Ohio who are struggling with debt are often trying to find different ways of managing their finances. In some cases, credit counseling or consolidation may be options, but these alternatives are not always feasible. In such cases, bankruptcy may be the most practical...
Month: October 2016
Effectively paying off credit card debt
Many Ohio residents use credit cards to pay for educational expenses, medical bills or to get rewards. However, there may come a time when it becomes difficult to keep up with the payments. An average household carries $5,700 in credit card debt while the number...
3 ways to prepare for life after bankruptcy
The light at the end of the bankruptcy tunnel is a clean (or almost clean) financial slate. But what will you do once you have it? Even in the beginning stages of bankruptcy, it's a good idea to start planning for what you'll do once you're safely on the other side....
Ohio residents say mortgages are biggest source of debt
The top source of debt for people in Ohio is mortgage debt, according to a survey by GOBankingRates.com. Ohio residents are not unique in their debt struggles, as residents of 41 other states also reported that they hold most of their debt in mortgages. People who...
Court rules against debtors’ bankruptcy modifications
Based on the ruling of one court, people in Ohio who file for Chapter 13 bankruptcy and then want to make modifications to the model plan must go through the legal system rather than taking it upon themselves to do so. This was the judgment of the U.S. Bankruptcy...
Three reasons why medical expenses remain no. 1 basis for bankruptcy
Take a quick look around the internet and it's obvious that the top reason for bankruptcy continues to be medical expenses. Insurmountable medical bills lead to nearly 2 million people filing for bankruptcy in the U.S. each year, accounting for about 62 percent of...
The facts about Americans and credit card debt
Ohio residents may be interested to know that the average American household has $5,700 in credit card debt. This is according to ValuePenguin, and it was also noted that the young or those with low incomes are not the only ones guilty of carry credit card balances....