Illegal creditor harassment
People in Birmingham who are dealing with overwhelming debts may, at some point, experience harassment at the hands of creditors attempting to collect payments. However, it is imperative that debtors learn their rights when it come to creditor harassment. In...
Household credit card debt on the rise
A recent study by NerdWallet has shown that credit card debt for U.S. households is on the rise once again. According to the report, the average debt, which is now $15,355, has decreased since the recession, when it was as high as $17,000 in December of 2008, but has...
Financial documents required for bankruptcy
Filing for bankruptcy, while frightening, can often provide individuals and families with a great deal of relief from financial hardships. If you have decided to file for bankruptcy in Birmingham, you will need to collate and provide several important financial...
Former Redskins player files for Chapter 11 bankruptcy
Former professional football player Clinton Portis recently filed for Chapter 11 bankruptcy in Florida after reports revealed that he was facing debts of over $2.5 million. News sources said the 34-year-old ex-Redskins star filed for Chapter 11 Bankruptcy in the...
Glen and Cristy Rice’s Miami condominium facing foreclosure
The Miami condominium jointly owned by former basketball star Glen Rice and his ex-wife Cristy Rice is being threatened with foreclosure, a November 6th article reported.According to reports, the bank who gave the former couple the loan for the property has claimed...
Understanding debt negotiation
Individuals in Birmingham who are dealing with overwhelming debt may hesitate to do anything about it because they feel that bankruptcy is their only option. Fortunately, that is not true. Debt negotiation is a process by which individuals who are struggling with debt...
How to quickly recover from credit card debt
Nationwide credit card debt continues to soar, leaving many households steeped in what they often believe will be a never-ending debt cycle. Fortunately, the following is a list of tips for these individuals that may enable them to pay off their credit card balances...
Bankruptcy terminology everyone should know
Since bankruptcy is a legal procedure, many of its terms can be confusing, especially to those people who are considering filing for the first time. Below are terminologies people should know when considering filing for bankruptcy:Insolvency means that a person or a...
Student loan debt relief options for parents
Parents who are financially supporting their children’s education by cosigning their student loan debts may want to try the following options, especially if they are already having difficulty making their monthly payments.Parents who are struggling to pay their “PLUS...
Indicators that you should consider bankruptcy
People who are dealing with financial difficulties can often be confused and may likely think that their problem will never end. People in Birmingham who are struggling with their finances may want to consider filing for bankruptcy if they experience any of the...
Ex footballer’s property may face foreclosure
The San Fernando Valley property of ex football player Terrell Owens may face foreclosure if he can’t sell the home within the 90-day time period, according to an article from Realty News.Reports said Owens failed to pay $905,417.06 in mortgages for his 4,250...
1 in every 6 NFL athletes files for bankruptcy
A recent study revealed that an average of one in every six NFL football players file for bankruptcy, an article from Ventura County Star reported.According to the research conducted by the National Bureau of Economic Research, professional football players seek...
Foreclosure rates improving in the U.S. even in lagging states
Although the United States as a whole has continued to see decreasing levels of foreclosure, there are a handful of states that still have relatively high foreclosure rates, according to data from RealtyTrac reported by USA Today.The state of Florida reportedly still...
Foreclosures not at pre-recession levels but still improving
Although more homes were foreclosed in May than pre-recession levels, it is still nearly half the number of foreclosures that occurred in 2011, according to the Orange County Register on July 14.According to CoreLogic data, approximately 7.8 million homes across the...
Handling credit card debt during unemployment
Facing unemployment is frustrating, espeically if you are burdened with credit card debt. Individuals who are in a situation like this may want to consider the following ways to alleviate their situation:If you are currently looking for potential employers, it is...
Troy officials warn people of payday loan companies’ bad practices
A meeting was held recently in Troy City to inform residents about predatory loaning businesses, WSFA12 reported on June 12.According to Troy City Councilwoman DeJerilyn King Henderson, many consumers did not know that they are likely paying more in...
Debt management tips for seniors
ABC 7 offered some tips for senior citizens who may be struggling with debts as they reach retirement age. In this situation, you may want to consider the following ways to decrease stress over your finances:Identify all expenses and create a workable...
Each member of boy band Blue has sought bankruptcy protection
Singer Lee Ryan of the once-famous R&B group “Blue” has sought bankruptcy protection, the 4th and last member of the group to make that decision, a May 18 article of The Guardian stated.The 31-year-old music artist was pressured to file for bankruptcy by a...
Bullet Bob’s former spouse scheduled to lose home
The residential property of the former spouse of late Dallas Cowboys football star Bob Hayes is being threatened with foreclosure, a May 5 report of WFAA 8 revealed.Reports said that former wife of “Bullet Bob,” Altamease Hayes, and her legal counsel sought a...
Ex Baywatch star sells her house to pay debt
Ex Baywatch actress Nicole Eggert recently sold her luxurious Los Angeles home to pay off hundreds of thousands of dollars of debt, an article of Realty Today stated on April 28. The 43-year-old who played the role of “Summer Quinn” in the 90s TV series reportedly...
Many Americans remain plagued by serious credit card debt
According to a new survey, many American families are still affected by overwhelming credit card debt, although the number is decreasing, an April 10 article of KOMO News stated.In the survey conducted by the National Foundation for Credit Counseling (NFCC),...