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Ways to overcome major credit card debt

Perhaps things have gotten a bit out of hand for you, financially speaking. You should know that you are definitely not the first person (nor will you be the last) in New Jersey to face such challenges. The economic condition of the state, and the nation, is constantly fluctuating. Some years, you may be on top of your game; others may find you pinching pennies a bit tighter than usual. The question is how to avoid serious financial disaster. Even if you know the answer, it's no guarantee you won't ever be in debt.

Treating your pet like family to the very end

If you have a Fido or Fluffy who has been a member of your family ever since you can remember, you are certainly not alone. You are among the fortunate many for whom a loving and loyal companion has graced your life. You may return that love and loyalty in many ways, least of which may be the amount of money you spend on food, vet bills, necessities and treats. In fact, studies show that the average New Jersey household spends about $787 a year on pets.

Not all debt settlement and repair options are created equal

You find yourself in debt, but you do not believe it is severe enough to warrant a bankruptcy filing. What do you do? Most New Jersey residents have heard of debt settlement or repair firms. You know, the ones that tell you to stop paying your creditors, pay them instead and they will work with your creditors. Sounds decent enough, and they make it seem like it will take a lot of stress of your plate, but will it?

Taking a gamble to pay off debt may not have desired outcomes

Financial problems rarely go away on their own, even if you hope that they will. Numerous New Jersey residents struggle with overwhelming debt, and though they may want their finances to get back on track quickly, finding the best method for addressing that debt could prove difficult. Though you may initially feel that you could spend the rest of your life trying to avoid creditors, various useful debt relief methods could help you work toward a fresh financial start.

Thinking about filing a Chapter 7 bankruptcy? Take a means test

If you are in a bad economic way with little hope of seeing improvement without help, you are not alone. Many New Jersey residents have been where you are. If you are thinking about pursuing a Chapter 7 bankruptcy but are not sure if you qualify, there is a simple way you can find out -- take a means test.

When are collection efforts considered harassment?

New Jersey consumers who are overrun by debt know how stressful and overwhelming it can be to feel out of control. You may find yourself in a similar situation, wondering how you will ever catch up on your owed balances and make the phones calls, letters and other collection efforts stop. However, it is possible that what you are experiencing is not normal collection practices but falls into the category of harassment.

Can bankruptcy discharge your outstanding debts?

As someone facing a variety of different types of debt, you may think that each type needs its own method of repayment or discharge. However, rather than taking several small steps in hopes of eventually getting out from under substantial debt, you may want to consider taking one significant step in order to have at least some of your liabilities forgiven. In many cases, filing for bankruptcy can help achieve such a goal.

Can Chapter 13 bankruptcy help you keep your home?

It's bad enough that some financial calamity prevented you from keeping up on your mortgage payments. Then you began receiving calls, letters and other correspondence from your lender, telling you to pay up, even though you made it clear that you aren't able to make the payments under the current terms of your mortgage loan. You probably tried everything to work something out, but your lender refuses to work with you. Now, your lender threatens to file for foreclosure and take your home away from you.

You can stop the pain and embarrassment of wage garnishment

Wage garnishment is an unfortunate consequence that many people face when dealing with overwhelming debt. If you find that the garnishment of your wages is causing further financial strain on your life and you cannot manage your outstanding balances without help, you may find it beneficial to learn how you may be able to make it stop.

Beware misguided information regarding powers of attorney

Quite a few people in New Jersey right now are probably thinking about the future and wondering if the time has come for them to execute their estate plans. The estate planning process may be simple or complex and you don't even have to complete it all at once. It's a customizable process that you can change and update as needed. If you're thinking about your estate, particularly regarding designating a power of attorney to someone, you may want to fully research the topic first.

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