Is Borrowing From 401k to Pay Off Debt a Good Idea?

borrowing from 401k to pay off debt

If you have credit card debt, but you have some retirement savings, there’s a good chance that you’ve thought about borrowing from a 401(k) to pay off debt. While borrowing from your retirement account is certainly an option, like any other financial decision, it does come with its own pros and cons. With that in […]

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Personal Finance 101: Should I Save or Pay Off Debt?

should i save or pay off debt

Every day, many Americans ask themselves, “Should I save or pay off debt?” If you’ve asked yourself that question recently, you’re not alone. In light of that, we have taken the liberty of answering this question once and for all. Keep reading to learn whether it makes sense to save first or to pay down […]

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How to Consolidate Debt with Bad Credit

How to consolidate debt with bad credit

When you have bad credit, it can sometimes feel like your financial options are limited. Fortunately, there are things you can do to take control of your debt and improve your credit score. Below is a guide on how to consolidate debt with bad credit. Read it over to get a sense of the steps […]

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Can You Buy a House with Credit Card Debt?

can you buy a house with credit card debt

Per the latest numbers from Debt.org, the average American household carried $5,315 worth of credit card debt in the fourth quarter of 2020. With numbers like those, it’s no surprise that many would-be-homebuyers wonder, “Can you buy a house with credit card debt?” The short answer is, yes, it is possible to buy a house […]

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How Does Debt Consolidation Work?

How does debt consolidation work?

While many borrowers may have heard of debt consolidation as a strategy for paying down debt faster, few people have an idea of how to answer the question “How does debt consolidation work?” With that in mind, we’ve created a primer on the subject below. Keep reading to learn more about how consolidating your debt […]

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Charged-Off as Bad Debt: What Does it Mean?

charged-off as bad debt

Missing a payment won’t impact your credit score, as long as you get caught up within 30 days. After that, though, the delinquency can damage your credit. If you keep ignoring your payments, your credit account could get charged-off as bad debt. At a glance, you might think that having payments charged-off as bad debt […]

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What’s a Debt Validation Letter? (And Why You Should Get One)

what is proof of debt validation

If a debt collector has contacted you, it’s critical to verify that the debt belongs to you and the information is accurate before you agree to pay or even acknowledge that it’s yours. Collection agencies are required by law to provide a debt validation letter after they first contact you, commonly referred to as proof […]

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How to Handle Business Debt Settlement

business debt settlement

Running a business is often an all-consuming endeavor. But while hopes are often high among entrepreneurs, the fact is that many businesses struggle. According to the Small Business Administration, 50% of small businesses fail in the first five years. Even if you’re still around, you may have needed to turn to high-interest debt like merchant […]

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What People Have to Say

I just wanted to thank your entire staff at The Law Offices of Leslie H. Tayne, for helping me get out of debt. If it wasn’t for your firm, I would have never been able to resolve my $13k worth of debt in less than 3 years. Your staff did a great job, I was finally able to buy myself a brand new car without using a cosigner. I can’t tell you again how happy I am. I would recommend your services to anyone.

L.C. Client 2007-2009

I sleep like a baby at night now because of the work that you and your office have done. Rest assured that I will refer anyone I know to your office with conditions that are similarly circumstanced.

R.S. Client 2012-2014

You have been very helpful at first directing me in the right direction when I had no clue how to go about handling everything, I really appreciated all your advice and help and hope we can work something out. Thanks again for all your help and kind words, and patience.

D.M. Client 2009-2012

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