Desperate homeowners seeking to retain their homes are a common target for scam artists looking to take advantage of a difficult situation. While there are legitimate programs out there, they are few and far between.
Facing debt is a common difficulty that most people deal with at some point in their lives, but some individuals get overwhelmed and feel it is too much to overcome. In many cases, the pressures of financial difficulties are so hard to bear that people may think that they have many fewer options than they truly have, or that their situation cannot improve, no matter what they do.
In these uncertain financial times, many New Jersey residents may find themselves encumbered by second mortgages that leave them heavily in debt with home values that are upside down. That can be very discouraging and cause debtors to lose hope that they will ever get out from under the yoke of debt.
A short sale is something that could help you sell your home and get out of debt. It could help you erase debt beyond what you can sell your home for and give you an opportunity to start over. However, there are some negatives that you need to consider.
When students elect to continue their post-secondary educational journeys, in order to be able to afford tuition, books, housing and other school-related expenses, many apply for student loans.
Between a monthly car payment, utility bills, a home mortgage and a job that never seems to pay quite enough, it is easy to fall into a never-ending cycle of debt. As a Monmouth County resident, you probably have friends and neighbors in the same situation. If you are having trouble making ends meet, it may not be long before you start receiving late payment notices.
There are many myths and lots of misinformation floating around about bankruptcy, especially Chapter 7 bankruptcy. People with significant credit card debt, medical debt or collection activity could benefit from bankruptcy relief and protections. However, believing inaccurate information about the process and its protections could be holding some people back.
Credit card debt is a serious problem for many American households. In fact, Bloomberg reported that the end of 2016, Americans held more than $740 billion worth of credit card debt.
Small business owners face an uphill battle in the marketplace. It becomes even more precarious when there are unkind financial events. For instance, according to federal data, during the Great Recession between 2008 and 2010, the United States lost more than 170,000 small businesses.
Many people in New Jersey and throughout the United States are affected by student loan debt. In fact, Forbes reported that as of 2017, over $1.3 trillion of debt was held by 44 million borrowers in the country.