Thursday, 21 August 2014 00:00

Bankruptcy San Diego

Bankruptcy San Diego

There are 2 main types of bankruptcy for consumers:
Chapter 7 bankruptcy allows someone to eliminate the most unsecured debts in a matter of just a few months in return for giving up all of their "non-exempt" property.
Most people in debt who file for Chapter 7 may not be available to pay off unsecured debt creditors.
This is known as "no asset" bankruptcy, and most Chapter 7 bankruptcy are of this type.
Chapter 13 bankruptcy takes about 3 to 5 years. Rather than giving up property that you own, you may choose to repay a portion of your debts and live within a budget that is kept monitored closely by a bankruptcy court trustee. If you don't think you can manage required monthly payments, your Chapter 13 bankruptcy fails and your debt will remain (unless you convert to a Chapter 7 bankruptcy).

bankruptcy san diego | bankruptcy attorney san diego | debt relief

Thursday, 21 August 2014 00:00

Debt Consolidation San Diego

Debt Consolidation San Diego

How Can Debt Consolidation Save Money?

This may depend on the type of Debt Consolidation Program you want to use. It is likely that any Debt Consolidation Program you will choose can save you a large amount of money when compared to the very minimum payments. You may use a debt calculator to look at your specific situation and how much you can save.

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Thursday, 21 August 2014 00:00

Debt Consolidation Loans

Debt Consolidation Loans

If you are still making the minimum monthly payments on your credit card debt, the chances are high that you're mostly paying just the interest, and not paying down the actual principal amount by much if at all. This won't make much of a dent in your ovarall debt. And if you miss your payments or exceed your limit, your credit card interest rate will only go up. Replace your credit card debt with consolidation loan, where your interest rate won't change and your principal loan amount gets paid down as you make fixed monthly payments.

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Thursday, 21 August 2014 00:00

Student Loan

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Student Loan

The common misperception that once a student takes out a student loan, they are obligated to pay it all back no matter what the circumstances are. This is not completely true. While a lot student loan debt may not be forgiven through bankruptcy, attorney Chris Bush at DebtDoc may have many ideas to help you reduce or get rid of your debt.

However, it is still important to note that the process of relieving student loan debt is different from the process of discharging other types of debt and will require a very detailed analysis of the many types of student loans as well as an examination of the history of the loans.

student loan | student loan san diego | student loan debt relief

Thursday, 21 August 2014 00:00

Bankruptcy Attorney San Diego

Bankruptcy Attorney San Diego

Bankruptcy is a federal legal status of a person in debt or other entity that is not able to repay the debts it owes to their creditors. In many jurisdictions, bankruptcy is imposed by an order of the court, often initiated by the debtor.

Bankruptcy, however, is not the only legal status that a person in debt or other entity may have, and when we say bankruptcy, it isn't synonym for insolvency. In the United States, bankruptcy is applied more broadly to formal insolvency proceedings.

bankruptcy attorney san diego | bankruptcy attorney | bankruptcy chapter 13

Thursday, 21 August 2014 00:00

Student Loan Consolidation

Student Loan Consolidation

Student Loan Consolidation can be the right option if you:

Have loans with multiple lenders
Have a lot of student loan debt
Posess more than one type of federal loan
You have loans with variable interest rates
You have trouble paying the amount due on loans and need to organize a lower payment

Realize there are many advantages and disadvantages to a student loan consolidation.

Pros
One servicer, one bill, one payment
Lower monthly payments
Fixed interest rate

Cons
More monthly payments
More interest to pay
Loss of loan incentives

student loan consolidation | student loan debt forgiveness | student loan debt relief

Thursday, 21 August 2014 00:00

Federal Student Loans

Federal Student Loans

Federal student loans are loans that must be repaid, plus an agreed upon interest rate. New federal student loans are run through the Federal Direct Loan Program (FDLP). An FDLP student loan is originally borrowed from or currently owned by the Department of Education. Any federal student loan borrowed after June 2010 are FDLP loans, though the barrower of the student loan could receive FDLP loans before that time.

federal student loans | bankruptcy attorney san diego | student loan debt relief

Thursday, 21 August 2014 00:00

San Diego College

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San Diego College

Thursday, 21 August 2014 00:00

Debt Consolidation

Debt Consolidation

If you are interested in a debt consolidation plan you will be able to combine most, if not your complete unsecured debt and make one simple monthly payment. The debt accounts will still exist, but will be paid monthly through your account. You may find that by engaging in a debt consolidation program you will become much more organized and accurately know your financial obligations for each month. Debt consolidation can also lower one's monthly payments.

debt consolidation | debt relief san diego | student loan debt relief

Thursday, 21 August 2014 00:00

Student Loan Forgiveness

Student Loan Forgiveness

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Auto Loan Delinquency Rising

Late Car Payments?

The number of people 90 days late in car payments approaching peak levels since the subprime crisis of 2010.

If you’re late on your car payments, come in for a Chapter 13 consultation!

Compassionate. No-nonsense. Great job. Saved me $85K!

I had three choices: two large groups, or DebtDoc. I chose DebtDoc because of their numerous excellent reviews from clients as well as other attorneys. Also, I wanted someone to provide personal service and have a vested interest in my difficult student loan case.

I certainly made the right choice. DebtDoc's attorneys personally answered two of my phone calls and regularly answered my emails, even on one Sunday evening.

After 30 years of student loan "prison", he got me freedom AND he even got the US Dept. of Justice to dismiss 25% of my loans, which saved me $85K.

I feel like I have a new lease on life because of DebtDoc. I wish I could recommend 10 stars.

Client Testimonial

To whom it may concern,
DebtDoc's attorneys are extremely knowledgeable with the complexities of Federal Student Loans.
I went from a thriving career to full medical disability, ending with an SSDI placement. Unfortunately, I lost everything and became unable to continue making the student loan payments, so it was in deferment for over five years. When the SSDI settled I tried to negotiate an affordable payment plan with the loan holders but they refused my efforts, instead demanding over twice the amount I could afford.
I contacted DebtDoc and found them to be courteous, responsive and quick to assess my situation. They were sure they could help and took time to answer all questions, which relieved much anxiety. Within months they successfully resolved the debt! With much confidence, I highly recommend DebtDoc.
Sincerely,
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