Posts by On Behalf of Giddens & Gatton Law, P.C.
Creditor v. debt collector: What is the difference?
When individuals get calls demanding they repay their debt, it is easy for emotions, like fear and anxiety, to take over. However, one question remains: who is calling to collect the debt? Is it a creditor or a debt collection agency? This is an important distinction to make. How are they different? Many New Mexicans…
Read MoreWhich type of bankruptcy best fits your needs?
If you have encountered financial challenges in 2020, you are definitely not alone in your struggle. Many New Mexico residents and others throughout the country are in the same boat. Global, national and personal economies are fluctuating systems. One or more of the three may become compromised at any time. In fact, it is not…
Read MoreMilitary families’ main worry? Financial challenges.
Military service members and their families make many sacrifices to protect the values and people of the United States. Most service members do not expect one of those sacrifices to be financial security. And yet, many military families report that debt and financial challenges are one of the largest concerns they face. What financial issues…
Read MoreHow do you handle debt after losing your job?
Losing a job can leave individuals suddenly facing considerable stress – and a lot of questions. How will they pay bills? How will they support the family? If individuals already have debt, these questions and worries only increase. Even though many employers offer a severance package to help individuals after a layoff, debt can quickly…
Read MoreTips to track your expenses before bankruptcy
Whether individuals file Chapter 7 or Chapter 13 bankruptcy, they will have to complete a considerable amount of paperwork to obtain the debt relief they need. When filling out this paperwork, one critical step individuals must take is to list all of their monthly expenses. This might seem like an overwhelming task, but individuals pursuing…
Read MoreWhat is revolving debt?
In a recent blog post, we discussed the potential dangers of credit card debt. This report also found that the total credit card debt in the United States reached an all-time high at the end of 2019. Since most adults have at least one credit card, they are often well aware of the risks that…
Read MoreTips: How to negotiate with creditors
In a recent blog post, we discussed how individuals can manage their debt when unemployed. One of the first steps involves negotiating a different payment plan with creditors. There is no doubt that speaking with creditors can be overwhelming. So, here are some tips to help individuals when they call to negotiate with creditors. Preparation…
Read MoreJob loss isn’t the end of the road
Times are tough, but it may be comforting to know that many others are in the same boat. As unemployment continues to skyrocket across New Mexico, you may have reasonable concerns about your family’s emotional and financial well-being. That’s especially the case if you get laid-off. However, it’s important to remain diligent during this turbulent…
Read MoreDoes the wage gap lead to a debt gap as well?
Since the 1960s, women have come a long way in the fight for equality in the home and the workforce. However, it is still a reality that a majority of women earn an average of 80% to the dollar that men earn. The existence of the gender pay gap can be frustrating for many women…
Read MoreRules that could help debtors identify zombie debt
Did you know that your debts have expiration dates? In many cases, if enough time passes without your making a payment, your creditor misses their chance to file a lawsuit against you for nonpayment. These “time-barred” debts may still exist, the creditors may continue to ask for payment and you may even choose to pay…
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