Perhaps you've been struggling for quite some time now to restore financial stability after things got a bit off track. Maybe you had some unexpected medical bills, lost a job or encountered any number of challenges that cause many California residents to experience...
Month: October 2018
Credit card marketing and payday loans contribute to runaway debt
Many consumers in California recognize that a crisis like a job loss or medical emergency can force someone to borrow money. Credit card marketing and the temptation of payday loans represent two more forces that can push people into taking on debts that they cannot...
Bankruptcy may soon include the option to discharge student debt
Bankruptcy doesn't always exclude student loan debt, but under certain conditions, it may be available as dischargeable to Chapter 13 filers in California and elsewhere. There seems to be an increased sentiment among many in the judiciary to make relief from often...
Why individuals should reexamine their credit card use
California residents may choose to get rid of their credit cards after paying down an existing debt balance. However, that may not be a wise choice. By getting rid of a credit card, holders may harm their credit score. This is because they will now have less credit to...
Does bankruptcy always ruin a credit score?
When it comes to financial topics, there is one that tends to be a bit controversial, meaning it has a negative stigma attached and therefore leads people to think it is a bad thing. That topic is bankruptcy. The truth of the matter is that there are several types of...
More Americans carrying credit card balances
Credit card debt nationwide is on the rise overall, but the average debt is declining. More people in California and across the U.S. are carrying credit card balances. According to data gathered by the Federal Reserve, 38.1 percent of Americans had balances on their...
