Many people in Eugene and elsewhere will try anything to get out of debt before resorting to bankruptcy. While it is a good idea to reduce debt or eliminate it whenever possible, some debt-reduction methods can be more harmful than helpful over the long run. Debt...
Photo of Kim Covington
A Personalized, Sensitive
Approach To Bankruptcy
Credit Card Debt
Should you combine your credit card debts?
According to an ABC News report, the average credit card debt for U.S. households is $8,400. If you are like others in Oregon who are struggling with financial challenges, you may have considered consolidating your debts. At , we know it...
The differences between credit counseling and debt settlement
When people in Oregon are struggling with credit card debt, they may consider options such as credit counseling or debt settlement. Both of these may offer them assistance in regaining control of their finances. However, there are a number of key differences between...
Tips for dealing with credit card debt in Oregon
Like other Oregonians, you may have several credit cards that you use to make purchases. On average, American households that carry credit card debt owe $5,700, according to NASDAQ.com. Our team at knows that having such debt may affect...
Can I stop paying on some of my debts?
If you are facing serious financial difficulties, chances are that you have had to consider which debts to prioritize and which you may be able to put off paying for a short time. While it is true that you should pay all your debts whenever you have the ability to do...
The dangers of payday loans
Payday loans are a seemingly simple way for people to get short-term loans in small amounts from private companies. They usually require that a person provide a personal check, authorization for a withdrawal from his or her bank account, or permission for the payday...
How do I remove inaccurate information from my credit report?
In Oregon, the bankruptcy court does not report any information to credit reporting agencies. Due to the public nature of bankruptcy documents, credit reporting agencies routinely gather information regarding bankruptcy filings and process that information. However,...
What will happen to my credit after I declare bankruptcy?
According to the United States Bankruptcy Court for the District of Oregon, when you file for bankruptcy in the state, credit reporting agencies may take your publicly filed documents and send the information to credit reporting services who then put the information...
How can I stop creditor harassment?
If you have bills you are unable to pay in Oregon, creditors are allowed to contact you in order to arrange payment of the debt. According to the Oregon Department of Justice, a state law and the federal Fair Debt Collection Practices Act both prohibit creditors from...
Pros and cons of debt consolidation loans
Many families in Oregon are looking to debt consolidation loans to manage their consumer debt and make their monthly payments more manageable. According to Debt.org, debt consolidation is the practice of taking out one new loan to pay off existing loans with the goal...
Learn More About Your Fresh Financial Start
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.