Bad Credit Repair GuideYour Solution to Bad Credit Problems!

Chances are there’s a surprise from your employer on its way to your mailbox, and it’s not a Christmas card.

As they seem to do every year, health care premiums are going up in January, note Chicago bankruptcy attorneys. And employers are passing those costs on to us. Sometimes insurers will include a vague reference to costs associated with the federal healthcare reform as explanation for the hike, and sometimes they’ll provide no reason at all. But while insurance companies can play it off like no big deal, a 20 percent increase in monthly payments presents a real problem for Americans hoping to get their spending on track for 2011.

Rate hikes hurt, but there are a few ways to make them less painful. For instance, are you regularly taking one or more medications? Switching from a brand-name to a generic can often save a bundle.

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You might want to consider chapter 13 bankruptcy…

Very often I will sit down with a new consult and one of the first things they say is “I want this to be a Chapter 7 bankruptcy, I don’t want Chapter 13.”  I always then ask “Why do you say that?” because the answer gives me insight into what they have already learned (either through reading or talking to someone else, which is often wrong) and what kind of result they are looking for.  Very often these same folks end up being excited about the idea of going through a Chapter 13 bankruptcy.  Here’s why:

Chapter 13 bankruptcy is a wonderful tool that creates results in certain circumstances that we cannot make happen in Chapter 7 such as:  Catching up mortgage arrearages over time and avoiding foreclosure, stripping second and third mortgages from a primary residence, managing nondischargeable IRS or other debt that we cannot get rid of in Chapter 7 (like alimony/child support arrearages or some fraud judgments) and cramming down secured debt on some vehicles (along with the interest rate on the debt).  If a debtor has consistent income, but it doesn’t seem to be enough to go everywhere they need it to, then Chapter 13 may very well be the answer.  This is how it works:

Repayment Plan Created

In Chapter 13, the debtor creates a Plan that will be followed for three to five years.  As long as the Pla

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Repair Credit Fast “secrets” help Rebecca put more money in HER pockets while saving her credit at the same time. Combine clear strategy with ACTION and you have yourself an amazing recipe for success.

Rebecca, one of my “inner circle coaching club” students shared a fascinating little (well, I wouldn’t call it “little”) discovery with me the other day about slashing credit cards.

Rebecca’s “discovery” is quite clever, and she wants to share something “killer” with you.

Rebecca was 3 or 4 months behind on the minimum payment on her Bank of America Mastercard.

And the big-bad alligator with ferocious chompers was bearing down on her…with penalties she owed about $500 minimum.

Her total balance on the card was about $4,000. Her LIMIT was $2000.

OUCH! So even on months when she was up to date she was getting hit with a $29 overlimit fee. This ate up most of her m

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We’re struggling to scrape together the funds to pay the mortgage, buy groceries and put gas in our tank – so why are so many of us spending money on exercise machines, household cleaners and Snuggies?

Chalk it up to the infomercial phenomenon, say Chicago bankruptcy attorneys. Sales of “As Seen On TV” products are skyrocketing just as families are cutting back everywhere else. Why? Maybe because the products are pitched as a way to buy happiness. You might not be able to afford a nice vacation or new clothes, but for three small payments of $14.95, according to infomercial hosts, you can get rock-hard abs.

Thanks to the economy, it’s cheaper than ever for advertisers to buy commercial slots. With many of us working fewer hours and spending more time at home to save money, we’ve got more time to watch TV.

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