Some New Mexicans may shy away from bankruptcy because they believe it will be devastating for their credit. While a Chapter 7 consumer bankruptcy remains on your credit report for 10 years, many lenders are still willing to extend credit to a recently bankrupt...
Month: September 2016
Bankruptcy considerations when you own a home
The past decade hasn't been kind to many people, and the combination of job losses and a tightening economy have caused many to take on more debt.One of the biggest misconceptions about filing bankruptcy is that debtors will lose everything that they own. If you own a...
New Mexicans may find relief from heavy student loan debt
Borrowing student loans in order to attend classes can often increase a student's earning potential. Unfortunately, if the expected income does not materialize, student loan payments can become a burden.It can also happen that after leaving college, a New Mexican's...
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