More than half of Florida's residents responding to a survey claimed to have fallen behind on their rental or mortgage obligations. According to the U.S. Census Bureau, the Sunshine State has the highest number of households in arrears with their rent or mortgage...
Bankruptcy
What do you do if someone files for bankruptcy in your name?
Nobody wants to think that they might be the target of identity thieves. Unfortunately, these criminals do not discriminate. They simply use anyone whose information is available via black-market networks — and that could include you. Especially if your finances were...
What if I wreck my car during a chapter 13?
A chapter 13 bankruptcy plan lasts from three to five years. A lot can happen in five years, including wrecking your car. If the car is not totaled, then there is usually no reason to involve the bankruptcy court. In this situation, your insurance company sends a...
Are you facing debt collector harassment?
The Fair Debt Collection Practices Act (FDCPA) went into play to protect you from debt collector misrepresentation and harassment. Unfortunately, even with these protections in place, some still use these unfair behaviors and practices. What can you do to protect...
2 credit utilization ratios you should know
With the cost of living increasing seemingly daily, many Floridians use credit cards to pay for both everyday expenses and emergency ones. In fact, the average resident of the Sunshine State has a revolving credit card balance of roughly $6,460. Revolving credit card...
How can you avoid holiday debt after bankruptcy?
Over the holiday season, a lot of Americans wrack up significant debt. If you are bouncing back after bankruptcy, debt can be a dangerous prospect. U.S. News claims that there are ways to avoid debt throughout the holidays. Create a budget To avoid future debt, you...
Older Americans may have a higher risk of bankruptcy than ever before
Older Americans entering retirement age may be doing something different than the generations before them. They may be entering retirement with substantial debt. The New York Times reports that bankruptcy is three times more common among people 65 and older than it...
What are subprime credit cards?
Struggling with debt is more common than some may think. New York Federal Reserve data reported that U.S. households have more than $14.3 trillion in debt during the first quarter of 2020, which is a 1.1% increase from last quarter. As a result of overwhelming debt,...
Setbacks from a job loss may require bankruptcy protection
For many Americans, a sudden and unexpected loss of income has resulted in a severe financial setback. As reported by CNBC, a survey revealed that 38% of individuals do not have enough funds saved to get them through one month. Without the ability to get back to work...
Can entrepreneurs bounce back after bankruptcy?
Bankruptcy affects millions of people. This is true for those who may own their own business. If you are an entrepreneur and you filed for bankruptcy, you may feel a little hopeless. It is easy to think that your business or entrepreneurial ventures are over. This is...
