May 2019 - Jeffrey M. Rosenblum, P.C.

Why is credit card debt increasing among young Americans?

May 27, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

Those who study consumer debt had been expressing optimism in recent years over young adults’ seeming aversion to taking on credit card debt and consumer loan products. Millennials and those in the group following them (Generation Z) were doing better…

Why many Americans are 1 medical crisis away from bankruptcy

May 20, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

Most of us take good health for granted — until a serious injury or illness strikes us or a family member. The resulting medical bills, possibly coupled with lost or reduced income, can devastate a family financially. It’s widely assumed…

Why consolidation loans can leave people in greater debt

May 15, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 7

When people are deep in debt, trying to juggle payments to a multitude of credit card companies and lenders each month in addition to paying their basic living expenses, the idea of a “consolidation loan” can be very attractive. Why…

Experts say customer credit quality is declining

May 6, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Chapter 13

The first quarter of this year brought some troubling news regarding consumer credit. The credit card industry saw an increase in the charge-off rate. That reflects the percentage of debt that companies don’t expect to collect. While that rate (3.82%)…

Finding legitimate debt relief assistance

May 3, 2019
On Behalf of Jeffrey M. Rosenblum, P.C.
Firm News

Far too many New York residents have found themselves struggling financially in the last few years. If you are one of them, you have likely been looking for debt relief options that will improve your situation without having to file…