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So far Mark Rubin has created 106 blog entries.

Which rights do you have during a foreclosure?

With foreclosures in the Dallas area on the rise, we are hearing more and more questions about the rights that homeowners have during the foreclosure process. Foreclosure is obviously a challenging and confusing time, and understanding your rights is crucial for navigating the process effectively. Since we know more people are searching for these answers, I wanted to outline the key rights you have as a homeowner in Texas during foreclosure.

Right to Notice

Notice Before Acceleration: In Texas, before your lender can accelerate your loan (demand the full balance), they must provide you with a notice that gives you at least 20 days to “cure the default” (the official term for paying off the overdue amount and late fees). (more…)

By |2024-01-18T09:20:09-06:00January 18th, 2024|Bankruptcy, Debt, Foreclosure in Texas, Personal Finance, Texas Bankruptcy|

Only half of Americans think they can pay off their December credit card bill

Stressed man thinking about credit card bills he cannot payOnly 51% of Americans in a recent survey were confident that they could pay off their credit card bills this month – a big increase from the same time period last year. Every month, LendingTree conducts its Credit Card Confidence Index, and the December 2023 results are the worst since the survey began in September of 2018.

According to the report released last week, a “nationally representative” survey of American credit card holders showed that 49% did not think that they would be able to pay off their credit card bills this month. Only last month, the November survey results showed that only 42% were not confident about paying their bills. The previous low point was set in June 2022. (more…)

By |2024-01-02T12:12:41-06:00December 28th, 2023|Bankruptcy, Debt, Financial, Money Management, Personal Finance|

8 Holiday Shopping Tips for 2023 To Avoid Racking Up Debt

holiday shopping tips to help you avoid additional credit card debtThe 2023 holiday shopping season is finally upon us. Notoriously, holiday shopping is one of the largest contributors to increased credit card debt – people get in the holiday spirit and spend much more than they should.

This year, you can shop smarter and still get gifts for everyone on your list, all while avoiding additional credit card debt. With some planning and a little bit of self-control, you won’t have to worry that this year’s holiday shopping season will break the bank. To help lessen the stress of holiday shopping, we put together a list of 8 holiday shopping tips that will help you shop responsibly and avoid adding more credit card debt: (more…)

By |2023-11-30T15:55:55-06:00November 29th, 2023|Personal Finance, Saving Money|

How to choose the right bankruptcy lawyer

how to choose the right bankruptcy lawyerIf you’re struggling with overwhelming debt and considering bankruptcy, the biggest question in your mind is probably “Which bankruptcy lawyer should I go to?” It’s one of the most important decisions to make – filing bankruptcy will have a significant impact on your life. Bankruptcy law is very complex, with many twists and turns, and traps for the unwary. If you need to file bankruptcy, choosing the right lawyer is critical.

The simple truth is that a more experienced attorney will do a better job, which means getting you the most benefit from filing and avoiding the mistakes that someone less experienced is bound to make.

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By |2023-11-01T08:06:50-05:00October 30th, 2023|Bankruptcy, Texas Bankruptcy|

Five signs that you are living beyond your means

signs you're living beyond your meansBankruptcy is more common than most people realize… In today’s world, it’s far too easy to accumulate overwhelming debt and lose control. While an unexpected bump in the road (like an automobile accident or loss of a job) can lead to a bankruptcy situation, many times, people start down the road to bankruptcy because they are simply living beyond their means.

If you’re spending more money than you are making, you are living beyond your means. Society pushes for instant gratification and a “you only live once” mentality – but that’s not a great strategy for handling your debts.

It does not take much to start living beyond your means, and many times, it’s the beginning of a downward spiral that cannot be stopped. Once the debt starts to multiply, it is harder and harder to find your way out of the difficult situation you’ve put yourself in.

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By |2023-12-01T14:49:28-06:00September 28th, 2023|Bankruptcy|

Why do people delay filing for bankruptcy?

couple stressed out over bills and delaying bankruptcyWhether we are in a recession or not, it is not easy to earn enough to live comfortably in today’s world. You would be surprised to learn how many Dallas-area residents struggle on a monthly basis to simply make ends meed. Adding children or additional vehicle payments to the mix make a difficult situation even tougher. All it takes is one unexpected expense to send finances (and debt) spinning out of control.

Sure, many families put money aside for unexpected expenses, they rarely have enough to cover for whatever might happen. Whether it’s an accident, the sudden loss of a job, an illness, or even a natural disaster, it does not take much to deplete any savings. Before long at all, bills start to pile up and debt starts to grow to uncontrollable levels. (more…)

How old do you have to be to file for bankruptcy in Texas?

Dallas bankruptcy attorneyWe are seeing an increasing number of younger clients come in for free consultations and ask if they are old enough to file for bankruptcy. While there are government-set age limits for driving, voting, and drinking, you may be surprised to learn that there is no age restriction for bankruptcy.

In fact, the absence of an age limit for bankruptcy made the news back in 1998 when a 10-year-old in Maryland filed for Chapter 13 bankruptcy. Yes, you read that correctly – a 10-year-old filed for bankruptcy.
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By |2023-07-31T09:04:19-05:00July 28th, 2023|Bankruptcy, Debt, Money Management, Texas Bankruptcy|

Busting 5 common bankruptcy myths

bankruptcy mythsWhen potential clients call us, they are usually stressed and scared. When you are drowning in uncontrollable debt, and you’re in danger of losing your car or your house, being afraid is understandable.

When you’re scared, believing just about anything you hear is easy. There are many myths and misconceptions about bankruptcy floating around, so we thought it would be helpful to dispel some of the more common myths. So without further ado, here is the truth behind the five most common myths about bankruptcy:

1) Only bad people file for bankruptcy

Bad things happen to good people all the time. It does not take much to start a downward spiral of debt – a sudden job loss, a salary reduction, or an accident with huge medical bills might be all it takes to cause your debts to spiral out of control. Bankruptcy laws were created to give good people a fresh start – you are definitely not alone! (more…)

By |2023-12-01T14:52:25-06:00June 29th, 2023|Bankruptcy|

Your Credit Score: What the Number Really Means (and What It Doesn’t)

Everyone knows that their credit score is important – but most Americans don’t understand how the scores are assessed or affected by their actions. Ideally, you want a credit score in the 700-800 range, but what does that really mean – and how do you get there?

Your credit score is calculated by one of the credit reporting agencies – EquiFax, Experian, and TransUnion. These agencies assign your credit score based on current and historical factors, and the score is an assessment of how likely it is that you’ll repay any debts that you accrue. The majority of the score is related to your past payment history and your current level of debt.

Lenders use your credit score to determine how risky it would be to lend you money. With higher credit scores, your loan terms and interest rates will be much better. If you have a lower score, you’ll be assigned a higher interest rate, since the risk is greater for the lender. If your score is low enough, you may not even be approved for the loan or credit card. (more…)

By |2023-06-01T09:51:08-05:00May 25th, 2023|Bankruptcy, Bankruptcy Myths, Financial, Personal Finance|

Bankruptcy Do’s and Don’ts

bankruptcy tips for Dallas residentsIf you’re on our site, you’re either considering bankruptcy or in the process of filing. Don’t be intimidated – we help tons of Dallas-Fort Worth area families just like you with bankruptcy cases every year. It’s an unfortunate truth of life – sometimes bad things happen to good people.

Sometimes, all it takes is one financial bump in the road – an unexpected job loss, a salary reduction, or a large medical expense – and you’ll be forced to file for bankruptcy. The bankruptcy laws were put in place for just this reason… Everyone deserves a fresh start.

You’ll definitely want to consult with your bankruptcy attorney once you’ve decided to file, but these are a few guidelines that can help you prepare for your bankruptcy. We’ve shared several tips to help you get ready to file, so you’ll have a better understanding when you discuss your situation with your attorney.

Things to do before filing for bankruptcy

1. Take a deep breath and try to relax. Filing for bankruptcy is a scary process, and most people are incredibly stressed out from the overwhelming debt and relentless calls from debt collectors. Your bankruptcy attorney is there to help you through the process. They’ll help explain the process so you understand what’s happening and what’s coming in the future. Take a deep breath and think about how much better your life will be once you have a clean slate. (more…)

By |2023-05-01T11:02:43-05:00April 20th, 2023|Bankruptcy|
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