Debt Help For Single Mothers

debt

Having debt adds to the already heavy financial burden that single mothers bear, but unfortunately, it is an increasingly common occurrence in today’s financial world due to credit cards and loans being offered with higher interest rates. At SingleMomFinancialHelp.com, if you need debt help, we want to give you ways to overcome these obstacles by providing you with information about consolidating or managing your debt, as well as details about bankruptcy, and how best to communicate with debt collection agencies.



Debt Consolidation with Credit Cards

December 12, 2011

How many credit cards do you have? If the tiny amounts due every month on your credit card debt is adding up to a substantial amount of your income every month, the single mom may be looking for ways to combine them all into one payment. She may be tempted by the offers to transfer [...]

Debt Consolidation Options for Single Moms

November 14, 2011

Debt consolidation companies advertise all the time. Surely you’ve seen the commercials claiming that if you have more than $10,000 in debt they can help you. But they can be helpful as well, when you have less debt. Single moms often find themselves dealing with collection agencies at one time or another. This could be [...]

What if the Credit Counselor Disappears?

September 20, 2011

There are some debt management companies out there who have defrauded their customers. In fact, the Federal Trade Commission and some state Attorneys General have sued companies because they call themselves credit counseling organizations. Many of the companies that the government has taken action about have misled their customers about the benefits of the services [...]

Threat of Wage Garnishment

August 17, 2011

One of the ways a creditor can collect the money that you owe is by garnishing your wages. This is a good tactic because the debtor knows how damaging this avenue can be. First there is the panic of how the single mom will be able to take care of her family if her paycheck [...]

Have Any Extra Cash? Start With Debt Consolidation

Thumbnail image for Have Any Extra Cash? Start With Debt Consolidation July 13, 2011

As a single mom who is on her way to building her credit, getting her debt under control with the use of debt consolidation was an important step. Even though the overall debt hasn’t been reduced by the consolidation of all of your credit accounts into one loan, the monthly interest fees and minimum payment that has [...]

Bankruptcy Discharge Information You Must Know

Thumbnail image for Bankruptcy Discharge Information You Must Know July 4, 2011

Depending on what type of bankruptcy the single mom is involved in, the bankruptcy discharge will vary. The discharge is the permanent order that prohibits creditors from trying to collect on debts that were covered in the bankruptcy case. Personal contact, telephone calls, and letters and legal action against the debtor are all prohibited once [...]

Debt Management: One Size Does Not Fit All

Thumbnail image for Debt Management: One Size Does Not Fit All June 27, 2011

When it comes to managing debt, there is always a financial wizard available to tell you that their way is the best way. The single mom knows that this just can’t be true or there would only be one ‘best way to successful debt management’. Each case is unique, and each family has to find [...]

Statute of Limitations Could Halt Debt Collection

Thumbnail image for Statute of Limitations Could Halt Debt Collection June 1, 2011

If you own debts, especially ones you are struggling to repay or that could be turned over to debt collectors, then you need to take the time to research the statute of limitations (SOL) in your area. If the debt is old, you just might get a free pass and not have to repay it. [...]

Debt Consolidation and Debt Settlement: Like Apples and Oranges

Thumbnail image for Debt Consolidation and Debt Settlement: Like Apples and Oranges May 26, 2011

When you need help getting your finances in order, there are several options that you can use and low cost and free resources that will help you work to get out of debt. Each of the option have success stories as well as failures, but the more you know about them the better able you [...]

Is Bankruptcy Negatively Affecting Your Kids?

Thumbnail image for Is Bankruptcy Negatively Affecting Your Kids? May 19, 2011

As the single mom copes with all of the stresses that have led up to her decision to file for protection by declaring bankruptcy, she has to remember that the kids have noticed that something is going on whether they have asked questions or not. Many parents feel that financial matters are best hidden from [...]

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