The 20/10 Rule
20% - loans in total; 10% - loan payments
Jeremy's annual net pay is $80,000 which averages out to roughly $6,600 per month. So... with these numbers in mind, he should not take out more than $16,000 in loans or have a monthly payment exceed $660.
When can using credit save you money?
-Using the 20/10 rule, using credit can keep you on a budget and hopefully save you money that way!
-In general, certain stores offer special sales when using their credit card and/or cash back rewards for shopping with them.
Why are bankruptcies published in the local newspaper?
They are accessible to view in the public records; however, that does not mean they will be published! Many are not.
Why do you need an attorney for bankruptcy cases?
-A lawyer is technically not necessary but is suggested!
-Bankruptcy is a tedious and overwhelming process, so having a lawyer can make it much simpler!