Americans often rely on using credit to make both necessary and luxury purchases. Unfortunately, this consumer culture has led to a great deal of credit card debt in the country. The inability to pay bills on time, and making only minimum payments, could result in...
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Clothing retailer files Chapter 11 bankruptcy
The effects of low consumer spending have hit several retail businesses hard. People are seemingly visiting malls less, as hard economic times lead to more cautious spending. In this type of climate, consumers and businesses are all dealing with financial strain, and...
Old student loans pose financial challenges for older Americans
Earlier this month we wrote a blog post regarding a student loan debt relief program that might enable some loan holders to effectively restructure their payments. That particular relief idea is generally aimed at recent college graduates who have not yet had the...
New Jersey has third highest number of “zombie foreclosures”
Times have been tough across New Jersey and across the nation in the past couple of years. Whether it is a sagging economy, not enough jobs, or not enough good paying jobs, it seems that it has been difficult for many people to find their way since the so-called...
Student loan debt relief plan may help some college graduates
According to information provided by the National Center for Education Statistics website, during the decades 2001–02 and 2011–12, the cost of attending public institutions, including undergraduate tuition, and room and board, rose 40 percent. Prices at...
