Struggling to pay your monthly mortgage? While this can be an isolating experience, you are not alone. Other Florida homeowners have faced this exact situation, and many were able to come out on the other side without facing home foreclosure. However, avoiding...
Month: January 2019
Can debt relief help student loan borrowers buy a home?
For generations, buying a home has been a defining milestone of becoming an adult. Unfortunately, this goal is becoming harder and harder for some young adults to obtain, and it is not necessarily because of a rough housing market or overpriced homes. Debt -- student...
Chapter 13 bankruptcy can help with financial toxicity
Receiving a cancer diagnosis is a life-altering event that can impact the rest of a person's life. The long-term effects of surviving cancer -- including the emotional toll of facing such a devastating disease -- can be difficult. However, one of the biggest hurdles...
Debt relief: higher interest rates could lead to bankruptcy
America has a serious fixation on car culture that might be hard to deny. Owning a motor vehicle is often about more than just transportation, and people in Florida often feel as if their choice of ride says a lot about who they are. However, as auto loans account for...
Bankruptcy filings are low — why is that bad?
Debt is something that virtually every person will have to deal with at least once or twice during their lives. While some consumers handle these debts effectively, many people in Florida struggle with monthly payments for things like their credit cards, auto loans...
Home foreclosure rates on the decline
Owning a home is a monumental achievement of the American dream. Unfortunately for some Florida homeowners, that dream has proven to be more difficult than expected. Recent data indicates that some of those difficulties could be on the downward slide, with rates of...
Credit counseling required before filing for bankruptcy
As someone considering filing for bankruptcy in Florida, you may be exploring your options and trying to figure out whether this may be the most effective method of getting your finances back in a manageable state. Many people having a hard time digging...
Last year’s credit card debt outpaced predictions
Coming out of the holidays and into the new year can be an uncomfortable experience for some people in Florida. While virtually no one plans to become entrenched in debt, it is sometimes hard to escape. From feeling obligated to purchasing gifts to traveling to visit...
How filing for Chapter 7 bankruptcy stops harassing creditors
Bankruptcy is often vilified as the final nail in a person's financial coffin rather than the breath of fresh air that it truly is. By the time a person in Florida files for bankruptcy, he or she are usually behind on one more debts and is dealing with other serious...
What should I do re home foreclosure on my investment property?
During the housing boom, Florida was a popular place for investors to scoop up real estate. Unfortunately, as the market declined over the years, many investors found it more and more difficult to keep up with the overhead costs of their properties. If you are one of...