What happens when creditors file debt-related lawsuits? Individuals and businesses owed money by others have the right to collect on those debts. Collection activity often begins with written notices sent in the mail, emails and phone calls. If the people who owe money are not quick to respond and make arrangements or payments, then creditors may need to become more aggressive. Frequently, businesses owed money may decide…
https://www.ncbills.com/blog/2....025/04/what-happens-

Why bankruptcy is often more effective than debt settlement Debt settlement services often sound attractive initially. The idea of settling a debt for less than the full amount due is obviously appealing to those struggling with their budgets. The ability to arrange for a debt settlement without actually negotiating with creditors is even more appealing. Debt settlement services advertise aggressively and tell consumers that they can help them reduce…
https://www.ncbills.com/blog/2....025/03/why-bankruptc

Bankruptcy or divorce: Which should come first? Money troubles often strain marriages to the breaking point. In fact, financial stress ranks among the leading causes of divorce. For most North Carolina spouses, economic strain gets worse after they go separate ways. But when overwhelming debt coincides with ending a marriage, many couples face difficult decisions about timing these major life changes. Understandably, the emotional and financial toll…
https://www.ncbills.com/blog/2....025/02/bankruptcy-or

Life after bankruptcy: Rebuilding your credit Filing for bankruptcy marks a new beginning in your financial journey. While this decision often comes after facing overwhelming circumstances like medical bills or job loss, it’s a vital option to restart your financial life. Many Americans take this step due to situations beyond their control, proving that bankruptcy doesn’t define your future. With proper guidance and determination, you can…
https://www.ncbills.com/blog/2....025/02/life-after-ba

How North Carolina is helping reduce medical debt There have been widespread employee layoffs across the federal government and talk about doing away with some federal agencies completely. Among these is the Consumer Financial Protection Bureau (CFP. If the CFPB is gutted, many current and pending regulations to help protect Americans from overwhelming debt could be at risk. Among these is the rule approved under the Biden administration…
https://www.ncbills.com/blog/2....025/02/how-north-car