Author Archives: Site Administrator
Debt relief options when falling behind on car payments
Florida motorists who have fallen behind on their car payments might consider filing for bankruptcy. This could be an alternative to having the car repossessed or surrendering it voluntarily because both of these outcomes might still leave them in debt. If the car has already been repossessed or surrendered, the consumer might be liable… Read More »
Don’t use your retirement savings to pay off your debts
Are you dealing with financial difficulties right now? Are you buried by credit card or medical debt? Are you behind on your mortgage payments? If you are struggling with debt and trying to decide how to pay it off, the last thing you want to do is pay it off with your savings or… Read More »
Getting an auto loan while in Chapter 13 Bankruptcy
Individuals in Florida who are considering filing for Chapter 13 bankruptcy and need new vehicles may be interested to know that getting approved for an auto loan is possible while in a Chapter 13. However, it requires the approval of a bankruptcy court and involves a number of steps. The first step that someone… Read More »
What to do when a creditor sues or threatens to sue
Florida debtors who have their property seized by their creditors may still be sued for any deficiencies that remain. Creditors are allowed to sue people who still owe balances even though they have taken the property that secured their loans. If you owe a deficiency, your creditor is unlikely to stop trying to collect… Read More »
Most collection agency calls concern unpaid medical bills
A recent government study reveals that consumers in Florida and around the country are more likely to be called by a collection agency about unpaid medical bills than any other kind of debt. The Consumer Financial Protection Bureau says that medical debt is the reason for 59 percent of these calls. According to researchers,… Read More »
Bankruptcy to stop foreclosure in Florida
If you are in danger of losing your Florida home to foreclosure, you might be able to obtain relief and avoid foreclosure by filing for bankruptcy. A new law in Florida requires that your lender goes to bankruptcy court with you and works to arrive at an amenable modification of the terms of your… Read More »
Top tips for paying off your credit card debt
Did you get a little behind on your bills after the holidays? Are you spending more money paying credit card interest than paying down the original debt? Do you feel like you are sliding further and further into a pit of overwhelming debt? You are not alone. Many people in South Florida struggle with… Read More »
Are you having financial difficulties? You are not alone
No matter how well you plan for retirement or financial stability, a health concern or a lost job can quickly throw your future off track. Even incredibly wealthy people can find themselves in similar financial straits; drowning in debt due to circumstances beyond their control. Teen idol in financial straits In the 1970s, David… Read More »
Some millennials are struggling to get out of debt
Millennials have broken all previous generation’s college attendance records. For all of these young adults with recently acquired college degrees, student loan debt can be a big problem. In addition to student loan debt, many of them in Florida and around the country are struggling to pay off credit cards, car loans, personal loans… Read More »
Spotting debt relief scams
Florida residents who are looking for ways to handle their substantial debt may consider using the services of credit repair companies or credit counselors. The use of such companies has been increasing, as have the number of these companies that offer to assist consumers. However, the number of dishonest operators has also been increasing… Read More »