You do not need the extra stress of debt collectors harassing you day in and out. While laws like the Fair Debt Collection Practices Act (FDCPA) theoretically halt this behavior, the laws do not...
Minnesota allows individuals who file for bankruptcy to keep certain assets. Retaining these assets, known as exemptions, allows you to rebuild your finances after a bankruptcy. If you have been struggling with debt you cannot afford to pay, review the rules...
There are many myths that surround bankruptcy. For instance, many Americans worry that they will automatically lose their home if they file bankruptcy. While it is possible to lose one’s home to bankruptcy, it is not common. According to FindLaw, whether or not your...
If you have too much debt, you may struggle to pay monthly expenses, lose sleep and night and have problems securing financing. Taking control of your financial situation may involve exploring bankruptcy protection. While a bankruptcy filing is likely to cause your...
After making the decision to file bankruptcy, you will need to determine which chapter you wish to file. The most common options for individuals are Chapter 7 or Chapter 13. According to FindLaw, you may not have to make this decision yourself because there is an...
If you want to purchase a home, car or another high-value item, you probably need a decent credit score. While credit reporting bureaus are notoriously secretive about the formulas they use to calculate consumer credit scores, they all consider an individual’s...
Bankruptcy can be a beneficial step if you have financial issues. It provides relief from your debts and prevents creditors from garnishing your wages or seizing your assets. Many people use their right to bankruptcy protection each year. The Consumer Financial...
Most people in southwestern Minnesota who file a petition in bankruptcy expect the proceeding to result in the discharge of most, if not all, of their debts. Some potential bankruptcy filers may therefore be surprised to learn that a significant benefit may accrue...