Many Americans are not saving enough money for retirement, or even enough to have a cushion if they face an emergency or incur unforeseen expenses.According to a recently-published study by Schwab Retirement Plan Services, only half of those surveyed said they were...
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Executives of bankrupt New Jersey company facing fraud charges
Three former executives at a New Jersey-based company that is now in bankruptcy are facing charges related to illegally obtaining a credit line for $400 million. The men worked for Transmar Commodity Group Ltd., which was a cocoa trading company headquartered in...
Credit card debt soars to a new high
Credit cards are more common than ever. People use them for everything from online purchases to buying gas at the pump.It may come as no surprise, then, to learn that credit card debt just hit $1.027 trillion, according to the Federal Reserve. That's the highest it's...
3 ways to prevent foreclosure
If you are missing mortgage payments, you might be dreading the thought of foreclosure. With your finances in shambles, the fear of losing your home likely keeps you up at night. While you might feel hopeless, you still have ways to get out from under this. Believe it...
The disadvantages of consolidating student loans with other debt
We've all received those mailings inviting us to consolidate all of our credit card debt into one low-interest credit card or to get a home equity or other loan to consolidate our debts. The temptation to consolidate debts so that you don't have to worry about making...
4 tips for avoiding credit card debt
Credit card debt is a serious problem for many American households. In fact, Bloomberg reported that the end of 2016, Americans held more than $740 billion worth of credit card debt. Credit cards can be extremely useful, but they can also be dangerous...
Take control of overwhelming credit card debt
Credit cards are an important part of how many people make ends meet from one paycheck to another. These credit accounts aren't a huge deal unless the balances get out of control. This is something that can be devastating to your finances.We understand that things...
How do people end up with overwhelming credit card debt?
We live in a world where we can swipe our credit card virtually everywhere while barely a thought to the ever-increasing balance on our card. Therefore, it's not surprising that many people rack up thousands of dollars in credit card debt that they can't pay. However,...
Some options for handling overwhelming student loan debt
Americans' federal student loan debt is now at a whopping $1.4 trillion dollars. That debt is owed by about 44 million borrowers. There's no telling yet how borrowers will be impacted by the changes the Trump administration is considering to the federal student loan...
Should small business owners file for Chapter 7 or Chapter 13?
Small business owners face an uphill battle in the marketplace. It becomes even more precarious when there are unkind financial events. For instance, according to federal data, during the Great Recession between 2008 and 2010, the United States lost more...
