4 Tips to Get Out of Default Status on Your Student Loans

When your student loan account falls into default status after 270 days (9 months) of missed payments, it's easy to feel overwhelmed by the whole process. You may be getting constant calls from debt collectors, struggling to get by on bad credit, and facing a range of related legal issues. If you have defaulted on your student loan, don't assume that it’s the end. You still have the potential to get out of default by Read More

What Happens if I Fall Behind/Default on my Student Loans?

It can be tough to keep up with your student loan payments, especially considering the increasing cost of tuition in recent years. Even so, you should always try your best to manage your loans, because falling behind or defaulting can lead to a host of negative consequences. Student loans are generally not dischargeable in bankruptcy after all, unless you sue and successfully establish undue hardship. In case you Read More

Judicial vs. Nonjudicial Foreclosure in Oklahoma

If you miss enough payments on your home, your lender can sell the house on your behalf in order to cover your debts. This process is known as foreclosure, and it usually works in one of two ways, depending on your state. Lenders can foreclose via the court system in some states (called judicial foreclosure), and in other states they can use specific procedures outside of the courts (called nonjudicial foreclosure). Read More

4 Things to Do Next After Your Debts Have Been Discharged from Bankruptcy

If you've recently had your debts discharged from bankruptcy, you're probably ready for a fresh start. Bankruptcy offers a clean slate in many ways. You may want to focus your energy on reestablishing your finances, redefining your spending and saving habits, and rebuilding your credit. Here are a few key tips to get you started. Adjust your financial habits—and your attitude. First off, you'll need to do a Read More

Bankruptcy 101: Understanding the Automatic Stay

Filing for bankruptcy is a big decision and one that you definitely don’t want to take lightly. When making the decision, you want to make sure you are informed about how bankruptcy will impact your financial situation, both in good ways and bad. When researching bankruptcy, many people run into a concept called an ‘automatic stay’ and aren’t sure what it means. An automatic stay is actually one of the most Read More