Consumer Debt Grows Along With Income Inequality
Studies have shown that people spend much more when paying with credit rather than cash. And as time goes on, there is a cumulative effect to this. The balance starts to grow, and suddenly someone may be facing credit card harassment from bill collectors. For many people, however, living off of credit doesn’t necessarily mean […]
Personal Bankruptcy and Credit Card Debt
One thing that is never certain is the economy. In the last few years, the economy has gone through some major changes that have made life extremely difficult for some people. The stock market has been going up and down quickly and many people have been losing a lot of money, and the job market […]
New Rules on Discharge of Credit Card Debt in Bankruptcy Court
The economy is in a spot that it has not been in for a long time. The stock market is going crazy and the housing market is not much better. Many people have recently found themselves upside down on their homes. This combined with the fact that many people are out of work means that […]