Americans Not Doing Enough to Save Up for Retirement

Although many Americans struggling with debt realize how important it is to save for retirement, the reality is that not enough people are doing enough to prepare for a time when they won’t be working anymore. According to a recent survey, the vast majority of people living in the U.S. have dangerously low amounts in […]

3 Major Mistakes You Need to Stop Making with Credit Cards

Credit card debt is one of the major reasons people get in over their heads financially. In addition to medical debt – which actually ranks as the number one reason people are forced to file for bankruptcy – credit card debt can have you borrowing from Peter to pay Paul, as they say. You find […]

Cross-Collateralization: When Unsecured Debt Ends Up Costing You Your Car

Many choose credit unions because they generally offer certain advantages over banks. You might get a better interest rate on a loan, a higher credit limit, fewer fees, or more personalized attention. But credit unions also commonly practice cross-collateralization—a term most have never heard of and rarely pay attention to when scanning the fine print. […]

Many Americans with Financial Struggles Focus on the Present, Don’t Worry About the Future

This is the second article in a blog series on emergency savings and financial security. Check out the first blog article, “Study Finds That Most Americans Can’t Cover Unexpected Emergency Expenses.” Far too many Americans only think about their short-term economic interests and don’t give enough thought to their long-term financial security. Just because a […]

What Is the Means Test in Bankruptcy?

In 2005, the United States enacted the Bankruptcy Reform Act. Under the new guidelines, the courts are able to make a determination about whether or not you would be able to afford payments under a reorganization of your debt – in accordance with a Chapter 13 filing. One of the largest differences between Chapter 7 […]

Repossession Laws In New Jersey: What Consumers Need to Know

When you start getting behind on your bills, the thoughts of default, repossession, bankruptcy, and loss of quality of life is enough to make anyone fearful and avoidant. During these uncertain times, it’s critical to communicate with your lenders. Most businesses and lenders are willing to work with you either pausing your payments or coming […]

Don’t Load Up on Debt to Build Credit

An individual’s credit score is one of the most important numbers attached to their identity. It can play a deterministic role in your financial decisions because it impacts your ability to be approved for loans and credit cards, how much interest you pay and the likelihood you’ll be approved for renting an apartment. Several websites […]

Why Americans Are In So Much Debt

Feeling like your debt is higher than ever? You’re not alone. The Federal Reserve reports on consumer debt each month, and recent stats show that consumer borrowing has reached a new milestone. Americans are diving deeper and deeper into the red as consumer debt just crossed the $4 trillion mark for the first time ever. […]

Debt Restructure Rescues Charlotte Russe

While financial struggles often impact individuals, it can also happen on a much larger scale. Businesses and companies often run into financial troubles that could ruin them. Recently, Charlotte Russe, a popular juniors brand company was facing $240 million of debt, which was due to mature come 2019. Fortunately for the San Francisco based company […]

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