Florida residents are no strangers to the lingering effects of the Great Recession and a decade of economic uncertainty. As a result, many people reigned in their spending habits. Now, experts believe that many consumers are suffering from frugality fatigue. With...
Month: November 2018
Debt relief for medical bills is possible
Receiving an unexpected medical bill can be devastating for the average person's finance situation. But what about when a Florida patient is anticipating opening up their mailbox to find a large bill waiting for him or her? In some cases, knowing what is coming does...
Want to avoid home foreclosure? Look in housing-diverse areas
Losing a home to foreclosure is a traumatizing event that often feels unavoidable. Now, some experts believe there could be a way to minimize the risk of such an occurrence. Florida homeowners who bought houses in neighborhoods with a greater diversity of housing...
Can I discharge my tax debt in Chapter 13 bankruptcy?
Tax season can be a time of incredible stress if you do not have the funds to cover what you owe the government. As these bills grow, accumulating interest, you may find yourself at the bottom of an impossibly deep hole. Chapter 13 bankruptcy can usually help...
3 ways you can ruin your bankruptcy case
If you are considering filing for bankruptcy, you are not alone. It is more common than you think and has actually significantly increased among retirees, shares U.S. News and World Report. Whether or not you have made the decision to file, it is smart to know...
Consumers spend billions for credit card debt, interest
American consumers seem to be confident in their spending habits, but is the upwards trend sustainable? According to some experts, probably not. Consumers in Florida and across the rest of the United States are currently shelling out over $100 billion not in general...
Man could face home foreclosure for wife’s nursing home bills
Most people would do virtually whatever it takes to provide necessary end-of-life care for their loved ones. Unfortunately, for some in Florida, doing so can put them at risk for home foreclosure. An out-of-state man is currently in this exact situation and may soon...
Is student loan debt relief impossible?
According to experts, the outlook is not pretty for student loan borrowers. While a college education is virtually necessary to secure a good job in Florida, the cost of that education may feel like it is rising out of control. With predictions of defaults on the...
New credit score could lead to more credit card debt
Credit scores govern many aspects of daily life in Florida. From who is eligible for an auto loan to what kind of apartment a person is approved for, the credit score is an important financial tool that is not always easy to improve or maintain. Because of this, some...