The April 15 tax deadline for 2018 has now passed. As many went through their pay stubs, credit card bills and other financial information, the common refrain was disbelief at how much was spent and how little was saved. There are a variety of reasons why we lose...
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Bankruptcy
What to do when debt collectors call
Many talk about how well the economy is doing and the historic lows involving unemployment numbers, but the number of people in debt continues to climb. According to Lending Tree, there is an estimated $4 trillion in outstanding consumer debt at the end of 2018 and a...
Understanding a credit score
Those who are contemplating filing bankruptcy or have already done so are likely very concerned about their credit score. There may also be talk of it when addressing certain financial issues or trying to sign up for a new credit card. It is first important to...
New poll finds that most Americans carry debt
Anyone with a credit card knows how easy it is to just charge it and carry balance on the card. Most of us need only look at our January credit card bill to see the damage done while shopping for holiday gifts. Unfortunately, that generosity or obligation can be a...
Many parents still paying off presents from last year
Everyone likes to be generous during the holidays. Whether it is buying big-ticket items that the kids cannot live without, flying home to see grandparents, or perhaps even giving to the local homeless shelter, spending makes us feel better. Some will even use it as a...
More elderly filing for bankruptcy
Many dream of the golden years when they can retire and perhaps spend time with the grandchildren or travel. Now data from a wide range of sources shows that the elderly are filing bankruptcy at five times the rate they did as recently as 1991. According to a recent...
Gibson Guitars is back from bankruptcy
People and businesses who file for bankruptcy go through some of the most difficult times in their lives. We work with them so that they can see that there is a light at the end of tunnel. With this in mind, nearly all of us here in the “Live Music Capitol of...
Buying a car? Do not let the dealer scam you.
Buying a car is likely to be one of your biggest loans, perhaps second in size to a mortgage. Those who are financially savvy will often come into a dealership with cash or a prearranged loan. While they are in business to sell cars, financial experts say that...
Bankruptcy filer fights back against student loans
The Federal Reserve estimates that Americans owe $1.5 trillion in student loans. This crippling debt is forcing many working folks to file bankruptcy. One reason may be because those with federal loans (such as those through Sally Mae) get offers for additional loans...
Your personal debt can pass to spouse when you die
The loss of a spouse often leads to a time of great difficulty. This challenge is greatly increased if your spouse had an accrued a large amount of debt. In community property states like Texas, this means there is a distinct possibility that you will assume that...