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Promoting a Proactive Approach towards Financial Security

April 2019 Archives

Getting business loans after a bankruptcy

Getting a business loan in California can be complicated for those who have filed for bankruptcy in the past. This is generally true whether a person filed for a liquidation or reorganization bankruptcy. However, it is usually easier to get financing the farther removed from the event a person is when asking for a loan. It is important to know that a business owner's personal credit score may not come into play.

Student loan bankruptcy rule may soon change

Levels of student debt are higher than they have ever been for students and ex-students in California. However, discharging this debt in bankruptcy is nearly impossible. To help alleviate this problem, the American Bankruptcy Institute's Commission on Consumer Bankruptcy is proposing sweeping changes to bankruptcy legislation that would make it easier for people to file. Bankruptcy law hasn't changed since 2005 when it was made much more strict for borrowers.

Common lines debt collectors use during phone calls

Debt collectors in California and other states may try to convince debtors that it is in their best interest to pay off a debt. In most cases, debt collectors are trained to say whatever is most likely to solicit the response that they want. For instance, they may say that paying a debt balance off could result in an increased credit score. While this could be true in some cases, negative information may still remain on a credit report.

How out-of-network charges surprise patients

Some people in California may be among the 1 in 7 nationwide who are surprised by medical bills from out-of-network providers despite visiting an in-network hospital. The incidence varies from state to state, with admissions that include at least one out-of-network claim below 2 percent in Michigan but higher than 26 percent in Florida.