Author Archives: Site Administrator
Collections agencies pursuing consumers for zombie debts
As credit and debt become larger parts of American life, the debt collection industry has spawned a new term, zombie debt. Some Florida residents may already be familiar with the term, which refers to dormant bills brought back to life, so to speak, by debt collection companies. In some cases, zombie debt may arise… Read More »
What Can I Do To Stop The Foreclosure Of My Home?
If you have received notice from your lender that it intends to foreclose on your property, there have probably been notifications and conversations about late payments that have led up to it. However, there is nothing that is quite as unnerving as the finality of a lender’s decision to attempt to take your home…. Read More »
Studies show unconscious racial bias in bankruptcy filings
The two primary forms of bankruptcy for Florida consumers are Chapter 7 and Chapter 13. Which one is filed under will depend on a variety of factors, including the person’s income and expenses and whether the person is employed. Although the factors that go into a bankruptcy filing do not have anything to do… Read More »
How creditors collect secured and unsecured debts
Florida residents who are overwhelmed by their financial obligations may have a combination of secured and unsecured debts. Secured debts are loans that are tied to physical property that can be seized if the debtor defaults. The most common examples of secured debts are home mortgages and auto loans. Unsecured debts are credit cards,… Read More »
Giving DEBT debt the once-over
Many Florida residents carry some form of debt. While they may have a negative view of owing money, financial experts are quick to note that there are different types of debt. In fact, sometimes owing money can actually be positive and beneficial to one’s overall financial health. For people who are concerned about their… Read More »
Decision on time-barred debt collections
Florida residents who are in debt may be interested in an impending decision of the U.S. Supreme Court regarding collection actions against time-barred obligations. Specifically, it will determine whether the act of filing a proof of claim in a bankruptcy case for a debt that is beyond the statute of limitations qualifies as a… Read More »
Don’t get scammed by a phony loan modification provider
People who are facing foreclosure will do almost anything to save their homes. Sadly, there are numerous companies that prey on distressed homeowners and happily to take their money under the guise of helping them resolve their mortgage problems. It is important for you to understand that a vast majority of these companies have… Read More »
Debt management plans vs. Chapter 13 bankruptcy
Some Florida residents who are overwhelmed by their financial obligations choose to try debt management plans through local nonprofit credit counseling agencies. It is important for people considering these plans to understand how they work. This may help them to better understand what will be required of them as well as whether the plans… Read More »
How to pay off credit card debt
According to an analysis conducted by WalletHub, consumers in Florida and the rest of the nation accrued $34.4 billion in credit card debt from April to June of 2016. WalletHub and MarketWatch estimate that a total of $1 trillion of credit card debt could be achieved by the year’s end. Consumers who are overwhelmed… Read More »
Debt management plans versus bankruptcy
Some Florida residents who have substantial levels of unsecured debts may wonder how they can pay off their obligations. Others may feel that they are insurmountable. Some may benefit by debt management plans through credit counseling agencies. Others may be better off with filing for bankruptcy. When people enter into a debt management plan,… Read More »