Because a lot of myths surround bankruptcy, many people are reluctant to file even when it's in their best interest. While alternative solutions like debt settlement are touted as better than bankruptcy, they actually have quite a few downsides. The Balance explains this process so you can make an informed decision about your finances.
What is debt settlement?
How can I avoid common foreclosure scams?
People will do just about anything to avoid their home being foreclosed upon. This leaves them vulnerable to common foreclosure scams, which prey upon a person's fervent desire to retain their home. Foreclosure scams come in all shapes and sizes, which makes it difficult for homeowners to identify them when they lack the proper information. PennyMac explains a few of the more common scams and how they work so you can be sure to avoid them.