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Tag Archives: credit cards

Can I use a credit card to pay for my bankruptcy legal fees?

By Nowack & Olson, PLLC |

Filing bankruptcy represents a fresh start, wiping out or reorganizing long-overdue debts. High-interest credit card balances are the most common and burdensome for those struggling to make ends meet. Selecting the right lawyer should represent a first step towards a solution, not a continuation of the problems that plagued you for years. In discussions… Read More »

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Delinquent payments big or small cause huge issues

By Nowack & Olson, PLLC |

There are many reasons why people fall behind on bills, and many of them are no fault of borrowers. Unfortunately, however, creditors throughout the state of Florida and beyond are typically unconcerned about why people fail to pay off debts or how small those debts actually are. Understanding how and why delinquent payments can… Read More »

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Putting consumer debt into perspective

By Nowack & Olson, PLLC |

Because different areas of the country are affected by regional and national economic conditions in unique ways, it’s important to analyze issues like bankruptcy and foreclosure rates on a smaller scale before making generalizations about state of the national economy. And when it comes to credit cards and personal debt owed by individuals, determining… Read More »

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Getting the most out of credit card debt

By Nowack & Olson, PLLC |

As countless people have learned the hard way, it’s one thing to know how to use a credit card and another thing to understand how to manage one properly. Thousands upon thousands of individuals have found themselves facing serious financial challenges as a result of accumulating excessive amounts of credit card debt. However, that… Read More »

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Holiday credit card debt can lead to financial challenges

By Nowack & Olson, PLLC |

With the approaching year’s end and the holidays winding up, many people in Broward County may suddenly find themselves facing a large amount of credit card debt. This is not uncommon since retailers often pull out all the stops to entice shoppers with end-of-year sales and fabulous discounts. Sometimes, people find that they have… Read More »

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Two approaches to eliminating credit card debt

By Nowack & Olson, PLLC |

Just as teachers often use different techniques to explain concepts to students, financial advisors can typically recommend different ways for clients to eliminate debt. Countless people in Florida and beyond carry consumer debts like credit cards, but do not know the best way to pay off their loans. Fortunately, there are a couple different… Read More »

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Amidst financial challenges, Millennials look to each other

By Nowack & Olson, PLLC |

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 »

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Credit card company says that consumers are less afraid of debt

By Nowack & Olson, PLLC |

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 »

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More credit card offers available to consumers

By Nowack & Olson, PLLC |

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 »

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Americans take on more credit card debt

By Nowack & Olson, PLLC |

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 »

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