People in California naturally think about their health when confronted with a cancer diagnosis, but a medical crisis could also trigger financial problems. Ongoing medical bills sometimes coupled with an inability to work could quickly deplete a person's resources. A...
Month: August 2018
Young people struggling with credit card and student loan debt
According to a survey by Charles Schwab, members of Generation Z in California and elsewhere around the country owe lenders an average of $4,343. That amount increases to $11,663 for those who are between the ages of 21 and 25. In addition to being in debt, roughly...
Older Americans filing for bankruptcy at higher rates
A study from the Consumer Bankruptcy Project has found that California residents and other Americans who are 65 and older filed for bankruptcy at a higher rate in 2016 compared to 1991. The rate was more than 200 percent higher for people between the ages of 65 and 74...
Common financial mistakes and possible solutions
Even if you're someone who loves all things financial and have always kept careful track of your own spending habits, have organized, updated financial records and simply love to create budgets and put them into action, the cost of living in various California regions...
Key mistakes to avoid when in debt
Some California residents who are in debt make mistakes that cause their financial situations to go from bad to worse. For instance, an individual may spend money on food or other nonessential items to forget about their plight. However, it is important that an...
Securing business financing after a bankruptcy
Some Californians who own businesses might worry that their prior bankruptcy cases may keep them from being able to get approved for business loans. While it might be more difficult to qualify after bankruptcy, it is possible for business owners to find loans that...
