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  • How to Cope with Creditor Harassment

    When you’re already dealing with severe financial hardship, creditor harassment can push your mental health to its limits. From confronting you at your workplace to leaving embarrassing and threatening voicemails, creditors can be relentless when it comes to seeking payment – even when it violates the laws set forward by the Federal Trade Commission (FTC). At Lam Law Firm, our Myrtle Beach ...
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  • Why Does the Bankruptcy Means Test Matter?

    When you’ve been dealing with significant debt burdens for years on end, you may eventually decide to get a fresh start, by filing for Chapter 7 bankruptcy . This form of bankruptcy allows you to “discharge” most forms of unsecured debt, including mounting credit card balances and bills from major medical expenses. Because of this, Chapter 7 is often referred to as “debt forgiveness.” However, in ...
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  • How to Avoid Common Holiday Scams

    For many people, the holiday season is truly the most wonderful time of the year, from spending time with loved ones to exchanging thoughtful gifts. However, some unethical people view the holidays as a chance to take advantage of people when their guard is down. Holiday financial scams are unfortunately becoming more common with every passing year – in fact, the IRS even released a warning this ...
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  • 5 New Year's Resolutions to Save Your Budget

    We get it: Budgeting is hard. Throughout 2018, you may have felt a lot of frustration as you watched your credit dip deeper into the red, while your savings accounts fell to the wayside. But now it’s going to be a brand new year, which means you can make some New Year’s resolutions to yourself – and your budget. At Lam Law Firm, our Myrtle Beach bankruptcy lawyer Huong Lam knows how difficult it ...
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  • Preparing for the Expenses of the Holidays

    The holiday season is quickly approaching, bringing all kinds of fun parties, last minute travel plans, and of course, gift exchanges. While giving gifts is a beautiful way to celebrate the people you love, it can also take a tremendous toll on your credit card – and if you’re already in serious debt, too many holiday purchases can add unnecessary anxiety to your New Year’s financial planning. At ...
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  • 5 Apps That Can Help You Save Money

    Whether they are for social media platforms or for e-commerce services, we rely on smartphone apps to conduct various activities that affect our everyday lives. There are even apps that help us save money. For many people, saving money, budgeting, and tracking all of their finances are all challenging. According to the Federal Reserve, 44 percent of Americans said they couldn’t come up with $400 ...
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  • Benefits that can come from Declaring Bankruptcy

    As Myrtle Beach bankruptcy attorneys, we often hear about the fears and drawbacks many clients believe about bankruptcy. Some of them are true while others are wildly unsubstantiated flat-out false. However, one thing that many people have in common: they’re uncertain as to just how badly their lives will be affected going forward. However, what many of these people don’t realize is just how many ...
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  • Ways to Rebuild Credit After Bankruptcy

    One of the reasons many people staunchly refuse to consider bankruptcy as a viable method of debt relief is the belief that their credit will be irreparably ruined. This is far from the truth: while your credit will be impacted by declaring bankruptcy, most people’s rating has already been damaged so severely through late and missed payments that a declaration won’t actually hurt it that much ...
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  • 5 Types of Car Insurance You Should Know About

    Picking the right insurance coverage can be confusing. Below, we break down 5 types if car insurance policies and what each one can do for you after an accident . #1: Liability Insurance This type of insurance covers you if you are in a car accident and you are found to be at fault. A liability insurance policy covers the cost of property damage repairs and medical bills for injuries . States ...
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  • Chapter 13 Debt Limits

    Chapter 13 bankruptcy is designed to help debtors seek financial independence by helping them reorganize and restructure their debts in order to pay them off over a period of three to five years. However, there are limits on how much debt you can have in order to file for this particular type of bankruptcy. Let’s take a closer look at these limits and discuss how you can fit under them through ...
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  • How Should I Budget My Monthly Expenses?

    It might not be fun or glamorous, but learning to budget your finances is an important part of maintaining your financial stability. Having a good budget in place can help you identify what aspect of your finances needs to be strengthened. Below, we give you some tips that can help you create a practical monthly budget. Know Your Monthly Income Before you can make a budget, you need to know the ...
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  • Can I File for Bankruptcy if I'm Unemployed?

    If you lose your job, it’s easy to fall into a spiral of financial hardship. In today’s job market, it can be extremely difficult to find stable employment again, especially if you need to do so quickly in order to take care of your family. This means it’s also not uncommon for unemployment to lead to someone needing to declare bankruptcy. However, can you declare bankruptcy if you don’t have a ...
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  • Tips on How to Balance Your Budget

    When many of us hear or see the word “budget,” we tend to have a visceral reaction to it. The fact is that we all know we need to have a budget, but people are often afraid of what that means in terms of their lifestyle. Americans perceive budgeting as a loss of fun. No more nights out on the town, shopping at the mall, treating yourself to a delicious dinner at a new restaurant, or trips to the ...
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  • How to Save Money

    Everyone wants to stretch their dollar and get the most out of what they earn, but figuring out how to accomplish this can be difficult if you are not sure where to start. If you never balanced a budget, how do you go about learning how to save money in a realistic way that allows you to address your needs while reaching your financial goals? This is a predicament most Americans frequently face. ...
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  • Spend Less Than You Earn

    Everyone wants to build wealth and enjoy the feeling of financial comfort, but not everyone understands how to go about achieving this. Essentially, the basics of becoming wealthy are to spend less than you earn, save, invest, and repeat the cycle. While it certainly sounds straightforward enough, if you are just beginning to embark on the process of budgeting, this might be difficult to actually ...
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