Filing for Chapter 7 bankruptcy has the advantage of discharging debt you owe. However, if you used certain property as collateral for a loan, you still will have to provide some sort of compensation to the creditor to avoid losing the property. What do you do when...
Month: February 2017
Home foreclosure levels declining
A financial and consumer information company that tracks national trends has reported some encouraging news for homeowners in Florida and across the country. The level of home foreclosure inventory as well as the number of completed foreclosures has significantly...
Suggestions to pay off credit card debt
Many people in Florida and throughout this country look for ways to save money and reduce expenses. Financial experts cite credit card debt as a burden to a majority of households. On average, consumers pay around $1,300 a year in interest on their credit cards. A...
Recent loan modification defaults faster than in previous years
A prominent credit rating agency has published a report on lending trends in Florida and across the country. One area of interest was the default rate for loans that were modified. The study states that a loan modification that took place since 2014 was more like to...
Eliminate anchoring to reduce credit card debt
A noted business school has published a study that suggests there are psychological factors when it comes to paying bills. Households in Florida and throughout the country maintain an average balance of $16,000 in credit card debt at any given time. Many consumers pay...
Credit card debt is an emotional issue for many
Florida residents and others throughout the country often get into debt for a variety of reasons. A recent survey conducted by a personal finance website asked questions regarding credit card debt. The survey revealed that emotions play a big part in how consumers...
End of federal program will change loan modification program
The new administration in Washington has no plans to replace a program that expired in December after being in place for the past eight years. The Home Affordable Modification Program was established in 2009 in an effort to help struggling families during the mortgage...
The vital role of credit counseling in your bankruptcy case
Much of the focus on bankruptcy is about how to reduce or eliminate your debt and have a fresh financial start. While it is important that you have good information on the right bankruptcy approach for your situation, there is more you need to know. Since 2005, U.S....
Pay off credit card debt with this trick
About 25 percent of the people in this country think about money more often than any other topic. Florida residents are no exception. There are many strategies to develop financial strength, but one practice can be beneficial in several ways. Paying down credit card...
Home foreclosure cases would be affected by Florida House bill
A Jacksonville representative recently filed a bill in the Florida House that would give lienholders more rights in foreclosure proceedings. The bill proposes legislation that would allow documentation from bankruptcy cases to be considered in home foreclosure...