by Cardinal Law Center | Jun 14, 2022 | Bankruptcy
Yes is the obvious response to this query. However, after a Chapter 7 bankruptcy judgement, various factors can impact your ability to obtain a mortgage. These include the kind of loan you’re looking for, how long it’s been since your Chapter 7 bankruptcy...
by Cardinal Law Center | Jun 14, 2022 | Baby Boomers, Bankruptcy, Debt Collection
Baby boomers appear to be in a unique situation. Despite having comparatively decent credit scores, they are heavily indebted. Take a thorough look at your finances as soon as possible if you find yourself in this scenario and are approaching retirement. Fortunately,...
by Cardinal Law Center | Jun 14, 2022 | Baby Boomers, Bankruptcy, Debt Collection, Debt Relife
In the past three decades, the number of baby boomers declaring bankruptcy has considerably climbed. In 1991, only 2% of senior citizens in the United States filed for bankruptcy; today, that percentage is closer to 12%. Although declaring bankruptcy might provide...
by Cardinal Law Center | Jun 14, 2022 | Debt Validation
According to a research conducted by the Federal Trade Commission in the United States over the last decade, almost 20% of all consumers have at least one error in their three primary credit reports.It also revealed that 5% of respondents have made mistakes that could...
by Cardinal Law Center | Jun 14, 2022 | Baby Boomers, Bankruptcy, Debt Relife
America’s baby boomers are heavily indebted. Less than half of them, however, prioritize reducing their debt, according to information provided by Ameriprise Financial. Furthermore, more than 30% of retired baby boomers have at least one debt in addition to...
by Cardinal Law Center | Jun 14, 2022 | Debt Validation
According to the Bureau of Consumer Financial Protection’s 2020 Annual Report, the Federal Trade Commission (FTC) received over 75,000 consumer complaints regarding debt collectors in the previous year. Around 45 percent of these complaints involved attempts to...
by Cardinal Law Center | Jun 13, 2022 | Bankruptcy, Divorce
Dealing with bankruptcy and divorce at the same time in one’s life can be difficult. It’s preferable not to overlap both to keep things as simple as possible. Couples in this situation are more often than not forced to file for bankruptcy before proceeding...
by Cardinal Law Center | Jun 13, 2022 | Debt Relife
The COVID-19 outbreak has demonstrated how quickly finances can deteriorate. Fortunately, this will not have an impact on the number of bankruptcies filed in 2020. While 774,940 bankruptcy cases were filed in 2019, the number dropped to 544,463 in 2020, a decrease of...
by Cardinal Law Center | Jun 13, 2022 | Breach Of Contract, Contract, Latest News
When two or more parties sign into a contract, they are usually obligated to do specified tasks. A breach of contract occurs when one or more parties fail to comply with or execute their contractual commitments. Non-performance, late delivery, and non-compliance with...
by Cardinal Law Center | Jun 13, 2022 | Landlord Litigation, Tenant Litigation
A large proportion of landlord-tenant issues are settled outside of the courtroom. However, because conflicts can range in severity from minor to big, evaluating whether or not you require legal assistance early on may be in your best interests. If not, you may have...
