Ohio residents who have credit card debt or mortgages with variable interest rates might want to consider the quarter-point interest rate increase made by the Federal Reserve on June 14. This increase affects loans with variable interest rates since they are based on...
Month: June 2017
Seven ways to discharge student loan debt
Student loan debt is a growing issue in Ohio and across the United States. Individuals are struggling to pay back loans they incurred to cover education costs, many of them paying significant portions of their income to loan companies every month. For those who are...
Using home equity loans to pay credit card debt
Many Ohio residents suffer financial distress due to high credit card balances and other forms of unsecured debt. High interest rates normally accompany the credit card balances or personal loans, leaving the borrower with repayment terms that damage the monthly...
I heard it’s harder to qualify for Chapter 7. Is that true?
You may be struggling financially and overwhelmed by harassing communications from your creditors. You know that filing for Chapter 7 bankruptcy could help you, but you heard it's harder to qualify since the U.S. Bankruptcy code was changed. First, you should know...
Modification of a Chapter 13 plan
A ruling made by the U.S. Bankruptcy Court for the Western District of Arkansas may have an impact on Ohio debtors. It held that a couple could modify their Chapter 13 plan by returning their vehicle to the lender and treating a deficiency as an unsecured claim. While...
Good reasons to pay down credit card debt
Ohio residents who have high credit card debt may be causing numerous financial problems for themselves. Perhaps the most obvious impact is that payments can take money away from an emergency fund or retirement savings account. On average, an American household has...