Whether you are struggling to pay your monthly bills or simply want to better manage your debt, you should know your debt-to-income ratio. Not only does this percentage tell you how much debt you have relative to your income, but it plays an oversized role in your...
Debt Management
Determining whether to file Chapter 7 or Chapter 13 bankruptcy
Overwhelming debt can either sneak up on a person or hit them like a ton of bricks, depending on the circumstances. Either way, the results are the same -- people are unable to pay their bills and creditors are harassing them. In order to obtain a financial fresh...
How to complete credit counseling after bankruptcy
Now that you have decided to file for bankruptcy in New Jersey, there are certain requirements that must be met before you can receive a discharge. One of these requirements is credit counseling. This may sound complicated, but, fortunately, the procss can be made...
Planning for retirement after a bankruptcy late in life
The financial ramifications of the recent recession could be felt for years by many New Jersey residents that are either approaching or over the age of 50. Many people lost their savings and retirement accounts, lost their homes and/or incurred a great deal of debt in...
New Jersey bankruptcy: Credit card debt has dropped nationwide
It may be no surprise to anyone in New Jersey that prior to the recession, Americans were addicted to credit. Credit card debt was out of control for many people, which is, at least in part, illustrated by the dramatic jump in the amount of people filing for...
New Jersey bankruptcy: Debt relief traps consumers fall into
Consumers around the country and in New Jersey are often working to pay off their debt. Many people, however, fall into financial management traps that can actually sabotage their efforts. There are certain debt relief strategies that come just short of bankruptcy...
New Jersey bankruptcy: The freedom of living without credit cards
Many people in New Jersey may be wishing at this moment that they didn't have credit card debt and could live without credit cards. There are those who believe that our society has been led to believe that we can't live without credit cards and some people are...
New Jersey bankruptcy: Should you close credit card accounts?
Since the beginning of the recession, there seems to have been an ever increasing amount of people who aren't just using their credit cards for luxury purposes. Instead, many New Jersey families have found themselves living off of their credit cards when times were...
New Jersey bankruptcy: Pay credit card debt before saving
When people give financial advice, they invariably talk about how important a savings account can be to any financial plan. The problem is that when a consumer is struggling just to pay the bills, is living off of credit cards and contemplating filing bankruptcy, it...
New Jersey bankruptcy: Debt collector investigated re harassment
Anyone in New Jersey that has had a debt sent to collections knows how it feels to be harassed by debt collectors. It's stressful enough to be subjected to some debt collectors' tactics while contemplating bankruptcy; but when the debt doesn't even belong to the party...
