Consumer Law Pro

Both a short sale and a foreclosure may result in a deficiency balance owed to the lender. However, if you have just one loan on your residence, many lenders will forgive the remaining balance and report the debt as settled...

Debt Settlement vs Bankruptcy You may have heard commercials from debt settlement companies promising to settle debts for pennies on the dollar or for low monthly payments. You should be skeptical about these claims. Many national debt settlement companies do...

What happens to your home when you file bankruptcy depends on how much equity you have in the home and which chapter of bankruptcy you file. In a chapter 7 bankruptcy, your home is at risk of being liquidated if...

Medical debt credit reporting legislation signed into law in Colorado CO becomes the first state to prohibit medical debt information from being included on consumer credit reports and factored into credit scores, except under very narrow circumstances. The legislation is set...

Life is unpredictable. Our circumstances can change without warning and this includes our finances. You may find yourself in a situation where necessary expenditures exceed your income. This is where payday loans seem like the only alternative: you receive money...

Over the last few years, debt relief services have promoted themselves as a lifeline to those experiencing financial hardships. These companies use a variety of methods to negotiate, settle, and in some instances, eliminate debt. But most debt relief companies...