Assigning power of attorney to a trusted loved one is serious business. It is one that older New Jersey residents feel the need to do on a regular basis, and often for very good reason.
Most people are ecstatic when they receive a credit card for the first time. However, this momentous occasion has its downfalls, as evidenced by the fact the average American household has around $16,000 in credit card debt.
There are several avenues available in New Jersey to help those struggling with debt find a light at the end of the tunnel. Debt consolidation is one such avenue that can work for some people. However, it may not be the right thing for all, particularly if the debt is not low. This method can also take several years to fulfill, if successful.
Foreclosure is one of the worst nightmares a homeowner can face. You have worked hard to establish yourself financially and invest in a home you can call your own. When plans change and you find yourself unable to pay your mortgage, it can be devastating. You are far from alone, though, and there is a range of different circumstances that can lead to foreclosure.
Should bankruptcy be a last resort, after all other forms of debt relief has been tried?