A Fresh Start
The Traub Law Offce, P.C.
7719 Wood Hollow Drive, Suite 200
Austin, TX 78731
A Fresh Start
The Traub Law Offce, P.C.
7719 Wood Hollow Drive, Suite 200
Austin, TX 78731
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!It is surprising to many people when they find that their current debts affect their credit score almost as much as their previous history.
In fact almost a third of your credit score is determined by your current levels of [...]
When you get into financial difficulty you need to accept that you will have to contact the people you own money to and ensure that the lines of communication are open to help them understand your situation and hopefully allow you to work through your problems.
While many people feel embarrassed to admit that they are [...]
There is a big difference between wants and needs and when you are faced with excess debt then the only thing you really need to focus on are your needs and how you are going to pay for them.
You don’t need to own the latest wide screen television or an X-Box or PlayStation. If you’ve [...]
Most people are surprised to see how much money they waste and never knew about it until they start tracking their expenditure.
The majority of the population would have a far better credit score if they tracked their expenditure.
Often they have enough income to meet all their bills and debt repayments but get into situations where [...]
To a lesser extent than your credit history, the amount of your credit and the time you have had credit, your credit score will be affected by the type of credit that you have.
You can estimate that this will account for approximately 10 percent of your credit score on average.
As with most other areas of [...]
You will need to look at things from their point of view to understand the way that they will react to the fact that you haven’t paid your account.
They have given you a product or service that has cost them in time or money and all they expect in return is for their account to [...]
The debts that need paying first are the ones that will cause you the most grief if left unpaid.
It goes without saying that taxes are at the top of the priority list as the IRS has more powers than anyone to recover the monies owed to them and failure to pay their account on time [...]
In certain circumstances where you are having difficulty getting credit due to a low score you might need to consider getting secured credit.
Secured credit is where you have some form of collateral as security for the money borrowed.
An example of this would be a loan where you use an asset such as a house or [...]
At some stage you will want to begin saving money to cover costs that will be occurring in the future, however until you have paid off your debt that is costing you money in interest and penalties it is not wise to save money.
You need to reduce and eliminate your debt thereby cutting off the [...]
You might feel like there is no time for you to rest and relax and you feel guilty about the fact that you do occasionally take a bit of time out.
Here is the fact of the matter — no matter how much work you feel you need to do or how much income you feel [...]