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Getting Your House in Order – How to Rebuild Your Credit Score

If you have accumulated more debt than you can reasonably afford to pay, filing for bankruptcy is often the best option. When you file for bankruptcy, you are able to get out from under the debt and ensure a better financial future for yourself and your family. However, the bankruptcy will have a negative effect on your credit score. Fortunately, you can take steps to rebuild your credit after bankruptcy. Create a budget. Before you start seeking to increase your credit score, spend time creating a budget that will ensure that you are able to […]

Personal Bankruptcy: A Pragmatic Move for Overcoming Debt

7 Things All Debtors Should Do

It’s a pretty safe bet that no one wants to declare bankruptcy. It’s a stressful decision for sure, and one that’s often accompanied with concerns about how the move will be perceived by others. But the truth is, bankruptcy is simply a legal proceeding – there’s nothing “shameful” about it. In fact, depending on your own circumstances, it could be one of the wisest financial decisions you can make. When Bankruptcy Can Be a Smart Move First, if you’re considering bankruptcy, don’t let anyone make you feel bad. It’s your financial future, not theirs – and if you’re in […]

Simplify Your Life by Planning Ahead

Regardless of your stage of life, planning wisely for you and your family brings much-needed peace of mind. Whether you’re considering the educational needs of your children or making end-of-life arrangements, knowing that your affairs are in order makes life more enjoyable and makes the lives of your loved ones much easier. Here are a few things to consider when planning for the future… Little Bundle, Big Bills – According to the U.S. Department of Agriculture, a middle-income family can expect to pay more than $233,000 over the first 18 years of a child’s life, […]

Are my Bank’s Values My Own?

While there are many considerations to take into account before choosing a bank or investing your money, there is one that is often overlooked by consumers: Where is the bank going to invest my money? How Banks Make Money Despite what many people think, your money isn’t stored in an empty vault waiting for you to take it out. Banks loan money for projects and to increase their own revenues. An article by Stephen D. Simpson on Investopedia puts it simply: “…banks basically make money by lending money at rates higher than the cost of […]

KY Schools Should Consider Teaching More Financial Literacy 

Financial literacy is an important skill that helps consumers understand their personal finances, plan for the future and maximize their success. Financial literacy can also help consumers avoid serious problems, such as large amounts of debt they can’t afford to pay. Unfortunately, according to recent studies, many people leave high school without the skills they need to manage their personal finances effectively. About the Study Each year, Champlain College’s Center for Financial Literacy conducts a study to determine the level of financial literacy among high school students graduating in all 50 states. Each state receives a grade […]

Potential Financial Trends in 2018 

As a new year begins, it is an excellent time to assess your financial situation and plan for the future. To help you as you plan, here are some of the financial trends that may impact your personal finances in 2018. The Job Market Will Stay Strong At the end of 2017, the job market was strong. The demand for workers is high, especially in the fields of technology and healthcare. This trend is expected to continue through 2018, putting workers in a good position to negotiate better pay and benefits. Wages May Go Up […]

How is Unpaid Car Debt impacting our Economy?

The record-setting U.S. auto industry is a shining star against the backdrop of an underwhelming U.S. economy. But is it being set up for a fall by lenders who make risky loans to consumers with poor credit? The fact that a growing number of low-credit consumers are having trouble making their payments could suggest that all is not well in the car loan market. Since early 2016, when the loan market hit the one trillion dollar cumulative value, observers inside the auto industry and analysts outside it have debated – sometimes heatedly – about the […]

New Year’s Resolutions To Manage Your Finances in 2018

Kentucky Student Loan Bankruptcy Lawyer

With the imminent arrival of 2018, have you thought about your retirement? Are you pledging that in the new year you’re going to whip that retirement plan into shape? If you’re serious about that resolution, we have a few simple suggestions that can turn your retirement strategy into a solid, actionable plan. If you Haven’t Got One, Create a Workable Budget About four in ten American households regularly follow a budget. Making one’s not hard. Sticking to it is.  But it is the best way to get a handle on spending and avoid financial peril. […]

Estate Planning Can Make a Difference for Loved Ones

In the view of some people, estate planning is easy — have an attorney draw up a will, leave what you want to whom you want, and hope for the best. However, there is far more to it than that. Through estate planning, you can achieve many goals. You can give to charity, make arrangements for your care if you become unable to make decisions for yourself, and, perhaps most importantly, make it easier for your loved ones to carry out your wishes after you have passed away.  Here’s how… Power of Attorney One of […]