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Category Archives: Debt

GroceryBill

Predatory Pricing at Supermarkets

By Nowack & Olson, PLLC |

It is easy to feel that, in today’s society, our brains have received so many disturbing stimuli that we have shut down and cannot feel emotions anymore.  Life is an endless cycle of frustrations brought on by financial hardships, plus Internet content that invites itself at all hours of the day and night to… Read More »

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Debt

The Digital Coupon Divide

By Nowack & Olson, PLLC |

The Visual Capitalist website recently published a map showing the countries that have the largest populations of non-Internet users.  The country with the largest unconnected population is India, but part of the reason for this is that India is the most populous country full stop.  More than 80 percent of the population of Ethiopia… Read More »

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Bank17

The Consumer Debt Crisis Lingers On

By Nowack & Olson, PLLC |

Living paycheck to paycheck does not get easier the longer you do it.  With each passing pay period, you only become more tired, even as the outstanding balances on your debts do not budge.  Before you know it, you are engaging in revenge bedtime procrastination, reading fascinating and intellectually challenging books when you should… Read More »

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Bankruptcy17

Is Auto Pay a Debt Trap?

By Nowack & Olson, PLLC |

Almost anything that promises to make your financial situation better can also make it worse if you let it.  Consider buy now pay later (BNPL).  It does not charge interest, and the monthly installment payments are low, but the BNPL debts can quickly add up if you make too many new BNPL purchases before… Read More »

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Bankruptcy18

Will Downsizing Your House Improve Your Finances?

By Nowack & Olson, PLLC |

Consumers figured out that giving up their daily McDonald’s breakfast on their way to work barely made a dent in their monthly budget.  Eventually the “brew your coffee at home and watch your credit card debt disappear” content stopped getting clicks, so personal finance experts stopped producing it and started saying what cash-strapped consumers… Read More »

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CreditCardDebtHand

Credit Card Debt After Retirement

By Nowack & Olson, PLLC |

The list of outdated personal finance axioms keeps growing.  For example, by now everyone knows that going without your morning coffee shop run will not make much of a dent in your debts, and when was the last time you saw someone who could afford to pay their credit card down to zero every… Read More »

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DebtDefense

Loan Origination Fees

By Nowack & Olson, PLLC |

Everyone knows that, the wealthier you are, the less it costs to borrow money.  Some people focus on getting lower interest rates on loans as an incentive to improve their credit scores, but this is not the only difference in the cost of a loan.  Lenders can charge origination fees, equal to a percentage… Read More »

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CreditCDebt

Maxed Out Credit Card Blues

By Nowack & Olson, PLLC |

Credit card debt is one of the most popular targets for paying more than the minimum payment each month, if you have any money in your budget to add a few dollars to the debt repayment category.  If you can manage to keep this up for a few months, you can see your balances… Read More »

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JunkFees

Closing Costs Are a Garbage Heap of Junk Fees

By Nowack & Olson, PLLC |

Time marches quickly, and the youngest members of the workforce, most of whom live paycheck to paycheck even if they have a salaried position, hardly remember the housing market crisis of 2008 and the response that followed.  The Occupy Wall Street movement of 2012 left two important effects, namely the formation of the Consumer… Read More »

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MedicalDebt2

Unfair Denials of Insurance Claims Could Be Making Your Medical Debt Worse

By Nowack & Olson, PLLC |

If you still live in Florida after so many hurricanes, you must be a relentless optimist.  Therefore, the relentless optimist in you will look at the cost of your health insurance premiums and the amount you still have to pay after your insurance covers its portion and be glad that you have health insurance. … Read More »

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