WealthMaverick

Archives for July 2012

Your debt negotiation options

Negotiate Debt on your terms Getting better terms for your debt can be a tricky proposition, especially considering there are several options available to you.  Also, the type of debt you have will dictate the best debt negotiation tactic to consider.  For instance credit card debt is considered unsecured meaning that it's typically impossible to get rid of all it unless you qualify for Chapter 7 bankruptcy.  If your … [Read more...]

Stay out of Debtors Prison By Paying Your Past Debts

Have you heard of Debtor's Prison? It was outlawed in 1830's.  It sounds so barbaric to think that you can be jailed over a debt but be careful because even today there are states in the US that can jail you over specific debts.  Georgia, Louisiana, Michigan, Ohio, and Washington are states currently locking people up for past debts.  Not only that but several states are allowed to levy up to a 40% surcharge on the … [Read more...]

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Why WealthMaverick.com? We want to create a singular place online to access practical information on understanding the ramifications of debt with your financial life. We hope you find this site useful and if there is anything we can do to make it better, please let us know.