Thomas F. Miles, Attorney and Counselor at Law
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Posts tagged "repayment"

Beware of student loan debt reorganization offers

Many California consumers are aware of the proposed Student Aid Bill of Rights backed by President Obama. While the directive has been issued for the Department of Education to research methods for making loan repayment easier for consumers, there is no firm plan in place for how that goal might be reached. Nonetheless, that has not stopped unscrupulous companies from promoting "Obama" debt reorganization services to troubled borrowers.

Overextended credit leads to need for debt reorganization

It is very easy to allow one's finances to get out of control. In fact, may in California do not even realize the full extent of their financial troubles until a pivotal point is reached, such as the denial of a new line of credit or the need to access a non-existent emergency fund. Many consumers find themselves with overextended credit, and have little idea how things got to that point. For many, the solution to this problem lies in debt reorganization.

Repayment programs may not ease unmanageable debt

Many California consumers are highly distressed at the volume of unpaid debt they are facing. Even when bankruptcy seems to be the best possible course of action, many individuals will make a concerted effort to repay their debts. One option is a repayment plan, which can help consumers gain control of unmanageable debt. Not all such programs are created equally, however, and some can cause more damage than relief.

Tackling unmanageable debt, military style

Feeling overwhelmed by mounting debt is a difficult position to live with. The stress associated with unmanageable debt can bring a range of negative consequences to one’s health and interpersonal relationships. Finding a way out is important, before these ill effects present even more problems. One recently published book aims to give California readers a different perspective on how to approach high levels of debt.

Can consolidation offer a path toward debt reorganization?

Anyone who has struggled with high levels of debt knows how stressful it can be to feel helpless in the face of mounting bills. Many California residents will consider a wide range of debt relief options before choosing a course of action, including debt consolidation. Understanding the pros and cons of using consolidation as a means of debt reorganization can help consumers to make the best possible choice for their own unique financial scenario.

Strategies for paying down unmanageable debt

A great number of California residents face mounting levels of consumer debt. This can lead to high levels of stress, as well as an inability to set aside money for retirement, savings or emergency needs. One way to address this issue is to design and implement a strict repayment program, which can give individuals a measure of control over unmanageable debt.

Unmanageable debt and student loan scams

The value of a college education is still considered to be one of the most important assets that a young person can gain. However, the cost of higher education has grown considerably over the years. In many cases, students graduate with unmanageable debt, and with little prospects for repayment in a timely manner. This can lead to a scenario in which California residents are targeted for student loan debt relief scams. It is important to be aware of the warning signs that a debt relief offer is simply too good to be true.

Older Americans facing unmanageable debt

As retirement approaches, many California residents find themselves far from prepared to set aside their careers and move into a new phase of life. Often, financial strain and a series of unforeseen circumstances leave individuals unable to begin retirement in the way that they once imagined. A significant percentage of aging Americans are facing unmanageable debt, just as their working lives are beginning to wind down.


Thomas F. Miles, Attorney and Counselor at Law
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