Recent Blog Posts
Are Home Equity Loans Good Debt or Bad Debt?
At this point, any complaint related to homeownership sounds like a humblebrag. Your mortgage payment might be painfully expensive, but at least every payment boosts your credit score and your home equity. You are in a better position than people who pay an equal amount in rent, but the money only enriches the landlord,… Read More »
Avoiding Foreclosure When You Can’t Afford to Keep Your House
When you look for advice about avoiding foreclosure, it becomes obvious that the best way to stop the bank from trying to get its paws on your house is not to borrow a mortgage loan that you cannot afford. To someone who has fallen behind on mortgage payments, this is as unhelpful as saying,… Read More »
Can Your Screen Time Habit Be Beneficial to Your Finances?
People who are old enough to remember a time before the Internet became part of everyone’s everyday life will tell you that your device addiction is as bad for your finances as it is for your physical and mental health. Of course, even though you are young enough to be a digital native, you… Read More »
Debt Repayment Can Wait?
Despite what the Internet says, people under 50 aren’t spoiled or entitled. We are just pushed to the limit with stress. The only way we can survive is by focusing on the things that matter at the expense of everything else. We scrambled day and night until we realized that life is too short… Read More »
Fear Is Your Worst Enemy in Mortgage Foreclosure Cases
What could be a worse end to your dream of homeownership than foreclosure? You place a down payment for the purchase of your house, and then you make payments on your mortgage every month until one financial catastrophe after another strikes, only for the bank to swoop down and take everything you worked for,… Read More »
Is Bankruptcy the Best Solution to Medical Debt?
In more than half of all bankruptcy filings by individuals, the applicants cite medical debt as the main type of debt they are seeking to discharge and the biggest contributor to their financial hardships. Medical debt can strike almost anyone; only the wealthiest people can afford to pay a hospital bill in full when… Read More »
Facing Your Tax Debt After the October 15 Filing Extension Deadline
When you filed for an extension on filing your income tax return back in April, the new deadline, October 15, seemed like a lifetime away. You have been filing for extensions on your tax returns almost every year for as long as you can remember, and every year, you manage to put together the… Read More »
Inside the Underwater Car Loan Epidemic
This month, the CNBC website published more bad news about American consumers and their car loans. We already knew that vehicle prices are beyond almost everyone’s budgets, but good luck getting to work in Florida without a car. Likewise, we already knew that, even when we work around the clock, and our job and… Read More »
Wait Times Between Bankruptcy Filings
Filing for bankruptcy feels like a reset, like accessing a bonus life in a video game, but how many bonus lives do you get? Seeing your debts disappear is exhilarating, or at least it brings you a feeling of relief, but then life goes on. Eventually, the record of the bankruptcy case even disappears… Read More »
Beware of Bottom of the Barrel Bankruptcy Filings
On the first business Monday of every year, employees of the family court order their morning coffee with an extra shot of espresso and head to work to find the biggest stack of new divorce filings that they will see all year. While epic fights during the holidays are the impetus behind some of… Read More »