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Bankruptcy: What You Need to Know

Filing personal bankruptcy is becoming more common, especially in this tough economy. Some of the stigma associated with bankruptcy has disappeared over time. People use it to wipe out debts, stave off foreclosure or just start over. Still, while it’s nothing to be ashamed of if you feel it’s your best option, you need to be aware of the ramifications of filing. It affects your credit report for 7-10 years and can negatively impact interest rates on credit cards and loans and even insurance premiums. Bankruptcy can negatively influence prospective employers. It also usually won’t eliminate child support, most student loans or taxes owed.

Bankruptcy is a Serious Undertaking

Something this important to your financial future should not be taken lightly, and one of the biggest players in this undertaking will be your bankruptcy attorney. According to the US Trustee Program, which supervises bankruptcy cases, bankruptcy mills are a growing problem. All b

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Tags: Bankruptcy, Bankruptcy Need

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Pinnacle Financial Collections for Pascack Valley Hospital Debts- Don’t Just Pay Up!

Debt collectors from Pinnacle Financial Group have been contacting former patients about alleged hospital bills/debt from the former Pascack Valley Hospital, which is now out of business. Consumers should be aware that in some instances Pinnacle Financial may be calling about a debt that is incorrect, invalid or outside of the statute of limitations.

If you have received a letter or call from Pinnacle regarding a Pascack Valley Hospital debt that you allegedly owe, you must contact them in writing within 30 days of receipt of the letter or it will be assumed the debt is valid. Any communication to a debt collector should be sent certified mail so you can confirm that you did indeed send the response and that it was received by Pinnacle. If the debt is over 6 years old, it could be outside of the New Jersey Debt Collection Statute of Limitations, that information should be included in your letter as well.

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Tags: Hospital, Pascack Valley, Pascack Valley Hospital, Valley Hospital

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Love And Money

Researchers have seen a noticeable difference when it comes to people who live together and people who are married. When people are living together, they still function as two independent souls who happen to reside under one roof. But when they marry, they begin carrying the cultural weight that for generations has come along with being husbands or wives, and their behavior changes accordingly.

Interestingly, the more financial independence a woman has the less likely she is to get married. Working women are 50 percent more likely to move in with a partner and 15 percent less likely to marry than women who don’t work steadily, according to research from Cornell University. By contrast, the more financially independent men are, the more likely they are to want to put a ring on someones finger.

Men who make an above-average salary are 26 percent more likely to get married than those who earn an average one. Read full article…

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Is That Car Loan Debt Going to Put a Strain on Your Budget?

If you are like most people, you have a casual idea of how much money you bring in every month versus how much you spend. The word budget is one of those things that youd prefer to avoid, even though you know its kind of important to keep track of how much money you have to spend on necessities, plus the things you want. When it comes to buying a car, your attitude might be that you have your heart set on driving a certain make and model and, therefore, are willing to skimp over the specifics of how exactly youre going to pay for it.

After all, youve been waiting a while to get this dream car and you saw one at the local dealership that is in the exact color you want. It also has that cool GPS system that you know will help you out when driving to out of town destinations.

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Tags: Budget

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Should you cosign for a student loan for Junior?

Many young people are unable to get private student loans without a cosigner. Their parents may step in to help them get the loans the need, but end up putting their own financial security at risk. Here are some things you should think about when weighing the pros and cons of co-signing for student loans.

Federal vs. private student loans

Your kid should always apply for federal student loans before turning to private loans. Federal loans such as the Perkins or Stafford are not based on credit scores, so there is no credit check. Students also do not need a cosigner to qualify for federal aid. However, private student loans do require a credit check, and your student probably won’t qualify without a cosigner. Depending on the lender the borrower may be required to get a cosigner even with a healthy income and credit score.

Parents’ financial profile

As a parent you should ask some questions about your financial situation–now and in the future. Use t

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Tags: Loan, Student Loan

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