Debt-relief tips centrally include this: Find a good lawyer
Virtually every consumer who has passed the time while waiting in the grocery line by scanning media headlines off the magazine rack that precedes the cash register knows that the media loves lists. Five ways to dress for success. Ten insider recommendations for scoring cheap home improvements. Fifty ways to leave your lover. And serious […]
Overwhelming credit card debt may lead to penalty interest rates
When Texas consumers use their credit cards in a responsible manner, there may be several advantages. However, there could be many disadvantages if they are used without planning ahead for how to manage them. One late credit card payment can trigger a host of penalties, including late fees, higher interest rates and lower credit scores. […]
Military members can fight back against harassing debt collectors
According to the national news source Governing magazine, Texas is home to nearly 125,000 active-duty military personnel. That large number of men and women who reside in the state while serving their country likely comes as no surprise to most Texans, given the many — and often major — military installations that are interspersed throughout […]
Head-scratching reality: positive-equity foreclsoures
Here’s a misnomer and term that will undoubtedly give more than a few of our readers in Texas and elsewhere pause: positive-equity foreclosure. The home foreclosure process has always been centrally associated with negative equity, that is, properties in which homeowners’ outstanding mortgages exceed the estimated market value of their homes. A phrase commonly used […]
Credit card debt can be useful, if managed properly
The majority of Texas families depend upon credit on a daily basis. Credit is often required to purchase a house and even buy a car. Many lenders want to see a credit history prior to making a lending decision. Individuals will often turn to credit card debt as a way to build a credit history. […]
Debt relief doesn’t always come easily for Texas consumers
Going into debt can be fairly easy. Shop some, travel some and eat out some. The ensuing debt can accumulate rapidly. Debt relief, however, does not always come as easily, for consumers in Texas or anywhere else. For some people, buckling down and living frugally is the first step to financial freedom. They then take […]
Debt and lack of savings pushes retirement age up for many
If you are a San Antonio resident who is putting off retirement – perhaps, indefinitely – you are not alone. The average age at which Americans retire is continuing to rise, and it has been reported that many Baby Boomers will wait until at least the age of 66 to leave the workforce. And, as […]
Bank seeks foreclosure on Texas property belonging to heirs
For residents of Texas who have been negatively impacted by the economy, home foreclosure is an all-too-real consideration. When faced with financial duress, it’s important for homeowners to understand their rights and options. Not every case must end in foreclosure. There are legal avenues, such as certain forms of bankruptcy and debt relief, that can […]
Texas residents, be wary of loan modification scams
Many Texas homeowners who are struggling to make their mortgage payments month after month may consider working with their lenders in order to obtain loan modifications. While this can be helpful in some cases, homeowners need to ensure that the terms really protect their interests. And, borrowers also need to make sure that the modification […]
Do you have more debt than savings?
If you are a San Antonio resident who has more credit card debt than savings, you are not the only one. According to a recent survey, about 30 percent of Americans currently carry more credit card debt around than what they have stashed away for a rainy day. The survey has been performed by Bankrate.com […]