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Promoting a Proactive Approach towards Financial Security

July 2018 Archives

Credit card interest payments top $100 billion

Collectively, U.S. consumers, including millions in California, owed $1.03 trillion in revolving debt as of April 2018, and much of that came in the form of credit card balances. There is $687 billion in credit card debt that is held on a monthly basis according to MagnifyMoney. In 2017, Americans paid a total of $104 billion in interest and fees, which was an 11 percent increase from the year before.

Understanding damages available in a stay violation case

According to the bankruptcy code, those in California and throughout the country who are injured by the violation of an automatic stay are entitled to compensation. If the violation is willful in nature, a debtor can receive actual and punitive damages in addition to the cost of attorney fees. However, there is some question as to whether actual damages include those for emotional distress.

If debt is drowning you, rescue is important, not the cause

There are few things in the world that are certain. Death and taxes come to mind as being proverbially the surest things in life. Another thing that might rank on the list is the cost of medical care in the United States. As recently as March of this year, a JAMA study found that consumers in the U.S. spent about twice as much as individuals in other high-income countries.

Has the financial crisis caused you to worry about losing your home?

California has much to offer in the way of amenities to visitors and homeowners alike. Whether you grew up in this state or came to live here from someplace else, you may be one of thousands who enjoys the temperate climate, beautiful scenic views and adventurous activities you can easily access on the West Coast. However, like most other states, the economy here ebbs and flows.