Credit card debt is a rough topic for a lot of Americans. It's easy to get into -- especially if you hit a difficult financial patch and find yourself relying on credit cards for basic necessities.The average American family owes around $16,000 in credit debt -- which...
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There are options to foreclosure
If you're unable to afford your mortgage payments on your home and considering foreclosure, you should know that there are other options that may be viable and preferable.Let's look at a few of those. Deed in lieu of foreclosureWith this option, the borrower and...
Student loan debt hardship for senior citizens
Student loan debt is far from trivial when it comes to affecting the current and future financial wherewithal of New Jersey residents. While many people think of young college students and new graduates as being subject to the plague of school debt, this is far from a...
Can credit card debt affect your chances of finding love?
It makes sense that many people would think twice before marrying someone with significant credit card debt. After all, this is the person you'll be intertwining finances with for potentially the rest of your life. How responsible that person is with money as well as...
Carefully planned POAs have advantages
Assigning power of attorney to a trusted loved one is serious business. It is one that older New Jersey residents feel the need to do on a regular basis, and often for very good reason. Without a POA or other suitable instrument, if a person becomes disabled, his or...
Reasons to not increase credit card limit
Most people are ecstatic when they receive a credit card for the first time. However, this momentous occasion has its downfalls, as evidenced by the fact the average American household has around $16,000 in credit card debt. When most people take out a credit card for...
Should you get a personal loan rather than use your credit card?
Many people are used to placing large or unexpected expenses on their credit card. Of course, if you can't repay the entire balance when the next card payment is due, you could end up having to pay a significant amount of interest.If you're not able to repay the...
Is medical debt sending you to the poorhouse?
It's tough dealing with chronic illnesses requiring frequent emergency room visits and/or prolonged hospital stays. But it's even tougher when the hospital and the debt collection agency it employs use heavy-handed tactics to shake sick patients down for money while...
Credit card debt can easily become unmanageable
Many people pull out a credit card to pay for purchases without really thinking about the consequences that can come from that decision. It is possible to use credit responsibly, but it is also possible that something will happen that means you suddenly find yourself...
3 common reasons for foreclosures in New Jersey
Foreclosure is one of the worst nightmares a homeowner can face. You have worked hard to establish yourself financially and invest in a home you can call your own. When plans change and you find yourself unable to pay your mortgage, it can be devastating. You are far...
