The coronavirus has caused the finances of millions to take a hit. Over the past few months, as people have been laid off or furloughed, they have been turning more and more to their credit cards. Today, 47 percent of Americans carry credit card debt, ...
Learning that a lender wants to foreclose on your commercial property is very scary. If the lender is successful in foreclosing on the property, it will not only greatly impact your business, but your family, too. Fortunately, there are many valid defe...
Struggling with debt is extremely difficult and when you feel that you are in too deep and that you cannot pay it off, you may consider filing for bankruptcy. Although it is a last resort, bankruptcy can bring relief from the financial pressure you are...
Florida is a judicial foreclosure state, meaning that if a lender wants to foreclose on a property, they must file a lawsuit and secure a judgment from the court. This holds true for commercial properties as well. All foreclosures have certain potentia...
Wage garnishment occurs when a collection company or creditor starts legal action to take some of your wages, money held in your bank account, or other assets you own. When creditors are successful with their case, they will contact your employer and a...
We often talk on this blog about the dangers of credit cards, and the lawsuits that overzealous debt collectors file to recover the debt when borrowers get in over their head. However, credit cards are not the evil things they sometimes seem, and in fa...
Foreclosure, unfortunately, brings many consequences and the fact that it causes your credit score to take a big hit is one of them. A foreclosure can cause your credit score to drop by as many as 200 points, and it can take years before you rebuild yo...
We often talk on this blog about the dangers of credit cards, and the lawsuits that overzealous debt collectors file to recover the debt when borrowers get in over their head. However, credit cards are not the evil things they sometimes seem, and in fa...
Foreclosure, unfortunately, brings many consequences and the fact that it causes your credit score to take a big hit is one of them. A foreclosure can cause your credit score to drop by as many as 200 points, and it can take years before you rebuild yo...
Coronavirus and COVID-19 have become household terms and many people talk about this virus several times a day. Another term people are talking a lot about today is forbearance. It is an unfortunate fact that COVID-19 has caused many people to lose the...
