The Fair Debt Collection Practices Act requires creditors to adhere to certain guidelines when it comes to collecting consumer debts. Unfortunately, as many New Jersey residents have experienced, not all companies follow these guidelines when dealing with consumers....
Personal Bankruptcy
Increase in consumer spending could lead to more bankruptcy
Not since July 2011 have consumers spent more money on non-revolving debt than they did in February of this year. Even as revolving debt around the country -- including here in New Jersey -- is dropping, the number of loans for items such as automobiles and student...
Filing bankruptcy could save your house and stop harassment
When a New Jersey resident encounters financial difficulties, it can feel overwhelming. Creditors who are calling you constantly, threatening to foreclose on your home and garnish your wages often compound the concern. Fortunately, filing for bankruptcy can provide a...
Recent study’s data shows people fare better after bankruptcy
New Jersey residents have experienced numerous economic setbacks in recent years from which many people are still attempting to recover. Bankruptcy is an effective option that helps families and individuals who are unable to pay their debts. In fact, a recent study...
Divorce and filing bankruptcy in New Jersey
As is the case around the country, up to one-half of the married couples in New Jersey will divorce. Ending a marriage can take a financial toll on both parties even if their financial situation was good prior to the divorce. In some cases, money problems are what...
Stop harassing phone calls from creditors and debt collectors
Any number of reasons can cause a New Jersey resident to get behind on his or her financial obligations. When that happens, debt collection actions begin. Under the Fair Debt Collection Practices Act (FDCPA), it is possible to stop harassing phone calls from creditors...
Divorce and other issues led to David Cassidy’s bankruptcy
Divorce alone can have a devastating effect on anyone's finances -- even those of celebrities. When divorce is coupled with other challenges, filing for bankruptcy may be able to help New Jersey residents get back on their feet financially. For instance, David Cassidy...
Despite low unemployment claims, many still face bankruptcy
Recent reports indicate that the week ending on Jan. 24 saw the fewest unemployment applications since April 2000. However, the data may be skewed by the fact that the Martin Luther King holiday occurred at the beginning of that week. Even though claims dropped to...
It may not be enough to stop harassing phone calls from creditors
Debt collectors will do just about anything to convince consumers to pay a debt -- even if it does not belong to them, but, instead, to a deceased relative. Many New Jersey residents do well just to stop harassing phone calls from creditors, but, now that one company...
Credit card pitfalls could signal the need to file bankruptcy
Every single day, some New Jersey residents looking to buy their first home are turned down by lenders. The reasons for the denials could be a warning sign that they are in -- or headed for -- serious financial trouble. These individuals could be at a tipping point...