Tag Archives: debt relief
New rules on federal exemptions help clarify wage garnishment
Just getting by from day to day can be difficult enough for many Floridians with financial challenges, without the worry of having their wages garnished to pay off their creditors. Millions of people might find themselves facing wage garnishments before filing for bankruptcy. Some exemptions have been put in place to prevent people with… 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 »
New watchdog group to crack down on creditor harassment
Are you tired of dealing with collection agencies? If so, you’re not alone; more than 30 million consumers in the U.S. are the targets of collection agencies. As you may already be aware, some of their tactics go beyond annoying: Many bill collectors have been known to use aggressive and abusive tactics. One man… Read More »
The “working poor” status is a growing problem in Florida
If you’ve been struggling to pay your bills like many Floridians, especially if you feel your situation has been growing worse for months, you may fit into a classification that economists call the “working poor.” This wage bracket includes low-income families with one or more people in the household who work, but as a… Read More »
Hillsborough County increases homestead exemptions for seniors
Senior citizens represent a large portion of Floridians who are particularly vulnerable in this difficult economy. Fortunately, there are a variety of state exemptions and other programs available to help those who are struggling. Most counties have at least a few programs for seniors and other groups with special needs from tax breaks for… Read More »
More fraudulent debt relief and credit recovery businesses halted
The Federal Trade Commission is cracking down on companies that take advantage of Americans who are saddled with debt. Knowing that there are many consumers seeking debt relief, businesses abound that promise deals such as low-interest credit cards, instant approval for those with bad credit, balance transfers and other programs to help those in… Read More »
Florida’s foreclosure rate remains highest in the country
With foreclosures jumping 20 percent in November from this time last year, and 3 percent in October, Florida is the nation’s leading state for foreclosures and foreclosure-related activity. The California data firm RealtyTrac states that the real estate recovery over the next year will probably be slow, as homeowners seeking debt relief are forced… Read More »