According to a report from Clever Real Estate, Americans have twice as much credit card debt as they did in 2000. Households in New Jersey and throughout America have an average of $31,420 worth of debt, which is more than the average American salary in 1950. In that...
Month: November 2019
How to enjoy the holidays without going broke
Traditionally, retailers in New Jersey and throughout the country offer deep discounts and other deals to shoppers in the days after the Thanksgiving holiday. While shoppers may enjoy hunting for deals, it is important that they create a plan prior to making any...
More older Americans going to bankruptcy court over medical bills
Bankruptcy was once rare among older adults, but now people 65 and older account for 12% of personal bankruptcies compared to just 2% in 1991. Medical debts produce much of the financial hardship among older people in New Jersey as they grapple with dwindling incomes...
Understanding how extended bouts with debt could affect your life
It may come as no surprise that dealing with the trials of financial strain can be a stressful and intimidating experience. Unfortunately, debt can come in various forms and fashions, each of which could have a lingering impact on your life and leave you in search of...
Homeowners look to bankruptcy for escape from debt
New Jersey homeowners facing financial difficulties could find themselves suffering even greater losses as a result of a tax break that expired. Since 2008, people who had their mortgage debt forgiven through a foreclosure or short sale could claim an exemption from...