Debt can weigh heavily on the mind of the typical Florida resident, with worrying thoughts intruding on otherwise peaceful activities. Although most people try their best to pay off their debts, the task often feels insurmountable. With growing balances and shrinking...
Month: October 2018
Chapter 13 bankruptcy: Debt common across generational lines
According to a recent survey, debt is almost as American as apple pie. Nearly three quarters of Americans have at least one kind of debt, which can create an enormous burden on the individual. While some people might think that certain individuals or generations might...
Understanding the wage garnishment process
Virtually no one plans to fall behind on their bills, but many people in Florida find themselves in this exact position. When consumers still cannot get caught up despite their best efforts, creditors will sometimes turn to wage garnishment. Not all debts may be...
Are federal programs failing to provide promised debt relief?
The student loan crisis does not appear to be going anywhere anytime soon, and that is perhaps because of the very few options that borrowers have for dealing with this type of debt. Many people in Florida felt optimistic about a program that was intended to provide...
3 unexpected ways you can fall into debt
The idea of avoiding debt seems straightforward. If you do not spend more money than you have, you can live debt-free. Unfortunately, it is not always as easy as it sounds. In a consumerist society, it can be hard to control your spending and manage money wisely-aside...
Florida ranks high for credit card debt
The current economy climate is looking considerably better than it did even just 10 years ago. In the decade following the Great Recession, unemployment rates have hit a record low and borrowing by the average Florida consumer seems to be going strong....
Can Chapter 7 bankruptcy help student loan woes?
As the second largest category of consumer debt nationwide, student loans are fairly common among Florida residents. Unfortunately, so is defaulting. Approximately one million borrowers default on their student loans every year. For those who think they may default on...
Rapper T-Pain faces home foreclosure in Florida
T-Pain is probably most well-known for his musical prowess, but music fans might be surprised to learn that the rapper recently lost his Florida home. Home foreclosure can happen to anyone, but there are steps that homeowners can take to stop or prevent the process...
How a short sale can stop home foreclosure
Significant financial changes can leave some Florida homeowners short when it comes to paying their monthly mortgage. Short sales are often billed as an effective way to stop home foreclosure, even if it means that the owner has to sell the house and move out. While a...
Are personal loans a good choice for debt relief?
Most categories of consumer debt are on the rise, including credit cards, auto loans and mortgages. None of those, however, are increasing nearly as fast as personal loans. Although Florida consumers take out personal loans for a wide variety of reasons, many are...