If you have been sued by a creditor for money, the most important thing to do is respond to the lawsuit. Never ignore a lawsuit or complaint because if you do, you will automatically lose! The next thing to do is to contact a lawyer to get a free consultation and see what your rights are. Many times, the creditor…
To officially kick of our blog series about student loan management options, we are going to discuss income-driven repayment plans. These plans are only available to people with qualifying federal student loans that are in good standing. If your loan is in default you are going to have to rehabilitate your loan before pursuing one of these plans. There are…
Here at DRF, we regularly get calls from people that are struggling with student loan debt. Many of them have not had the chance to learn about several very powerful strategies that can be used to manage and pay off their student debt. Because of this, we have decided to start a short blog series about these management strategies, who…
When you live and spend without following a budget, it can be easy to lose track of how much you are spending and what you are spending it on. Creating and following a budget can make it much easier to prioritize the things that money needs to be used for urgently, and to make sure you aren’t spending more…
Debt can be both confusing and scary, and while there are many people and organizations that will do their best to help, there are also some that see vulnerable people as a chance to make money. For someone struggling with the daily stress of living with debt, a TV ad that promises to solve your debt problem quickly for a fraction of what you owe may seem like a no-brainer. However, frequently the companies that provide these services overpromise and even lie about what they will be able to achieve.
Attorney Richard S. Ravosa of the Mass. Debt Relief Foundation won the distinguished Paul H. Chapman award for founding and implementing the program, which helps low income Massachusetts residents who have suffered catastrophic financial setbacks get out of debt and obtain a fresh financial start. The Paul H. Chapman award is given to only five recipients a year from a…
October 25-31 is National Pro Bono week. All of us at the Mass. Debt Relief Foundation are proud to be a part of the pro bono community. In celebration of pro bono week, we’re going to begin recognizing the superheroes we are fortunate to help every day. In a series of bi-monthly blog posts we’ll share stories of clients who bravely…
The rumor on the street is that you will lose everything if you file bankruptcy. The rumor is completely untrue and is usually the opinion of uninformed people who do not know how bankruptcy works, or have heard second hand horror stories from other people who have handled their own case without a lawyer and screwed it up. The reality…
As a hardworking, decent and honest person, no doubt you want to be able to pay your bills as they become due. With the slow economy and difficult job market creating financial uncertainty in the workplace, many individuals and families find themselves having to be creative in stretching their dollars to go as far as they can. Sometimes, this is…