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...
Chapter 13
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...
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...
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...
Survey reveal U.S. credit card debt soared in 2014
On March 10, CBS reported that credit card debt last year skyrocketed and the trend is expected to continue into 2015 as the U.S. economy continues to improve.According a recent survey from CardHub, a total of $57.1 billion in new credit card debt was recorded in the...
Foreclosures increase for high end homes
According to recent data released by CoreLogic, many high end homes are undergoing foreclosure procedures even as the overall foreclosure rate continues to improve, The Wall Street Journal stated on March 5.Though overall foreclosure rates at the end of 2014 reduced...
5 percent increase in U.S. foreclosure rate
Real estate data provider RealtyTrac revealed on February 12 that foreclosed properties in the U.S. climbed by 5 percent over the past month–making it the highest increase in the last 15 months, Business Insurance reported.Daren Blomquist of RealtyTrac stated that...