Category Archives: Financial Literacy

consumer debt

So long debt settlement, hello bankruptcy? | Interest.com

Like most of us, find­ing a solu­tion to my debt prob­lems has led to sev­eral dif­fer­ent options. Debt set­tle­ment firms have plas­tered their info on the Inter­net — …Read the Rest

consumer debt

Do It Yourself Debt Settlement

This site rein­forces the con­cept that the major­ity of debt set­tle­ment com­pa­nies are a scam — employ­ees at one firm have been …Read the Rest

Credit Debt Settlement

Test Your Financial Literacy This April

April 30 Q. True or False: A bank­ruptcy stays on your credit report for seven years. Answer: False Accord­ing to the Fed­eral Trade Com­mis­sion, a bank­ruptcy stays on your credit report for 10 years and can make it dif­fi­cult to obtain credit, buy a home, get life insur­ance or some­times get a job.  By law, […]