It doesn't matter if you're currently facing a large amount of credit card debt or see yourself moving in this direction, it's imperative to understand why this is happening and what you can do to help yourself. Here are some of the most common causes of credit card...
You probably know that when you file Chapter 7 bankruptcy in Louisiana, your credit card debt is wiped out; i.e., discharged. Consequently, you may think that maxing out your credit cards before filing bankruptcy is a good idea. It is not. While it is true that...
For many people all across the country -- may they be old, young, employed, or unemployed -- credit card debt will be the one cost that brings down their financial house. To keep things in order, there are a number of effective steps that you can take to prevent...
It is stressful and emotionally draining to go through a divorce. It is often financially devastating as well, particularly for women. Like many divorced women in Louisiana, you may have been quite comfortable during your marriage only to find yourself in dire...
It seems like every few months this story passes through the headlines, but yet again we are talking about the amount of credit card debt racked up by Americans. The debt continues to grow, and it is reaching levels that are making some experts a little concerned....
One stumbling block that keeps some people from filing for bankruptcy is the belief that it will doom their credit for years. However, it is possible to begin rebuilding your credit promptly, and in just a few months, your credit score may start to rise. In a...
Credit card debt is a scary factor in the lives of many people all across the country. But is it the scariest thing you can think of? According to a new survey done by the website Credible, people aged 18 to 34 who carry credit card debt see their debt as the scariest...
In our last post, we talked about avoiding debt in the first place. This is a means of never having to deal with a bankruptcy filing, which is obviously the preferred way to go through life. However, not every person gets to live that life. Some honest, hard-working...
A lot of the focus of this blog is on bankruptcy, meaning that we are talking about a legal process that already assumes you are buried under a lot of debt. But of course, there is something even better than filing for bankruptcy to clear out your debts, and that is...
The Federal Reserve Bank of New York released new information recently that shows that American households have now surpassed the 2008 level of debt. In that fateful year, households accumulated a peak of roughly $12.68 trillion in debt. Today, that number sits around...