A Fresh Start Begins Today

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…

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…

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%)…

Student loan debt has risen significantly in recent years. Proposals for helping Americans deal with their crushing debt and even canceling some debt are being discussed by people who have entered the 2020 presidential race, like Sen. Elizabeth Warren. Unfortunately, even though…

Back in the day, if someone owed money to a creditor, they may have received seemingly relentless telephone calls from collection agencies and debt collectors. Now, many people don’t have landlines and may not even answer cellphone calls. Younger people,…