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May 2014 Archives

Stop harassing phone calls from creditors before they start

Financial advisers often recommend that college students here in New Jersey and around the country begin building their credit history by obtaining and using a credit card. Building a credit history may be important, but that goal could easily be sabotaged by misusing credit. It is possible, however, to stop harassing phone calls from creditors before they start.

Anyone can end up in financial trouble and filing for bankruptcy

Financial troubles do not discriminate based on an individual's income level. Anyone from the average New Jersey resident to famous actors such as Mekhi Phifer can end up filing for bankruptcy. Granted, the average American will most likely not have $1.2 million in debt, but the burden created by any amount of debt can often feel as though it is insurmountable.

Credit card bankruptcy is not always from bad financial choices

Thousands of New Jersey consumers find themselves in precarious financial situations through no fault of their own. Many people file bankruptcy due to a high amount of credit card debt that was incurred paying household bills. No matter what the cause, the family got into debt and needs help to get back on track.

Stop harassing phone calls from creditors regarding medical debt

Numerous New Jersey residents have a significant amount of medical bills that they are unable to pay. One source suggests that one out of every three people in the United States has trouble paying medical debt. Many of these patients are looking for ways to stop harassing phone calls from creditors regarding medical bills.

Bankruptcy and credit card interest rates

Two main factors push the interest rates on credit cards up. The first is the fact that no asset secures the debt, and the second is the 2009 law limiting the amount of penalties companies can collect on delinquent balances. With interest rates soaring into the 21 percent range for those with less than stellar credit, the monthly payments have become unmanageable for some New Jersey residents. When the credit card debt a person owes reaches this point, filing for bankruptcy could be the answer.

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At the law offices of Minion & Sherman, our New Jersey bankruptcy attorneys have been providing families with real solutions for more than 20 years.

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