While national figures on foreclosure showed a 26 percent decline in 2013, the number of foreclosure filings in New Jersey soared by 44 percent. By the end of the year, 1.1 percent of homes in the state were in foreclosure.Pennsylvania saw foreclosure filings...
Blog
Month: January 2014
Many New Jersey residents need relief from medical debt
Medical expenses are still the number one reason many households in New Jersey are forced into overwhelming debt. The hope of some that the Affordable Care Act would curb the rise of the cost of healthcare has been discouraged by glitches on the health care exchange...
Even with FDCPA, debt collection practices aren’t always ethical
The Fair Debt Collection Practices Act (FDCPA) is a very important law pertaining to bankruptcy and debt. Without the law, debt collectors could employ a number of very dirty and malicious tactics to force in-debt parties to pay. They could act as cops or lawyers on...
Bankruptcy filings expected to soar as economy improves
Bankruptcy filings have been on the decline for the past few years, but financial experts say that the pattern could reverse this year as the economy continues making slow improvements. Yes, you read that right: An improved economy can actually result in more people...
Are you in over your head with credit card debt?
Being in over your head with credit card debt can feel embarrassing and overwhelming, which is why many people stay in a state of denial. They may push financial worries out of their minds while continuing to spend money they don't have. These individuals may even...
New bankruptcy numbers show big decline in 2013 filings
A couple of months ago, we wrote about the decreasing number of bankruptcy filings in the U.S. On the surface, it sounds like a great development. However tempting it is to jump to this conclusion though, it may not be the case. For example, just because fewer people...
