Many consumers have faced debt struggles in the wake of the economic conditions that the nation has experienced in the past few years. Thus, debt has become a major issue in recent years. Recently, the Wall Street Journal reported on some interesting debt-related...
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...
Even though the recession has taken its toll on Florida residents, many people have tried get their finances under control. However, it appears that women are more willing than men to seek debt relief help with their financial problems. But what causes this...
Struggles with debt are one of the types of financial problems consumers can face. Such struggles can have major impacts on a consumer. There are many types of medical debt struggles and how much insurance protects individuals from such struggles.Source: UPI,...
People dealing with substantial debt problems may be vulnerable to scam artists seeking to take advantage of them financially. The Federal Trade Commission (FTC) recently shut down two such debt negotiation companies. The two companies, one of which was based partly...
Dealing with mortgage problems and foreclosure proceedings can be very difficult. It can be even more so when mortgage lenders and servicers engage in wrongful practices. Such wrongful conduct can have major impacts on borrowers. In some cases, it can even lead to...
Many legal concepts are misunderstood by the general public, but perhaps the most prevalent legal myths surround bankruptcy. How often have you heard it said that you have to lose your home and your car to get bankruptcy relief? Or that the retirement savings you...
As the economy declined, much of the tourism in Florida went with it. Businesses and their employees who used to rely on tourists for consistent income have had to face the reality that fewer people have been visiting Florida in recent years. This put financial strain...
In 2009, the Target National Bank sued a consumer, saying that she was delinquent on payments for her Target store credit card. Five months later, the company dropped the lawsuit, but the consumer says that the damage was already done. According to the woman, Target...
There are many reasons that people find themselves struggling with debt. For some, it is largely out of their control. Job loss and serious illnesses or injuries can leave families without much needed paychecks. But for others, simply not understanding basic financial...
