Author: National Debt Relief
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Spending Less Than You Earn: The Simple Rule That Builds Lasting Wealth
There’s one simple money habit that will do a lot of heavy lifting for you: spending less than you earn. It’s a simple idea, but it’s tough to pull off, especially when the demands of the real world are constantly draining your bank account. Cost…
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How Collection Agencies Make Money and What They Pay for Debt
Getting calls or letters from a collection agency can raise a lot of questions. One of the most common is how do debt collection agencies make money when they weren’t the ones who issued the loan. In many cases, lenders hire collectors and pay them a p…
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Back Taxes and Chapter 7 or 13 Bankruptcy: How Refunds and Tax Filings Work
Does bankruptcy cover back taxes? The answer is sometimes yes, but only if specific timing rules are met. Whether Chapter 7 or Chapter 13 covers back taxes depends on how old those taxes are and whether you actually filed returns. Here’s how both…
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When Is It Okay to Borrow Money?
Borrowing money is a common part of life for many people. From buying a home to covering unexpected expenses, loans and other forms of credit can provide access to funds when paying the full cost upfront is not possible. Whether borrowing makes sense d…
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Can Social Security Be Garnished for Credit Card Debt?
The short answer is no. In most cases credit card companies cannot garnish your Social Security. Federal law is explicit on this. But there are exceptions, and a few common situations can put your money at risk anyway. Here’s what to pay attentio…
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What Is a PLUS Loan? Learn More About This Federal Program
What is a PLUS loan in simple terms? It is a federal Direct Loan that can help pay school costs left after other aid is used. There are two types. Parent PLUS is for parents of dependent undergraduate students. Grad PLUS is for graduate or professional…
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Choosing the Right Mortgage Provider for Your Dream Home
Getting ready to buy a home usually means navigating a long list of financial decisions. And one of the most important steps is learning how to choose a mortgage provider that fits both your needs and your budget. Different lenders offer differen…
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What Happens If You Don’t Pay a Debt Collector?
Is another unknown number calling you? Or are collection letters filling up your mailbox? It’s tempting to ignore debt collectors and hope they’ll forget about you. But even so, you’re probably wondering: What happens if you don’t pay a debt collector?…
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Understanding the 401(k) Withdrawal Process and How Long It Takes to Receive Your Money
Retirement savings are meant to be there when you need them most, but accessing those funds isn’t always instant. Many retirees and workers alike find themselves asking how long a 401(k) withdrawal takes after they request their money. Most withd…
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Should You Get a HELOC for Home Improvements? Know Before You Borrow
Does your home need a new roof? Have you been considering building an addition? Home improvements can add value to your home, but financing them can be tricky. A home equity line of credit (HELOC) is one option. You might be wondering, “Should I get a …