Many New Jersey homeowners have felt the pinch of the weak economy over the past decade. At times, they may have felt it was a one-step-forward-two-steps-back exercise in frustration.
All too often, mortgage loan work-outs do not work out as planned, and a homeowner makes the tough decision to leave the home. Frequently, this is because the mortgage payments are not affordable and the owner has been unable to sell the home at a price that would pay off the mortgage balance.
Credit card debt typically has an association with individual people. However, it can also impact businesses that rely on credit cards to keep operations going smoothly. In 2015, there were nearly 14 million credit card accounts for small businesses in the United States.