A study released recently by the investment bank Charles Schwab suggests that many young people in Texas and around the country get into problems with debt even before they are old enough to legally purchase alcohol. The researchers also found that many millennials...
A long-term study conducted by the Consumer Bankruptcy Project found that the bankruptcy rate among seniors has nearly tripled since 1991. In addition to shrinking incomes, many older adults are also struggling with rising health care costs. This is a growing problem...
When someone decides to file for bankruptcy, it is natural to wonder if the proceeds of a retirement account such as an IRA would be vulnerable to creditors. Another concern is whether IRA proceeds would be safe if the beneficiary files for bankruptcy. Safe harbor for...
In October 2009, the unemployment rate throughout the country was 10 percent. Roughly 10 percent of credit card accounts went into bad status. Between 2008 and 2013, Texans and other Americans had begun to make paying down debt a priority as a result of the recession....
Texas residents who are struggling to pay off debt are advised to create a repayment plan as soon as possible. They are also advised to overcome the urge to go deeper into debt on meals or other items that may provide temporary satisfaction. Part of a debt repayment...
Some Texas consumers may be paying a significant amount of money in credit card fees and interest. The personal finance website MagnifyMoney looked at data provided by the Federal Deposit Insurance Corporation and found that Americans had paid over $104 billion in...
Debtors in Texas who have filed for bankruptcy may have legal recourse if their creditors continue to pursue collections. Bankruptcy filers are given an automatic stay, during which creditors are prohibited from contacting the debtors to collect on the debts. The type...
Texas residents who are contemplating bankruptcy are often concerned about obtaining future credit. This is a valid concern, especially in the area of automobile loans since transportation is often necessary to retain employment. Though a bankruptcy is a blemish on a...
Countless Americans are overwhelmed by debt and seeking ways to lessen the burden it imposes on their lives. When debt goes to a collections agency, it is not uncommon for creditors to persistently harass debtors to the point of intimidation. Whether you have maxed...
The average Texas resident has a credit score of 656, which is considered fair but not good, and has $6,902 in revolving debt according to figures from Experian. The consumer credit reporting agency's annual State of Credit report reveals a growing North-South divide....