Stats show around 45 million Americans have student loan debt and 11.1% are in default by 90 days or more. If you have outstanding student loan debt in East Orange, New Jersey, you may get calls from collectors. However, you have rights under the law and options for...
Economic dips and changes impact many areas of consumer finance. While home mortgage rates may drop, credit card interest rates could still be on the rise. Studies show that the average consumer has between five and nine open lines of credit, including revolving lines...
Many New Jersey consumers who are overwhelmed by their financial obligations file for bankruptcy to obtain some debt relief. After discharge, many of them have the goal of rebuilding their credit. While it's possible to do so, getting credit cards can get tricky after...
When New Jersey consumers fall behind on credit card bills, they may get calls from the issuer. The Fair Debt Collection Act prohibits them from abusing the system, but not collecting the debt. There are some laws in place that protect consumers from getting sued by...
One key factor that researchers tend to use when assessing credit card debt is the age of the debt holder. By understanding which age groups possess the most amount of credit card debt, credit counseling professionals in New Jersey can better assist individuals in...
Many people in New Jersey struggle to cover their credit card payments. When times get tough financially, it can be difficult to continue making payments on time or even at all. If you feel that you might not be able to pay everything off, there may be another way you...
Paying down credit card debt can be challenging, it takes discipline and diligence. However, for divorcing couples things get more complicated if that credit debt was accumulated during marriage After years of joint credit cards, authorized users, spending limits and...
Whether you are facing the prospect of bankruptcy or you have recently filed, it is likely that credit card debt plays a large part in your financial future. For many, credit cards represent a safety blanket: a money reserve to be used for emergencies. Unfortunately,...
People are struggling now more than ever to make ends meet. As your credit card debt increases and creditors start calling, you may wonder what your options are. It turns out that both Chapter 7 and Chapter 13 bankruptcy are legitimate possibilities. Both forms of...
Bankruptcy offers many ways in which a financially strapped family in New Jersey can defend itself from the efforts by creditors to collect on delinquent accounts. One of the most powerful protections is offered by the simple act of filing the petition. Under the...
