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Grammy award-winning singer Toni Braxton recently had many of her debts discharged under Chapter 7 bankruptcy.

The singer filed for bankruptcy last September. The Chapter 7 filing listed $18.3 million in debts and $1.6 million in assets.

Under Chapter 7 bankruptcy, certain types of debts are eligible to be discharged. An order from the U.S. Bankruptcy Court in Los Angeles states that most of the singer’s eligible debts were discharged. Some taxes, student loans, criminal fines, and domestic-support payments are not eligible for discharge.

With the order, Braxton is no longer responsible for paying off certain debts. In addition, creditors are prevented from taking action against the singer for repayment.

If you have questions about what qualifies as a dischargeable debt and what does not, contact the Birmingham dischargeable debt lawyers of Greenway Law, LLC at 205-324-4000 to speak with one of our experienced bankruptcy attorneys.

Tags: Bankruptcy, Debts Discharged

Are you in need of an auto loan? Have you reviewed your credit profile and determined your rating? If you have a bad credit and you think the world is over for you, think again. There is a bad credit auto loan offered by several special lenders for people like you and here are tips on how to get it easily.

Of course you know that your credit, being bad, will not assure you an immediate approval from the regular loan providers so do not go to them. Seek a specialized bad credit auto loan provider instead. These lenders can be found online just at the click of the mouse. You may not be pleased by the kinds of rates you come across at first, but do not despair. Search through the available websites, compare rates and choose the most favorable.

Having chosen your prospective lender, find out what he needs from you. In most cases the requirements only entails your financial details including an income proof and maybe a good down payment.

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Tags: Auto Loan, Bad Credit, Loan

TransUnion, a national credit reporting agency, recently released findings that show an overwhelming number of people are paying their credit card bills on time and limiting how much they are charging.

It may come as a surprise that credit card delinquencies (defined as 90 days past due—or more—on a payment) are at the lowest level observed in the last 17 years.  Given the difficult economic times and high percent of unemployment in the U.S., you may expect quite the opposite—that more people than ever would be having problems making credit card payments on time.

TransUnion also found that the average credit card debt per borrower has remained relatively flat at approximately $4,700. They f

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Tags: Card, Credit Card

Credit card Q&A: “What credit card has the lowest interest rate?”

When it comes down to it, credit card interest rates are constantly changing, so it’s hard to say “X” or “Y” credit card comes with the lowest rate.

It’s an ever-evolving landscape, with credit card issuers locked in fierce competition with one another to offer the best rate, bonus, cash back, etc.

0% is the Lowest Interest Rate…

But one thing I can say definitively is that the lowest interest rate you can obtain on a credit card is 0%.

Sure, that’s obvious, but let me delve a little deeper.

Most credit cards these days come with 0% APR for some promotional period, whether it be six months or 21 months.

During that time, you pay nothing in the way of credit card finance charges on your new purchases and/or balance transfers.

It’s important to distinguish those two categories, as the credit card APR on purchases and balance transfers often differs.

For example, you may see a credit card that offers 0% APR on purchases for six months and 0% on balance transfers for 12 months or longer.

Or you may see a credit card that offers 0% APR on purchases for six months and the standard interest rate on balance transfers from the offset, which could be in the teens or higher.

The combinations are really endless, but the point is that the APR will vary, and it’s important to know what it is in all instances.

A low interest rate for purchases accompanied by an astronomical interest rate for balance transfers could burn you if you’re looking to transfer credit card debt.

Conversely, a credit card with a standard purchase APR and a 0% balance transfer APR won’t do you much good if you don’t have an existing balance and plan to buy a lot of new things.

How Low Are the Interest Rates?

The funny thing about so-called “low interest rate credit cards” is that the APR is often in the low teens, as opposed to the high teens or 20% range.

So instead of an astronomical rate, you wind up with a slightly more reasonable rate. Calling it “low interest” is a bi

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Tags: Interest Rate, Lowest Interest, Lowest Interest Rate, Rate

Its QA time again. This one comes from babe112083 who is asking

Anyone know of any really good secured credit card deals for people who have bad credit? Im looking for one preferably with minimum annual fees.Actually I just read what the difference between secured and unsecured is and I really want an unsecured credit card. Is there any that you would suggest?

Answer: I can understand why youd what an unsecured credit card. The title itself implies you dont have to put down any of your money. This of course is very misleading.Stay away from unsecured credit cards for bad credit. Its true; in most cases you dont have to put down a dime..but when you get your 1st billyoull most likely see a very large annual fee. Ive seen unsecured credit cards with an $150 annual fee. I just think a secured credit card is better. At least if you ever close it, youll get your deposit back. With the unsecured credit card for bad credit, your annual fee just goes to the bank. Read full article…

Tags: Bad Credit, Credit, Credit Card, Secured Credit Card