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...
When Ohio consumers file for bankruptcy, it will go on their credit report. The bankruptcy may appear on a credit report after it was first filed even if the case was dismissed or a debtor chose to drop the case after filing. Those who file for Chapter 13 bankruptcy...
While many of our posts focus on bankruptcy issues (i.e. discharging debts), we find it helpful to highlight some money saving tips that consumers can take advantage of so that they can avoid the need for bankruptcy protection. Indeed, there are a number of ways to...
Many Ohio residents have a very tight budget, and it may take only a single financial emergency to send them on a path the bankruptcy. People who are considering filing for bankruptcy should be aware of the myths that surround the legal procedure. Filing for...
Ohio residents who file for bankruptcy must pass a means test that decides whether they are eligible for Chapter 7 or Chapter 13 bankruptcy. The idea behind the means test is to keep the number of people who are able to file for Chapter 7 and most of their unsecured...
Ohio residents, under the right circumstances, can file for bankruptcy to help them when they are facing significant financial struggles. The two main types of bankruptcy available are Chapter 13 and Chapter 7. In a Chapter 13 filing, the discharging of some remaining...
Financial difficulty is one of the main reasons that Ohio couples file for divorce. While ending the marriage may be the best option for your individual situation, this option does not mean that your financial struggles will be over once the process is finalized. In...
Families in Ohio and across the country send credit card companies an average of $1,292 each year in interest payments as part of paying off their balances, but that figure will likely be going up in the coming months. The U.S. Federal Reserve announced a quarter...
Since there are many credit card companies that feature incentives, such as reward points and store discounts, Ohio residents might be inclined to use them for their holiday shopping. However, they may want to read these few tips first. During heavy shopping seasons,...
Thousands of Ohio residents fall victim to identity thieves each year, and the resulting harassment from creditors and debt collectors prompts some victims to consider filing a personal bankruptcy. While a bankruptcy filing does put an end to creditor harassment, it...
