By Esther Claudette Gittens The dream of car ownership often turns into a financial nightmare for many unsuspecting consumers. Across the United States, predatory car dealerships exploit vulnerable buyers by selling overpriced vehicles, commonly referred to as “lemons,” financed through high-interest loans. These practices often lead to financial ruin for consumers, culminating in bad credit […]
By www.311bankruptcy.com The excitement of Black Friday, Small Business Saturday, and Cyber Monday can lead to irresistible shopping sprees. Still, for some, these events can also result in overspending that may spiral into financial distress. If you’ve maxed out your credit cards, racked up significant debt, or find yourself struggling to pay bills after these […]
Navigating financial hardships can be overwhelming, but filing for bankruptcy in New York may provide the fresh start you need. Bankruptcy is a legal process designed to help individuals and businesses eliminate or repay debt under the protection of the federal bankruptcy court. Understanding the types of bankruptcy available and the steps involved is crucial […]
Originally published on 311bankruptcy.com. By Janet Howard Medical debt is a pressing issue affecting millions of Americans. For instance, a recent study found that although over 90% of Americans have some form of health insurance, out-of-network costs, high deductibles, and unexpected bills can lead to medical debt affecting insured and uninsured adults, experts said.. The repercussions of this debt extend […]
Originally published on 311bankruptcy.com. When faced with overwhelming bills due to life events like divorce, illness, or unemployment, bankruptcy can be a beacon of hope, serving as a financial lifeline. By eliminating qualifying debts such as credit card balances, overdue utility bills, and personal loans, bankruptcy offers individuals a fresh start, a chance to rebuild […]
When thinking of filing for bankruptcy, understanding the bankruptcy process and the available options can be challenging. This article provides general information, not legal advice, to simplify things for you. What Is Bankruptcy? “What is bankruptcy?” This is a common question when facing financial challenges. Life happens, and factors such as illness, divorce, foreclosure, or […]
By Tess Wise, The Conversation The people arrested in connection with the Jan. 6 Capitol insurrection had an 18% bankruptcy rate – twice as high as the national average – according to a Washington Post investigation. A quarter of the rioters had been sued by a creditor, and 1 in 5 faced losing their home […]
2020 presidential candidate Joe Biden, speaks during an event on Thursday, November 14 at Los Angeles Trade–Technical College, in Los Angeles, Calif. (Shutterstock) By Zack Friedman, Forbes Joe Biden can impact your student loans in many ways even if he doesn’t cancel student loans. Here’s what you need to know. Student Loans President-elect Joe Biden has called […]
If you are starting to dread checking your email or picking up your mail, it might be that you simply have too much debt. After all, it is easy to overspend, particularly if you have more than one credit card. If you are searching for ways to get rid of your debts sooner rather than […]
By The Economist TO SAY THAT the pandemic has been hard for the American economy would be putting it mildly. The unemployment rate, which stood at just 3.5% in February, is now 7.9%; there are 10.7m fewer jobs today than there were six months ago; a quarter of the workforce is working from home. You […]