Home Ownership: Determining Your Borrowing Capacity

Home Ownership: Determining Your Borrowing Capacity

By Brian Figeroux, Esq. Embarking on the journey of homeownership is a significant milestone, especially in New York State’s dynamic real estate landscape. Understanding how much you can borrow is a crucial first step in this process. This guide outlines the steps to assess your borrowing capacity and navigate the home-buying process effectively. Step 1: […]

When Should Someone Avoid a Debt Consolidation Loan? Alternatives to Consider

When Should Someone Avoid a Debt Consolidation Loan? Alternatives to Consider

By Brian Figeroux, Esq.  Debt consolidation loans can be a useful financial tool for combining multiple debts into a single, manageable payment. However, they are not always the right solution for everyone. In some cases, taking out a debt consolidation loan can lead to even greater financial difficulties. This article explores when someone should avoid […]

Chapter 7 vs. Chapter 13 Bankruptcy: How Life Circumstances Affect Your Decision

Chapter 7 vs. Chapter 13 Bankruptcy: How Life Circumstances Affect Your Decision

By Brian Figeroux, Esq.  In today’s economic climate, financial instability is a growing concern for many individuals. Rising costs of living, inflation, job loss, and personal hardships such as divorce and broken relationships can lead to overwhelming debt. When financial obligations become unmanageable, bankruptcy may be the best solution for a fresh start. However, choosing […]

7 Mistakes to Avoid When Opening a Credit Card

7 Mistakes to Avoid When Opening a Credit Card

By Chris Tobias | Editorial Credit Dorde Krstic / shutterstock.com  Opening a credit card can be a smart financial move, offering benefits like building your credit score, managing expenses, and providing convenience. However, many individuals make common mistakes that can lead to financial trouble. To ensure you make the most of your credit card experience, […]