It has been said that the number of foreclosures has gone down across the country. Unfortunately, that doesn't seem to be the case here in New Jersey. Many homeowners are still struggling to stop foreclosure of their homes.
It seems as though more people than ever are taking on student loan debt. When it comes time to repay those loans, many people aren't being offered programs that could make it easier for them to make payments. Many people may have ended up having to file bankruptcy needlessly because they didn't realize they had alternatives.
Most everyone in New Jersey would love to be debt free. In the search to pay off debts, some people may end up in worse financial shape than they were before and may end up filing for bankruptcy protection by not doing their research. Reading the fine print could save many consumers from falling into a common debt trap.
Many people in New Jersey forget the impact that certain actions regarding credit cards can have on their credit and their wallets. But worse than that, there are certain action regarding credit cards that can be warning signs that a consumer is in trouble financially and possibly close to bankruptcy. Two of those warning signs are spending up to a card's credit limit and taking out cash advances.