Those who need help getting their finances in order could do so by filing for bankruptcy. In most cases, a debtor in Texas or any other state will file for either Chapter 7 or Chapter 13 bankruptcy. Chapter 7 bankruptcy is for those who have unsecured debts and make...
While some Texas millennials might be burdened by student loans, far more are likely to carry credit card debt. According to a report from CompareCards.com, only 37% of millennials around the country said they had student loan debt compared to 67% who had credit card...
Personal beliefs often motivate people in Texas to avoid bankruptcy even if the struggle to pay debts becomes overwhelming. However, bankruptcy can be a positive decision that gives applicants a second chance. The process could include financial counseling that helps...
Individuals who are struggling to pay their bills may decide to file for protection from creditors. Those who want to keep their Texas home or other property will want to file for Chapter 13 bankruptcy. In a Chapter 13 case, debtors make payments to creditors over a...
People in Texas may have options for defending themselves when sued by debt collectors. If a debtor takes no action to respond to a lawsuit, a judge will side with the plaintiff, who is the debt collector. The resulting judgment could give the collector the right to...
If you are like many of your friends and relatives in the Houston area, you work hard every day to support yourself and your family. Unfortunately, though, with rising housing and other costs, making ends meet can be difficult. If you have a credit card, you may rely...
Many people in Texas have around three or four credit cards. A study by The Ascent found that, on average, millennials have three credit cards while baby boomers and Gen Xers have four. In all age groups, 1 in 10 people said they had six or more credit cards. There...
Young adults in Texas and elsewhere in the United States are increasingly burdened by student loan debt, which is at an all-time high according to a leading consumer credit reporting agency. But millennials are also struggling with other types of debt, including...
People in Texas who are struggling with credit card debt might want to consider a personal loan to pay it off. It is not always necessary to have excellent credit to get a personal loan that has better repayment terms than the credit card. Another option is a balance...
While many young people in Texas and across the country used to be known for avoiding debt, a growing number of younger Americans are facing difficulties repaying their credit card bills. According to a report by the New York Federal Reserve, overdue payments are...