While it may be tempting to use your tax refund as a down payment on a new car, is this really the best option for right now? If you have unpaid debt, you may be doing yourself a huge favor by using your extra cash to pay what you owe. Your credit score will thank you.

Nobody wants to file for bankruptcy, but sometimes it is inevitable. And anyone who reaches the point where bankruptcy seems like the only viable solution to their financial problems must choose which type of bankruptcy fits their needs best: Chapter 7 or Chapter 13? The differences between the two will make the choice clear for most people.