There are many types of debt and many reasons why people accumulate debt, and that debt can compound and lead to more financial problems, many of which become increasingly difficult to overcome and eventually lead to bankruptcy. However, one type of debt seems to...
Month: April 2015
Widow unaware of home foreclosure protection
When a spouse dies, the attending financial responsibilities and lack of knowledge about basic rights and protections can lead to confusion. Even worse, it can lead to financial disaster and possibly home foreclosure. For one widow, not understanding or being aware of...
Home foreclosure rates decreasing slowly in Florida
The onset of the housing crisis in the United States produced a record number of home foreclosures just years after homeownership numbers hit an all-time high. Florida was hit particularly hard when the housing crisis struck, and many homeowners were faced with home...
Chapter 13 debt repayment plan can benefit Florida families
When families struggle financially, one option for ending the struggle and regaining financial control is to file for bankruptcy. However, deciding to file for bankruptcy is only the first step. The type of bankruptcy then has to be determined. For some families in...
Home foreclosure problem helped by Florida jobs
Florida has been dubbed ground zero for home foreclosures during the recession. The high rate of home foreclosure filings in Florida led to a terrible back log of homes that needed to be dealt with through the legal system. This high amount of vacant homes are finally...
Unsecured debt could cause issues for students in Florida
Any kind of debt can get out of control and wreak havoc on an individual's finances. One area in particular is predicted to cause issues for college students in the near future in Florida and elsewhere. That issue is student loan debt. It is predicted that, as far as...
When loan modification is tempting, review bankruptcy options
There may be nothing more frightening for a family than being unsure if it can catch up on a mortgage or if permanent action to save the home is needed. One option that more and more people have turned to recently is a loan modification. While a loan modification may...
Home foreclosure inaction in Florida leads to free homes
The home foreclosure process is very detailed and can be a lengthy legal process. After the backlog within the court system in Florida and elsewhere created by the recession, the home foreclosure process went past the statute of limitations for some. The banks'...
Florida families should be aware of rising credit card debt
Analysts are working to inform consumers about the rise of credit card debt for American families. According to the latest statistics, the numbers related to credit card debt are fast approaching the levels that caused havoc for Florida families in 2008. In fact,...