An increasing number of people in Houston and across the country are finding it difficult to pay the bills for their store-branded credit cards. Delinquencies of 60 days or greater on the payments for these bills have gone up to 4.65 percent as of May 2018, an...
Month: May 2018
The consequences of filing for bankruptcy
Debtors in Texas and throughout the nation could use bankruptcy as a way to obtain financial relief. However, it should generally be used as a final option when there are no other ways to repay balances owed to creditors. It is important to note that bankruptcy does...
Filing a Chapter 7 bankruptcy in Texas
Texas residents who wish to escape overwhelming debt may be unfamiliar with the differences between a Chapter 7 and a Chapter 13 bankruptcy. Those who file Chapter 13 bankruptcies make payments for three or five years to pay down all or part of their debts, but...
If foreclosure looms, do not fall for help from scammers
Your home really is your castle, your pride and joy, but you have missed some payments, and the lender is threatening to foreclose. You are very concerned and vulnerable to scammers who claim they can help you keep your home or sell it quickly, but always for a...
Utilization, revolving credit and credit card debt
According to an infographic from Supermoney that draws on a report from the credit agency Experian, the average credit card debt of people in Texas falls somewhere in the middle of the national average. People in Iowa carry the lowest balances with an average of...
3 approaches to eliminating credit card debt
Unemployment, medical emergencies or unexpected vehicle repairs can send people in Texas reaching for their credit cards. Although numerous reasons can cause someone to fall into debt, the balances need to be paid at some point. Debtors have several approaches to...