You made some financial missteps in the last few years, and now the phone calls and threats from creditors abound. You do not have enough money to pay even the high monthly minimums, so you start to look at bankruptcy as an option. With more than one type of...
Bankruptcy
Tax bills and bankruptcy: What are your options?
As Tax Day quickly approaches, taxpayers throughout the country may find themselves facing an unmanageable tax bill. A large bill from the Internal Revenue Service (IRS) may leave you wondering: is bankruptcy an option? The answer, like many things in the legal world,...
Medical bills are a factor in 60 percent of consumer bankruptcies
According to a recent survey in the American Journal of Public Health, almost 60 percent of Americans who have filed for bankruptcy cited medical bills as “very much” or “somewhat” responsible for their bankruptcy. That was more than chose student loans or home...
Tips for keeping auto debt down
With the big role vehicles play in most people’s lives, finding the right car can be critical. This isn’t always easy. And, just as finding the right car can be challenging, so too can paying for it. Many turn to loans to help fund an auto purchase. Recent...
Should people get credit cards after bankruptcy?
Bankruptcy often feels like a massive blow to your finances between selling assets and addressing outstanding debts. The last thing on your mind is probably rebuilding credit and possibly getting a new credit card. However, a significant step after bankruptcy is...
Debt and a person’s long-term goals
A person’s debt situation can have many impacts on his or her goals for the future. This includes his or her goals related to retirement. Results from a recent Stash survey indicate that one retirement goal many people here in the U.S. struggle with is building up...
How common is falling behind on credit card payments in Florida?
Missing minimum payments on credit cards can expose a person to many consequences. For example, it can subject a person to financial penalties and do damage to his or her credit score. It appears that, lately, falling behind on such payments has been more common here...
Millennials and medical debt
Medical debt is a common source of financial struggles for Americans. This may especially be the case for younger Americans, according to a recent study. Among the data the report looked at was data from the anonymized credit records of millions of Americans. The...
Having debt during your retirement years
There are many things people may want their retirement to include. Debt is generally not one of them. However, having debt is an increasingly common reality for retirees here in the United States. This can be seen in statistics from a study from the Employee Benefit...
Student loans can weigh heavy on bankruptcy recipients
Along with the political headlines capturing the attention from American audiences, student loan debt remains a mainstream issue for both students entering and leaving college. For student loan borrowers, things have changed rapidly including raising interest rates...