You may have heard that it is nearly impossible to get student loans discharged in bankruptcy proceedings. Generally, this is true, and there are more repayment options with federal loans.
Unpaid medical bills from an accident or illness that wind up in collection can really tank an otherwise adequate credit score. Consumers can avoid fiscal disaster by remaining proactive about their finances.
If you can no longer afford to pay the mortgage on your home, you may be weighing the consequences of proceeding with either foreclosure or a short sale. Before you commit to one course of action or the other, consider the process involved and the tax implications of each option.