A recent report from a nonprofit credit ratings agency found that one out of every seven homeowners in Broward, Palm Beach, and Miami-Dade counties was late on their mortgage payment in the past quarter. This statistic along with others make South Florida rank...
Month: May 2013
Bank forecloses on Florida father who is current on mortgage
Wells Fargo Bank is facing criticism after beginning foreclosure proceedings against an Orlando man who works as a bus driver to support his wife and three children. The man seems to have been the victim of improper foreclosure practices by the bank after they offered...
Students burdened with debt have regrets, survey says
We have written frequently on this blog about the problem of student debt and the growing level of people who are delinquent on student loans in this country. Student borrowing has now outpaced all credit card debt in the United States, topping $1 trillion in 2011 and...
Actor Sinbad makes second attempt at Chapter 13 filing
Actor and author Sinbad has filed for Chapter 13 bankruptcy, seeking relief from various consumer and tax debts. This is the second time Sinbad has filed for bankruptcy, the first time was back in 2009 but he did not successfully go through the process because his...
Congress acts to solve problem of medical debt
Medical debt is one of the most confusing types of debt, largely because it is prone to signficant errors on the part of healthcare providers and debt collection companies. In fact, even though error rates have dropped, one out of every ten medical debt claims still...
Credit card debt growth slowed in March
Recent data has shown that Americans are slowing the increase of the growing consumer debt. In March, seasonally adjusted spending on credit cards still increased, but less than it has over recent months, suggesting to some experts that Americans are being more...
Did you shop around for your mortgage?
It may be surprising to hear that after the extensive process of shopping for a home, many buyers neglect to shop around for a mortgage. This information comes from a recent survey by real estate website Zillow. The survey asked more than 1,000 homeowners and people...
Florida couple faces legal barriers to joint bankruptcy filing
A Florida couple is facing some legal opposition to their joint bankruptcy filing because their same-sex marriage is not recognized in the state. The southwest Florida residents were married in a state that does allow same-sex marriages and have owned and managed...