Author Archives: Jay Butchko
What To Know About Credit Cycling
Personal finance experts tell you that, if you cannot pay off your credit card balance in full each month, you should carry a balance of no more than ten percent of the credit limit over into the next month, but that is easier said than done. When you have used more than 30 percent… Read More »
Multiple Credit Cards: Friend or Foe?
We have all heard the stories about people who racked up tens of thousands of dollars of credit card debt by opening too many credit cards. They have cards that have been maxed out for years. Even during months when they don’t make any new purchases on the cards, the interest charges alone keep… Read More »
Beware of Minimum Payments
You know that you are a credit card account and happily swipe the plastic and enter the credit card number on your food delivery and rideshare apps until, at the end of the month, a statement arrives. You know you are still young when you only look at the minimum payment due and think,… Read More »
What’s New With Overdraft Fees?
For a while, it looked like overdraft fees were going to be a thing of the past. Around the time that people started venturing out for in-person dining after the pandemic shutdown, a nationwide commercial bank ran an advertising campaign with posters displayed in a bank showing a child who, the posters claimed, would… Read More »
Can You Cope Without Air Conditioning Subsidies?
Can You Cope Without Air Conditioning Subsidies? Florida’s famous heat is a major draw when it comes to tourism, but spending an entire summer in the Florida heat is no one’s idea of a good time. Yes, the thunderstorms that strike fear in the hearts of Floridians and visitors alike might cool off the… Read More »
How Much Does it Cost to File Chapter 7 Bankruptcy?
You have made the difficult decision to file bankruptcy so you no longer have to struggle with debts you cannot repay. Learning that filing bankruptcy is not free and will actually cost you more is discouraging. While it is true that there are certain costs associated with filing bankruptcy, it is likely more affordable… Read More »
What is the Statement of Intention in Chapter 7 Bankruptcy?
Of all the different types of bankruptcy, Chapter 7 is perhaps the most common. Like all other types of bankruptcy, there are certain requirements borrowers must meet when filing Chapter 7. One of these is filing the statement of intention. If you do not submit a statement of intention, your case might be dismissed… Read More »
Can You File Bankruptcy Multiple Times?
If you are struggling with debt that has become unmanageable, filing bankruptcy can provide you with a clean financial slate and a new start. However, getting your debt discharged or reorganized into a repayment plan that makes it easier to manage does not guarantee that you will not fall into financial trouble again at… Read More »
Questions to Expect when Filing Bankruptcy
Filing bankruptcy can provide immense relief from the crushing debt you are currently finding difficult to manage. By obtaining a discharge or reorganizing your debt into a repayment plan that is more affordable, you can regain control of your finances and ultimately, your life. Before filing, there are many steps you should take to… Read More »
How Does Bankruptcy Impact Child Support Payments?
Bankruptcy is a legal proceeding that can provide relief for the debts you cannot repay. Although the process can provide a fresh financial start, there are also some limitations and complications involved. This is particularly true when a borrower owes child support. Bankruptcy may or may not impact the child support payments you owe,… Read More »