It's a common occurrence that many people end up in a financial dilemma that leads them to file for bankruptcy. Many California consumers can be affected when it comes to student loans after filing for personal bankruptcy. Usually, it takes up to five years from the time of discharge for student loans to be approved.
California program may eliminate debts for student loans
Borrowers have been drowning in student loan debt for a considerable amount of time. Each year, the amount of student loan debt in California keeps on rising. While student loan debt itself is generally not dischargeable in bankruptcy, certain borrowers may be able to get the relief they need and eliminate debts that can help them remain financially afloat.
California consumers can avoid holiday credit card debt
The holidays are right around the corner, and that means consumers are likely to increase their spending habits. Many California consumers are usually on the hunt for the perfect gift for their family members and close friends. It's important to exercise smart spending habits during the holidays in order to avoid high credit card debt.
California programs may help stop foreclosure
The state of California has imposed a new law that may help struggling homeowners stay in their homes. The program called "Keep your home", has went into effect in an effort to stop foreclosure. Freddie Mac and Fannie Mae are two of the financial institutions that participate in this program.
