Florida consumers swiped their credit cards more than almost everyone else in the nation over the year's second quarter. While experts caution that this is not necessarily a sign of incoming disaster, it could spell trouble for some people. Consumers who have...
Month: August 2018
Homeowners have options for avoiding home foreclosure
Owning a home can be a stressful but rewarding experience -- from tackling those first home repairs to arguing with one's spouse over paint colors, there is truly nothing else like it. For those who encounter brief financial problems that make paying the mortgage...
Send your kid to college, face home foreclosure?
Sending a child off to college is often seen as an important step in life, and most Florida parents feel proud that they are helping their children further their educations. While a college education is often essential for a good job, it can also have a downside....
Aging Americans in desperate need of debt relief
Older Americans are currently filing for bankruptcy at astonishing rates. This generation's need for debt relief can be boiled down to a several contributing factors, including higher retirement and health care costs. However, waiting to file for bankruptcy is usually...
Making credit card purchases before you file for bankruptcy
Not everyone who decides to file for bankruptcy intends to or is able to do so immediately. If you are in this situation, there may still be a number of expenses that you have to cover. You may wonder if you can continue to use your credit card right up until you...
Are auto issues contributing to Chapter 13 bankruptcy?
There is no denying America's deeply rooted car culture. From visiting the park to grocery shopping to commuting to work, it all takes place behind the wheel. However, a love of vehicles is not enough to keep Florida consumers from experiencing car-related money...
Low-income patients in desperate need of debt relief
Seeking medical care treatment can be frightening not just because of the potential for further illness or injury, but because of the high cost of care. Federal law requires nonprofit hospitals in Florida to provide indigent care, which provides reduced or even free...
Wells Fargo did not stop home foreclosure for qualified borrowers
Losing a house to foreclosure is a traumatizing event for homeowners. Some people in Florida are able to modify their loans or utilize certain federally-backed programs to stop home foreclosure. However, it recently came to light that a Wells Fargo mistake caused...
Millennials may be in need of medical debt relief
There is no getting around it -- the cost of health care is astronomical. Medical costs are completely out of reach for the average Florida resident, and not just for catastrophic events. Generic costs associated with seeking care for minor illnesses and injuries is...
High interest rates contribute to growing credit card debt
Credit card interest rates have been going up over recent years, which has contributed to the growing balances carried by most Americans. Higher interest rates make it much more difficult to pay off existing credit card debt, and many people in Florida may see their...