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If you have been struggling with debt, chances are that creditors have come calling in hopes of getting their money back. Of course, laws on both the federal and state level limit what they can do. For example, the federal Fair Debt Collection Practices Act does not...

Many types of debts can be discharged or reduced in bankruptcies. For example, your credit card debts and medical debts can be cleared in many cases.However, as you may be aware, there is little hope that your student loan debts, certain tax debts and other types...

Credit card debt plagues numerous American households. In fact, a report from CNBC shows that the average family in America has over $8,000 worth of credit card debt. For some families, that number can be much higher. It is tough enough to pay off this debt...

Many New York residents fear the thought of bankruptcy. The concern often stems from a belief that they will be unable to gain any credit for 10 years.However, those antiquated thoughts may no longer apply in today’s world of debt and bankruptcy. In fact, the...

Divorce not only takes a toll on your emotions but your finances, too. Those co-signed loans and shared accounts that were once a sign of your romance now cause you immense stress. While you will figure out certain financial problems in your divorce agreement, a lot...

Credit cards are one of the most common causes of debt accumulation in the U.S. Some people overspend while others lose their income, but no matter what events lead to your situation, confronting the problem is the first step to resolving it. Many people think that if...

Filing for bankruptcy is a big financial decision that should be carefully considered. When you have a lot of credit card debt and are in financial turmoil, it can be difficult to sort through all your options and figure out what is best. Bankruptcy is one possible...

If you are like millions of Americans, you probably shell out more money on interest payments each month than you would care to admit. According to Forbes, the average American household currently has more than $15,000 in credit card debt, and citizens are paying...

U.S. credit-card balances are expected to surpass $1 trillion this year. According to an article in the Wall Street Journal, improving economic conditions have contributed to consumers' increased comfort level with credit card balances. Is that such a great idea?...

Are you struggling with credit card debt? You are definitely not alone, according to recent studies. Consumer debt is moving toward its highest point since 2009. Some of our debt problems are corollary to the recent holiday season, of course. Even so, as of the end of...