Foreclosure is no longer something that only the fringes of society are faced with. Many regular homeowners who had always been current on their home mortgages have had to face the consequences of overwhelming debt during the recession. And the rich and famous are not...
Year: 2011
Those diagnosed with cancer more likely to file for bankruptcy
It's a common misperception that there is something shameful about needing financial help. Some feel that it's an embarrassment to have an excessive amount of debt and the need to file for bankruptcy. Those people, however, need to look at reality. Options like filing...
Holiday shopping layaway: don’t let it put you in debt
It is hard to believe that the holiday season is upon us again. And even though economic times are tough in Florida and throughout the country, friends and families are sure to find ways to hit the stores and buy their loved ones gifts no matter what. It can be the...
Struggling American consumers aren’t asking for help
You know that stereotypical story of gender norms, how men are too proud to stop and ask for directions when they get lost, right? Well, according to a recent USA Today report, Americans who are lost in financial crises are avoiding getting direction, too. Poverty is...
Fannie Mae under scrutiny related to ignored foreclosure abuse
It's the nature of every business to want to make a profit, but there comes a time when the price is simply too high. The foreclosure and subsequent economic crisis is that price. There were reportedly many red flags and warning signs that pointed to the crisis, and...
Why it’s important to question your bank about debit cards
Not long ago using a debit card was considered a wise choice for those who wanted to avoid credit card debt but wanted the perks of using something other than cash or checks. But more and more avoiding extra charges is becoming difficult as banks are charging...
Is there hope for the foreclosure-frightened masses?
The housing crisis has been a big thorn in the side of Americans, causing many people to face home foreclosure. Sometimes the foreclosure process has seemed fishy to many borrowers, or at the very least inconsistent. The processes, answers and level of knowledge...
Not all loan modification programs are what they seem
The housing crisis has left many in fear of foreclosure, with job loss, rising interest rates due to adjusted rate mortgages, plummeting home values, and unexpected home maintenance costs. Many have sought relief through loan modifications. Unfortunately, the fear of...
Have consumers learned the dangers of credit card debt?
Consumers in Florida and all around the U.S. have had to come to grips about a lot of economic truths over the past few years. Jobs aren't always available. Home values do not always go up. Credit cards are dangerous in certain hands and/or economic environments. CNN...
Bankruptcy report: Higher education not secure investment anymore
For many people, the decision about what to do after high school was a no-brainer. You go to college and get your degree. Doing so will mean better opportunities, higher paying jobs, protection against bankruptcy and more financial success overall. However, in the...