While news reports continue to forecast rising foreclosure rates, there may be a solution for homeowners who think they’re trapped in a mortgage with no way out. Distressed homeowners already have plenty of legal firepower on their side...they just don’t know it.

Bankruptcy or insolvency should be the last resort for any borrower. You should explore other options like individual voluntary arrangements, debt consolidation, etc., before filing an application for bankruptcy. If you are debt-ridden but hopeful for the future then there is no need to take such an extreme step by filing for bankruptcy if there are betters way for debt consolidation and relief.

It’s easy to get caught up in the holiday spirit and spend more than you should. But with the gift giving season behind us and your credit card bill looming, the reality of overspending has likely started to set in. Don’t panic – here are a few helpful tips from LendingTree.com to help ease your holiday debt hangover:

Many different loans exist to finance debt consolidation, and you need to ensure you obtain a loan best suited for your financial budget. Here are some tips on choosing a debt consolidation loan based on your financial situation