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...
Most people in New Jersey have at one time or another heard about the importance of the credit score. At least some of those people are not familiar with how a credit score is derived. It may be unclear how different things such as being a late payer or bankruptcy can...
There is evidence that foreclosures in New Jersey are beginning to drop. Of course, some of that drop may be due to lenders halting foreclosures after Hurricane Sandy. However, there are still many homeowners that are still struggling with delinquent mortgage debt and...
Most people in New Jersey have been affected in some way by the recession. Doctors are no exception. With fewer people going to the doctor in order to save money, there are several doctors whose practices are in jeopardy. This has caused many doctors to file for...
Anyone in New Jersey that has ever been unable to pay a bill has most likely been subjected to numerous phone calls from debt collectors. It may be possible to understand their persistence, but just how much of their rudeness, threats and contact with family or...
Music fans in New Jersey may not know that singer Dionne Warwick has been battling with the Internal Revenue Service over her taxes for about 15 years now. The on again and off again battle began in the 1990s. Now, she has come to a point where filing for bankruptcy...
Many young people in New Jersey are choosing not to apply for credit cards these days. This may turn out to be one of the unintended effects of the recession. After watching many people struggle with their debt and file for bankruptcy, there is a whole generation of...
Singer R. Kelly has now joined a host of celebrities who have not been able to escape the impact of the recession. Like many homeowners here in New Jersey, he was unable to stop foreclosure of his reportedly $5 million home in the windy city. His lender, J.P. Morgan...
There are likely many people in New Jersey that have taken out a payday loan at some point in their adult life. These "short term" loans can end up costing consumers for weeks or even months. For some consumers, their need for payday loans may even be a precursor or a...
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...
