Financial experts have observed that though many people are earning more money, nationwide credit card debt is also on the rise, noting the $912 billion debt from January to June of this year.Experts noted that mitigating credit card debts could be considered “one of...
Chapter 13
Why consider filing for Chapter 13 Bankruptcy?
Those who can no longer manage their debts may want to consider filing for Chapter 13 Bankruptcy. Also referred to as a “wage earner’s plan”, chapter 13 bankruptcy is a solution that gives an individual the capacity to create a plan to pay back all or a portion...
What should foreclosure victims do to buy another home?
Individuals should know that there are steps they can take to buy a home after completing a foreclosure procedure. Buying a home should be an option families consider because continually renting a home can become expensive and mortgage rates are becoming affordable...
Foreclosure looms for NFL legend Terrell Owens
Former professional football player Terrell Owens is at risk of losing one of his properties to foreclosure after he failed to settle mortgages of over $900,000, an August 6 article of Realty Today reported. According to reports, Owens defaulted $905,417.06...
Distressed borrowers given foreclosure protection under new mortgage rules
Under the new mortgage rules approved on August 4 by the Consumer Financial Protection Bureau (CFPB), certain distressed homeowners who are being threatened with foreclosure may get relief, an article of Reuters reported.The CFPB will now require mortgage payment...
U.S. grads find it harder to pay off student loans than UK grads
A recent study revealed that although student loans are substantially higher in the UK than the U.S., college graduates in the U.S. often find it harder to settle their debts, an article of University Herald reported on June 17.In the report released by the...
Birmingham student loan debt among highest in the country
A recent study by the analysts at WalletHub shows Birmingham is within the top two percent of the most debt-stricken cities in the country.The consumer finance website conducted their study by weighing median incomes against average loan amounts in 2,513 cities in the...
Americans are unable to wean from excessive credit card use
A recent report by Bloomberg observed that many credit card users are struggling to pay off the interest rates on their previous credit card balances.According to College Professor Scott Fulford, Americans at an early age start to heavily depend on credit...
Cancer survivors likely to experience financial hardships
According to a January 6 article from Fox News, working age cancer survivors are highly likely to face debt and foreclosure or file for bankruptcy. According to the researchers at the Kaiser Permanente Center for Health Research, at least one-third of cancer...
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...