The Federal Reserve conducts an annual stress test to determine if banks would have sufficient capital should certain adverse financial scenarios surface. The analysis from the most recent review shows that the nation's largest bank holding companies would survive...
Month: June 2017
How to deal with medical debt
If you find yourself choosing between putting food on the table for your family or paying your medical bills, you are one of many people in Florida struggling to pay their bills. Increasing medical costs and stagnant incomes are just a few reasons why medical...
Get credit card debt under control
Many consumers in Florida and around the nation utilize credit cards as part of maintaining their budgets. However, the average family in the county now owes more than $8,000 in credit card debt. The total of this debt for the nation has now increased to over $1...
Florida home foreclosure rates continue to improve
Being ranked number one on a list is often cause for celebration. However, Florida once topped a list where many officials were not very pleased to see the state's name. In the past, Florida was first in the country for home foreclosure activity. However, a recent...
Debt consolidation one way to reduce credit card debt
Many Florida residents and others around the country often use the equity in their homes to get a debt consolidation loan. Interest costs can be considerably lower, and proceeds are frequently used to pay down mounting credit card debt. While paying down debt is...
Credit card debt a problem for many Florida consumers
For the average Florida consumer, credit cards are fairly easy to obtain. Companies send offers through the mail; department stores offer them with almost every purchase. While the offers may be enticing and the benefits attractive, credit card debt can prove to be a...
Chapter 13 bankruptcy and other filings up in May 2017
Deciding to file for bankruptcy is a decision made by some Florida residents and others throughout the nation to get a fresh start. There are two main options for consumers seeking relief: Chapter 7 or Chapter 13. While Chapter 7 bankruptcy filings primarily deal with...
Helpful tip to better manage credit card debt
Many consumers in Florida and around the nation use credit cards every day for various financial transactions. Analysts from a financial planning website acknowledge that the use of credit cards is not a bad thing. However, credit card debt is a growing problem in the...
Woman faces home foreclosure after Extreme Makeover renovation
Extreme Makeover is a reality television show viewed by many Florida residents and others around the country. The show chronicles the renovation of an existing home for a deserving family. Nine years ago, a woman in another state watched as her home was completely...
Rules to keep credit card debt under control
Many households in Florida and around the country have a least one credit card utilized for a variety of reasons. While credit card debt in the nation is growing at an alarming rate, it is vital to be informed on how to most effectively use this common financial tool....