Thousands of Florida residents struggle with credit card debt. That’s certainly no surprise as reports indicate that credit card debt is the most common type of debt among Americans. Many people don’t realize that credit card debt is negotiable, and understanding the...
Bankruptcy
CFPB report warns consumers about medical debt financing
Many Florida residents are struggling to cope with medical debt. Unmanageable doctor and hospital bills are the leading cause of personal bankruptcy in the United States, and about $88 billion in medical debt has been placed for collection. Advocacy groups and...
Does bankruptcy affect child support in Florida?
Child support ensures that families in Florida can maintain a standard of living after a divorce. However, some continue to struggle with financial problems, which could mean filing for bankruptcy to receive a fresh financial start. Child support laws in Florida In...
What happens when you file for Chapter 7 bankruptcy?
At some point, many Florida residents have to deal with debt. Although some may find it easy to settle, others can struggle and have no choice but to file for bankruptcy. Chapter 7 is one of those options; this is what to expect when filing. Chapter 7 bankruptcy...
Top 4 reasons for bankruptcy
Most people who make the difficult decision to file for bankruptcy protection do so for a variety of reasons. While making sound financial decisions certainly helps people avoid bankruptcy, there are instances in which people go bankrupt through no fault of their own....
Negotiating with Florida lenders
A resident in Florida might improve their financial situation by negotiating with their lenders. This is because lenders are often willing to negotiate with customers in financial distress. Negotiating is possibly a win-win situation for everyone involved. The...
Will my debt be discharged by a bankruptcy?
One issue plaguing many Florida residents is credit card debt. As credit card debt racks up, it can be hard to see a future in which you are debt free again. Many may believe their only path forward is to declare bankruptcy. However, before you make that serious...
What to know about obtaining debt relief in Florida
Working with your lender to settle a debt may be an ideal alternative to bankruptcy. Most creditors would prefer to get at least a portion of the debt rather than risk getting nothing after you file for bankruptcy. Typically, you can obtain a settlement on your own,...
Credit reports are changing, and for the better
Florida residents with poor credit scores are rarely offered attractive interest rates when they obtain credit cards , and they may even find renting an apartment or purchasing auto insurance more difficult. If your credit score is low because you have not borrowed...
When should you file for bankruptcy?
Florida residents dealing with sizable debt often don’t know where to turn. For some, there are practical solutions to alleviate the financial burden. However, others may not be so lucky and see no end in sight. In that case, bankruptcy might be the best option....