Tag Archives: Chapter 13
How seniors and disabled folks can achieve debt relief
The elderly and the disabled living in Florida or elsewhere may be living on limited resources such as social security benefits or a pension. This may lead to a situation where an individual has to pay bills with a credit card and little hope of repaying the balance. Ultimately, a person may be looking… Read More »
Overcoming debt problems caused by natural disasters
Florida residents who have been impacted by a natural disaster may experience a variety of emotions. They could also have to deal with the financial fallout from a hurricane, flood or earthquake. In some cases, disaster victims spend hundreds of dollars per day to pay for food, lodging and other needs while away from… Read More »
How to buy a house after bankruptcy
Every year, roughly 800,000 people in Florida and throughout America file for bankruptcy. While there may be significant consequences for doing so, it does not prevent a person from buying a home. However, it will likely delay a person’s goal of being a homeowner. In many cases, individuals can become eligible for a home… Read More »
Household debt in the United States continues to climb
Consumer debt in Florida and around the country has been climbing steadily for more than three years, and it has now reached an all-time high of nearly $13 trillion according to a report released by the Federal Reserve Bank of New York. Consumer spending accounts for two-thirds of the economic activity in the United… Read More »
How companies should go about pursuing payment
Florida business owners may have a hard time convincing some customers to pay for services rendered. However, companies that attempt to collect payment from a customer must generally do so according to standards set by the Fair Debt Collection Practices Act, or FDCPA. When contacting customers about a debt, make sure to have documentation… Read More »
How to handle medical debts responsibly
The leading cause of bankruptcy filings in the United States is medical debt. In 2014, 40 percent of Florida residents and other Americans went into debt because they sought medical treatment. While it may seem tempting to file for bankruptcy to get rid of medical debt, it may come with serious consequences. For instance,… Read More »
When Is Chapter 13 Better For Me Than Chapter 7?
There are various consequences to dealing with overwhelming debt. From the threat of losing your home to dealing with calls from creditors at all hours, debt can have a significant negative impact on your life. In order to effectively deal with your debt, you may be consider the two main options for consumer bankruptcy,… Read More »
Holiday spending habits don’t go away easily
Florida shoppers will likely turn to their credit cards to buy goods this holiday season. In 2016, the average U.S. shopper spent $657 on gifts and other purchases, and that number is expected to go up slightly to $660 in 2017. This was according to the Consumer Holiday Shopping Report from NerdWallet. The report… Read More »
How bankruptcy may help a debtor
Florida residents who are struggling with their financial obligations may benefit from filing for bankruptcy. However, it is a decision that shouldn’t be made lightly. It is important to know that it can stay on a credit report for up to 10 years. This may make it more difficult to get a job or… Read More »
The impact of debt consolidation on credit
Florida residents who are thinking about ways to regain control of their finances may want to consider debt consolidation. Depending on how the debt is consolidated, it may act to reduce interest paid on a balance without ruining a person’s credit. For instance, taking out a new loan to pay off current debt may… Read More »