Are you hesitant to file for bankruptcy because you are worried about how it will affect your future? The good news is that most negative consequences are temporary and far better than the long-term effects of remaining in considerable debt. Knowing how your...
Month: May 2017
Millions lost in phony Florida debt consolidation companies
Many consumers in Florida have experienced financial difficulties in the past few years since the economic downturn. Certain residents considered debt consolidation loans as a means to improve their financial position and repair their credit. Unfortunately, three men...
Credit card debt continuing to increase in United States
Financial industry experts report that the economy in Florida and around the nation is steadily improving since the recession in 2008. One indicator of this improvement is a willingness to lend money to consumers again after years of strict guidelines. While this is a...
Consumers need more emergency funds than credit card debt
Many Florida residents and others around the nation maintain an emergency savings account to help them when unforeseen expenses occur. However, a financial services company recently reported that nearly half of all consumers have more credit card debt than money in...
Home foreclosure rates improving for Miami-Dade County
After the mortgage crises, many indicators reflect improvement in the financial situations for homeowners in Florida and throughout the country. Many measures are maintained to demonstrate performance of the housing market. While many improvements are being...
Chapter 7 bankruptcy discharge violated by wage garnishment
Florida residents may seek bankruptcy relief to regain control of their finances. Many see it as an opportunity to have a fresh start. In fact, in a typical a Chapter 7 bankruptcy, the borrower's debts are discharged after assets have been liquidated and funds are...
Avoid this mistake when paying off credit card debt
The consequences of overspending can prove costly for Florida families. For many, overspending can result in a large amount of credit card debt. In the short term, it may mean that a consumer has less money to use for current needs since there are fees and interest to...
Remedies exist to prevent credit card debt causing insomnia
Although it is true that money cannot guarantee happiness, it can certainly provide peace of mind to most people in Florida and elsewhere. However, when things like credit cards are not handled responsibly, sleepless nights may follow. An interesting new study shows...
Mortgage lender faces federal charges of illegal home foreclosure
Ocwen Financial Corporation is one of the largest mortgage servicing companies that are not related to any bank. The Consumer Financial Protection Bureau recently filed a lawsuit against the company in a federal court in Florida, alleging it made mistakes, took...