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September 2015 Archives

Credit card rates are not restricted by Federal law

In Florida, there are many families that get by on sums of money that are far below the average income of others in the state or, indeed, throughout the U.S.. Sadly, this can often mean that when something goes wrong, these individuals end up paying out far more than they can really afford. They may even need to put their debts on a credit card. This is all very well at first, but before long it can spiral out of control, leaving you with a seemingly insurmountable debt to attempt to overcome.

Do you qualify to file for Chapter 13 bankruptcy?

If you are considering bankruptcy, you may be feeling a little overwhelmed. There are different forms to choose from, and it can be a tough decision to make alone, especially when you are already suffering the stresses that go hand in hand with unmanageable debt. It is something that more and more families in Florida go through every year, but it is important to remember that however challenging it may seem at the time, there is a light at the end of the tunnel.

Repairing your credit rating requires a solid plan

Many residents of Florida go through difficult financial times at some point in their lives. Once debts begin to pile up, things can quickly spiral out of control, with interest rates soaring and creditors soon hot on your heels. Before you know it, you could find yourself being hounded by debt collectors and wondering how you can ever recover from this financial disaster.

Florida has highest foreclosure rate

Dealing with debts can be difficult, and the amount you owe can increase all too quickly, sending you into a downward spiral from which it can be challenging to escape. It is a distressing and isolating experience, yet it is one that countless families in Florida go through each year. The important thing to bear in mind is that there is a way out. At first it may seem like the amount you owe is far too much to manage, but with the right guidance, you can explore debt relief options and wipe your financial slate clean.

Are you liable when someone steals your card?

Credit cards can be extremely useful in certain situations. For example, they can save the day when you have unexpected expenses, or you are awaiting a late paycheck. However, it is important to ensure that you will have enough to pay them off when the end of the month rolls around or you could end up racking up substantial interest. Unfortunately, this is something that catches out more people in Florida every year.

Not all debt relief schemes are safe

It is no secret that getting into debt can quickly become a downward spiral into a very difficult situation. Sadly, debts often come with ever-growing interest rates meaning that even when you are paying money back to your creditors, the amount you owe could still be increasing. Suddenly, the minimum payments could become more than you can afford, and you may find yourself being hounded by debt collectors and threats of legal action.

Know the terms of your mortgage

Throughout Florida, there are many families struggling with debt. For some this comes in the form of loans or credit card bills. Others fight to keep up with mortgage payments. Many even have a combination of these debts to contend with. All of this can quickly become overwhelming, and it is hard to know where to turn when you are being chased by creditors and pressured by collection agencies.

Can Chapter 7 eliminate tax debt?

It can be highly distressing to fall into debt, particularly when there is no clear way out of the situation. Interest rates often mean that once your debt gets out of hand, it can be extremely challenging to cover the cost of repayment while still managing your basic living expenses. Sadly, countless families in Florida go through this experience at some point in their lives, and many spend years fighting to become more financially stable.

Reorganize your debt with Chapter 13 bankruptcy

When debts become too great to handle, it is not always easy to decide where to turn. So many debt relief options are not all they seem, and some could even leave you in a worse financial position than you were beforehand. However, even when it seems like all hope is lost, there is still support available, and bankruptcy may be the answer you seek.

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