Yearly Archives: 2019

Younger and older credit card holders are increasingly falling behind on their payments, according to the Federal Reserve Bank of New York. While credit card delinquencies are lower overall than they have been in the past, they’ve been rising during…

Many people who file for personal bankruptcy choose Chapter 13 over Chapter 7 in large part because it can allow them to keep their home and other valuable assets. If your income is high enough, you may not even qualify…

A new report recently published by MarketWatch shows that the number of bankruptcy filings has significantly declined in the past 10 years. In fact, they’ve reached the lowest rate that they’ve been since the Great Recession back in 2008. U.S.…

When people get into financial difficulties, their credit scores can start to plummet. Unfortunately, many Americans know little about the factors that affect their scores. Some are fairly obvious, like not paying bills on time and letting credit card and…

The financial institution LendEDU published a report earlier this month that sheds additional light on what may be motivating many individuals to file for Chapter 7 bankruptcy nowadays. They found that student loans may be one such factor. Data published…

The decision to file bankruptcy is a big one. It’s often the best way to get your finances back on track. You may feel a sense of relief once you’ve made the decision and started the process. However, don’t be…

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…

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…