After you have gone through a bankruptcy or experienced significant financial troubles, you might have been told that you need to avoid credit card debt. This may be true, especially if it was heavy credit card debt that got you into financial trouble in the first...
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Can you do anything about student loans you cannot pay?
Many types of debt can be discharged through a Chapter 7 bankruptcy, including credit cards, medical debt and fees resulting from late utility payments. However, as many people in Eugene have become aware, federal student loans are one type of debt that is not...
What happens if I marry someone with bad credit?
Getting married is one of the biggest life changes you will experience. After marriage, you will share many aspects of your life going forward, including the financial ones. Like some Eugene residents, you might wonder how your future spouse's credit rating will...
What is the debt statute of limitations in Oregon?
Previous posts in this blog have discussed what may happen if you fail to pay your credit card debt. If you simply ignore the debt, it will not go away anytime soon, and is likely to be taken to collections. Your credit, in turn, will suffer. You might have heard...
What do you do if you get a collection notice?
It can be an unpleasant and stressful situation to check your mail and find a notice from a collection agency. If you have an old debt that has defaulted or a debt you were not aware you owed, it could have been turned over to a collection agency for them to attempt...
When is it time to file for bankruptcy?
If you are having a difficult time financially, you may already know that filing for Chapter 7 or Chapter 13 may be an option for you and other Eugene residents. However, you may wonder when you should stop attempting to make it on your own and file for...
Criminal court practices may create a debtors’ prison
In centuries past, people across America would be imprisoned for failing to pay their debts. Fortunately, debtors’ prison is now illegal in Oregon and elsewhere. However, this does not stop unscrupulous debt collectors from telling debtors that they can be sent...
Stopping creditor harassment for a debt you do not owe
Our blog post last week discussed the possibility of a creditor going after you for the debts of a deceased parent. While you can be reassured that, unless you co-signed on a parent’s loan, you should not be held responsible for repaying a parent’s debt,...
Will my deceased parents’ debt affect my credit rating?
There is much that you have to deal with after the death of a parent, from the funeral arrangements to sorting out personal items. This should be a time for you to reflect on the life of your loved one and to cherish those memories – not to have to worry about...
Gambling addictions may result in cycle of debt and depression
Debt can take many forms. Some people may be up to their ears in credit card debt, while others have student loans and medical bills. Some Eugene residents are struggling with paying their monthly utility bills, especially if their mortgage and car payments are more...
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The Law Office of Kim Covington, is a woman owned debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 24 years.