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 for many. As most foreclosures happen due to financial problems, potential home buyers...
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 Sutton Trust, tuition fees in the UK were the highest among English-speaking countries...
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 U.S. The report found that there were 10 cities in Alabama...
People today often take advantage of using computer software and internet technology to make completing tasks more convenient, including bankruptcy filing. Though the internet is a great source for relevant information on how to address financial issues, people should be aware that filing bankruptcy on their own using a software can be risky for mistakes made when...
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 card use. In the 25 to 50 age bracket, the study found out that an...
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 survivors between the ages of 18 and 64 will likely have to deal with...
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 documents. Usually, the bankruptcy court requires debtors to submit their income statements, a complete list...
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 that Glen and Cristy have not made a payment on the $1,401...
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 business can no longer settle their debts where in some situations the...
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 Loan” monthly dues may want to use the “income-contingent repayment plan” in order to adjust...