Have you ever found yourself wondering what happens when you borrow money or buy things on credit?
People borrow money for a lot of reasons: Maybe they want to buy something big, like a house or a car, or they have a wedding to pay for. Sometimes they need to pay for college. And sometimes, they just need to get their hands on some cash so they can pay their monthly bills.
Learning more about how borrowed money creates interest is important to all of us. What questions do you have about interest rates? Visit packard.law to learn more.
Packard & Packard, PLLC updated their info in the about section.
Packard & Packard, PLLC updated their phone number.
Packard & Packard, PLLC updated their website address.
Packard & Packard, PLLC updated their address.
Read our blog on Homestead Exemption: How they work, and how they differ. https://bit.ly/2U3HWY9
Interest rates have changed a lot over the years. Remember when unsecured credit cards carried interest rates somewhere between 12% and 18%, and secured loans somewhere between 4% and 12%? Those were good times.
Unfortunately, interest rates have gone up since then. I have seen credit card interest rates of 24% to 29%, or even more, and secured debts with interest rates of 18% to 22%! With lenders charging more nowadays, people are paying more than ever.
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This video will explain some of the dangers of pawn shop loans. Have you ever wondered about the interest rates they typically charge? Visit Packard.law to learn more about the dangers of high interest rates!
Pawn Shop Loans! These can sound like a fast and easy way to get money. Although that may be true on the front end, you’ll pay outrageous amounts of interest when all is said and done.
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We frequently see loan shops strewn across town. Many of these shops offer so-called “short term loans” also known as “Pay Day Loans.” Learn more in our blog. https://bit.ly/377V6JQ
If you’re into DIY, you always have the option to pay off the debt as fast as you can. Another option is to call up the creditor and explain that you think the interest rate is unreasonably high and try to renegotiate a lower rate. Read our blog to learn more. https://bit.ly/39Gdht6
In a perfect world, you might be able to pay off your debts fast. The problem is, it takes money to do that, and a lot of it. If we had that kind of money, most of us would have paid off our debts long ago.
When calling your creditors complaining and requesting that they lower their interest rates doesn’t seem to work out, it’s a good idea to know your options on how to move forward in ridding yourself of debt.
Click this link to learn more: https://bit.ly/39Gdht6
Packard & Packard, PLLC
Have you ever wondered about how interest rates on child support arrears are handled in bankruptcy? How about property taxes or property tax loans that you owe? These debts and others have special protection under the law. Find out how these debts fit in with other debts in a bankruptcy and how they compete for available resources. Read our blog to learn more. https://bit.ly/37Uc7I2
Do you know how important retirement plans are? Both the State of Texas and the Federal Government treat them as sacred. They respect these plans and even give them special protection so that you may keep them from your creditors.
You may be wondering, “How am I supposed to pay off all this debt without using what I have set aside for retirement?” Keeping your retirement safe and growing is of the upmost importance because the days of retirement will eventually come. Find out ways you may get your debts behind you without busting that retirement plan. Check it out at https://bit.ly/3raRY9m
You may have heard the word “snowball” referring to paying off debt. Today’s topic involves using one or another debt payment snowball strategy that has been used many times to free people from their debt. Learn more in our blog. https://bit.ly/35lJd2M
Sometimes people find it difficult or intimidating to call up their creditor to start negotiating with them about interest rates and pay out terms. There are companies and organizations out there that help people who are trying to find their way out of debt. Learn more in our blog. https://bit.ly/3ijQTb2
It is a common misperception that taxes can never be discharged in bankruptcy. The truth is, however, under some circumstances, some taxes may be discharged. Read our blog to learn more. https://bit.ly/3oxhkeQ
Life happens to all of us. Unfortunately, some of us get hit harder than others. Some things that are notorious for leaving us devastated in their wake are Divorce, Unemployment or Disability, Addictions, and Injury and Sickness. Read our latest blog to learn more. https://bit.ly/3cOngxY
Packard & Packard, PLLC updated their phone number.
Packard & Packard, PLLC updated their phone number.
Packard & Packard, PLLC updated their phone number.
