Blogs

Three days ago, Yahoo News reported on Americans’ love of their plastic. According to the story, the Federal Reserve reported that consumer credit card balances jumped 13% in November of last year.

On Thursday, January 11, 2018, Sam’s Club began abruptly closing many of its stores across the US and the US territories, including Puerto Rico.  In some cases, employees found out their store was closing when they arrived at work, in their work uniform, only to find the doors pad locked and sign stating the store was closing, effective immediately.

One of the most common ways to pay off accumulated medical bills and credit card debt is to take a home equity line of credit, or HELOC, on your home. According to a recent CNBC article by Diana Olick, homeowners are sitting on trillions of dollars in cash.

As we begin 2018, we cannot help but be reminded of some of the 50 retail chains that filed for Chapter 11 bankruptcy in 2017.   The list includes:

Taking control of your finances is extremely liberating.  This is the time of the year when people set financial goals for the year.  Here are some of the more popular financial resolutions and some tips for meeting your goal.

The pressure on the payday loan industry resulting from heightened attention on its predatory lending methods is causing a new metamorphosis in the industry.

Making a decision to seek bankruptcy advice is usually something a person puts a lot of thought (and worry and sleepless nights) into beforehand. Finding reputable and knowledgeable counsel is a must to ensure your bankruptcy is successful.

More than half of Millennials, 57 percent, say they have little to no understanding of how out of pocket health costs such as co-pays, deductibles and co-insurance work, according to a new report from consumer credit firm TransUnion. By contrast, about 40 percent of baby boomers admit to limited knowledge about their benefits.

The last tax reform plan passed about 30 years ago, which is how old many of us millennials are today. Considering tax reform only comes along so seldom, I thought it appropriate to pick up on an article from CNN Money and lay out the provisions from the new tax law that will affect millennials through much of our working lives.

With everything we all must worry about these days, it’s easy to avoid thinking about what is on your credit report. You may even wonder if you need to worry about it even if you aren't in the market to borrow money for a car or a home. The answer is yes, you do. Aside from preventing you from obtaining a loan for a big-ticket item, credit report errors can cost you a job or cause you to pay higher interest rates.