Florida residents who have run into a streak of bad luck and find medical bills piling up may find themselves tempted to file for bankruptcy. According to USA Today, Americans choose bankruptcy most often as a result of outstanding healthcare expenses. When emergency surgeries or other unexpected crises impact financial well-being, what should families do?
One of the biggest concerns you may have when you are facing a lot of debt in Florida is having your wages garnished. This can be devastating because the chances are good that you are having trouble paying your bills with the money you are making and if garnished, you will not be bringing home even less money. It can throw you into even deeper debt. So, when can a debt collector garnish your wages?
Getting a credit card in Florida can make you feel secure like you have extra money if you need it. However, it is really easy to use the credit card for situations where you didn't need to spend money. Credit cards can lead you to live beyond your means. Eventually, all that debt catches up with you.
With increasing debt loads hitting today's senior Florida residents, many older Floridians are turning more and more to bankruptcy court to resolve their financial problems. According to a recent article by Forbes, there are a number of reasons senior Americans are looking to bankruptcy to help them out of fiscal trouble.
It is very easy to get into debt in Florida. Anyone can overspend or over extend themselves. However, once your debt becomes problematic and you can no longer make your payments, some creditors may take drastic steps. You may be concerned about the security of your bank accounts in such a situation. Typically, for secured debts, you do not have much to worry about because they take whatever it is that secured the loan, such as your home or car. However, for unsecured debts, creditors may very well go after your bank accounts.
If you are like many Floridians, you have probably received an offer in the mail for a 0-interest credit card, and you may have found that offer appealing. Before you sign on the dotted line, however, keep in mind that credit card companies are there to make a buck, and they rarely act in a customer's best interest. At the law office of Kingcade Garcia McMaken, we have a firm understanding of how credit card companies operate, and we have assisted many clients who have fallen behind on their credit card payments or otherwise found themselves facing seemingly insurmountable debt.
Florida residents struggling with debt will also commonly find themselves struggling against the harsh and unrelenting harassment of creditors. Unfortunately, the threats that collection agencies make toward you can be endless and frightening, especially since they can easily carry said threats out. Here at Kingcade & Garcia, PA, we want to provide you with all the information possible so that you can stop this harassment in its tracks.
It may seem hard to believe, but over the next month, parents with college-aged children will soon be seeing them packing up their rooms, loading their cars and heading back to campus for the start of the fall semester. This means that the weeks ahead will be filled with seemingly innumerable shopping trips and other preparations designed to facilitate both a comfortable existence and, more significantly, academic success.
Looking back, one of the more shocking aspects of the not-so-distant subprime mortgage crisis was that billions of dollars in loans were ultimately thrown out by courts in collection actions owing to the fact that lenders simply couldn't provide the necessary documentation.
Chances are good the last time you bought anything -- from that tank of gas on the way home yesterday to that cup of coffee on your way into work this morning -- you paid for it with a credit card. Chances are also good that you had multiple card options from which to choose, perhaps combing through your wallet to find some preferred plastic.