Recently, some interesting debt-related statistics regarding Florida have come to light. According to a recent survey, last month, the average credit card balance in Florida was $6,442 and the average mortgage in Florida was $161,785. Reportedly, for both mortgages and credit card balances, this was a drop from the averages the state saw at the same time last year. Reportedly, in July of 2010, the average credit card balance in Florida was $7,726 and the average mortgage in the state was $174,309.
Mortgage struggles and home foreclosures can have major impacts on U.S. consumers. Thus, it is worth keeping an eye on mortgage-related trends in the United States.
In recent years, many homeowners in Florida have faced mortgage problems and foreclosures. Children are among the individuals who can be impacted by foreclosures. One could see how having a family home foreclosed on could have major effects on a child.
Credit card debt is one of the types of debt consumers sometimes hold. Problems with high debt, including high credit card debt, can have major impacts on consumers. Thus, it is worth keeping an eye on trends regarding credit card debt.
As we have mentioned previously on this blog, many individuals have faced debt and financial struggles in light of the recent economic difficulties the nation has experienced. Struggles with debt and finances can have many impacts on an individual's life. Sometimes, individuals will look to bankruptcy protection to help deal with difficulties they are facing regarding debt and other financial matters.
Last post, we discussed bankruptcy statistics regarding Miami-Dade County. This post, we will be discussing some foreclosure numbers from the county.
In a post last month, we discussed how the nation as a whole has, thus far, been seeing drops in bankruptcies in 2011. Statistics recently reported on by the Sun-Sentinel indicate that Miami-Dade County and the South Florida region saw such drops last month.
A foreclosure action can have major impacts on a homeowner. Thus, it is very important for mortgage lenders and banks to do everything they can to make sure that they do not wrongfully foreclose on a property. No individual should have to be the victim of a wrongful foreclosure.
Recently, it was announced that politicians in Washington D.C. have reached a debt deal. It is worth noting that if the bill containing the terms of this deal passes, it may not only impact national debt. It could also have an impact on the personal debt of some graduate students.