Tag Archives: bankruptcy
Amidst financial challenges, Millennials look to each other
The economic crisis of recent years has had profound consequences on places like Broward County, Florida, and others around the country. And just as neighborhoods, cities and whole states have been affected by the recession and housing bubble burst, an entire generation of Americans may have been groomed by the experience. New research suggests… Read More »
Credit card company says that consumers are less afraid of debt
As consumers use their credit cards more often, the use of debit cards is declining. This is a reversal of the trend that we saw after the financial crisis in 2008, when $141 billion of credit card spending was shifted to debit cards. When the economy was bad, people paid with debit because they… Read More »
More credit card offers available to consumers
Money management is difficult, especially in a tough economy. Some Floridians are struggling to pay off credit card debt. Although credit cards can lead to financial disaster if they’re misused, they can provide consumers with rewards as well as the opportunity to build their credit history. For consumers and merchants, credit and debit cards… Read More »
Consumers may want to think twice about prepaid cards
Even as the economy recovers, some Floridians are still working to improve their financial outlook. For people who are struggling to pay bills, there are ways to find debt relief. Unfortunately, as people search for help, they are also vulnerable to companies that may treat them unfairly. Due to the loss of a job… Read More »
Americans take on more credit card debt
Floridians often turn to credit cards to help them make ends meet. Although credit cards offer short-term solutions, they can also cause financial devastation when they’re not used responsibly. However, sometimes credit card debt is difficult to avoid. Fortunately, people who need debt relief may be rebuild their financial lives through personal bankruptcy. As… Read More »
Cutting down consumer debt and getting out of financial ruin
Many states around the country are recovering from the recession, with the job market starting to pick up and consumers able to afford to spend a little more. But Florida is one of the areas whose residents continue to struggle with ongoing financial challenges. The Corporation for Enterprise Development ranked Florida number 47 in… Read More »
Overall debt in South Florida is decreasing
You may have learned the hard way that it’s always good to keep your debts down to a minimum. Some types of debt, such as a mortgage or car loan, are often a necessary part of life, but others, particularly from credit cards, are best avoided or at least kept as low as possible…. Read More »
Payday loans a poor choice for those with financial challenges
In this struggling economy, many Floridians will resort to payday loans as a way to help them take care of unpaid bills and other expenses. Whether online or in-store, a payday loan might seem at first glance to be a quick and easy way to get some debt relief, but many consumers don’t realize… Read More »
Should you file for Chapter 7 or Chapter 13?
With many Florida homeowners continuing to experience financial challenges, filing for bankruptcy might seem like a good option to provide them some debt relief. Chapter 7 and Chapter 13 are two main forms of bankruptcy that may allow consumers struggling with debt to get back on their feet. Which type of bankruptcy to file… Read More »
Old law makes squatting tempting for some Florida residents
A U.S. law hundreds of years old may be a tempting option for some enterprising Floridians hoping to gain ownership of abandoned properties. With the highest foreclosure rate in the nation, hundreds of homes facing foreclosure are being abandoned, possibly for years, while banks go through the process of repossession. The law of adverse… Read More »