Can Student Loan Debt Affect Our Nation’s Future Economic Growth?

Students across the U.S. have accumulated so much student debt since the 2008 recession that it now poses a threat to our nation’s economic growth. Americans laboring under the assumption that they could pay back their loans after college are now finding that they have to put off important life decisions like getting married, starting [...]

By |2017-12-13T01:42:12+00:00September 9th, 2015|Economy, Managing Your Finances, Student Loans|Comments Off on Can Student Loan Debt Affect Our Nation’s Future Economic Growth?

The Crisis of Texas: An Economic Downturn

With the upcoming election, thousands of voters in Texas have a variety of woes facing them. This infographic will teach you about some of the big issues in Texas and how they could play a part in how voters react in the upcoming election.

By |2017-12-13T00:32:13+00:00September 26th, 2012|Economy|Comments Off on The Crisis of Texas: An Economic Downturn

How The Debt Downgrade Could Impact Your Finances

For debtors filing bankruptcy, the ability to rebuild their credit rating after their bankruptcy discharge is critical to their fresh financial start. But what about the impacts of a sluggish economy and more specifically the impact of America's first ever debt downgrade? How will the S&P debt downgrade impact the personal finances and credit ratings [...]

By |2017-12-13T00:32:23+00:00August 16th, 2011|Economy|Comments Off on How The Debt Downgrade Could Impact Your Finances

More Bankruptcy Filings To Come As Americans Increasingly Rely On Credit Cards

More Americans are relying on credit cards as their wages stagnate or shrink and food/fuel prices continue to rise. After-tax income adjusted for inflation fell 0.1 percent from January through May, according to figures from the Commerce Department. The drop came as Labor Department data showed energy prices rose 8.2 percent and food climbed 2 [...]

By |2017-12-13T00:32:36+00:00July 27th, 2011|Economy|Comments Off on More Bankruptcy Filings To Come As Americans Increasingly Rely On Credit Cards

Bankruptcy Filings Drop, Economy Still Sluggish

The number of Americans filing bankruptcy dropped this year according to a report issued by Epiq Systems which tracks bankruptcy filings. The number of bankruptcy filings in June was 120,623, or an average of 5,483 a day, a drop of 6.2 percent from May, when filings totaled 122,775, or 5,846 a day, according to a [...]

By |2017-12-13T00:32:46+00:00July 12th, 2011|Economy|Comments Off on Bankruptcy Filings Drop, Economy Still Sluggish

Economy Not This Bad Since The Great Depression

It's a bit infuriating when you have a 73-year-old Texas-based furniture chain, Lack's Stores Inc. closing all of its stores and filing bankruptcy while some of our so-called economists have the nerve to claim that the recession is over. In a news release, the 73-year-old company said the action was necessary because lenders are no [...]

By |2017-12-13T00:32:56+00:00November 23rd, 2010|Economy|Comments Off on Economy Not This Bad Since The Great Depression

Debtors Still Owe HOA Fees After Bankruptcy?

Filing bankruptcy while owning a condominium, townhome or single family home that has homeowners association fees attached to it might not completely get rid of the HOA liability.  Below are a few facts you should know about how HOA fees may be handled during bankruptcy. Homeowners' associations have a legal right to place a lien [...]

By |2017-12-13T03:47:01+00:00July 5th, 2010|Bankruptcy, Economy|Comments Off on Debtors Still Owe HOA Fees After Bankruptcy?

Texas Needs Harsher Penalties For Sloppy Bankers

It has become so common that it barely shocks even the most sensitive of us, a homeowner has spent months negotiating and waiting on a home modification only to discover that their home has be sold at foreclosure.  This is the type of disconnect that is impacting thousands of homeowners in Texas and especially in [...]

By |2017-12-13T01:44:12+00:00June 23rd, 2010|Economy, Foreclosures, Loans / Mortgages, Subprime Mortgages|Comments Off on Texas Needs Harsher Penalties For Sloppy Bankers

Bankruptcy And Special Needs Families

More families who have special needs children or other disabled dependents are considering bankruptcy.  Because a disability can become financially draining, causing families to rack up hundreds of thousands of dollars in debt, bankruptcy is often a good choice.  Whether the family member is blind, deaf or has some other physical or cognitive disability, special [...]

By |2017-12-13T03:49:25+00:00June 22nd, 2010|Bankruptcy, Economy, Managing Your Finances|Comments Off on Bankruptcy And Special Needs Families

Tips On Avoiding Subprime Lenders After Bankruptcy

Many debtors are surprised that after their bankruptcy is discharged they find themselves receiving many credit offers.  Credit card companies, car loan lenders and even mortgage finance companies will send post-bankruptcy debtors credit offers hoping to capitalize on their clean financial slate.  But beware; many of these creditors are subprime lenders who prey on people [...]

By |2017-12-13T01:50:44+00:00June 22nd, 2010|After Bankruptcy, Economy, Managing Your Finances, Subprime Mortgages|Comments Off on Tips On Avoiding Subprime Lenders After Bankruptcy