Credit card debt has affected many Ohio residents, and a common concern is whether proof of the debt can be requested. According to the Fair Debt Collection Practices Act, consumers have the legal right to request verification provided that the request is made within...
Moving balances from one credit card to another and taking advantage of interest-only payment options can be financially damaging to people throughout Ohio. As the length of time it takes to pay a debt back extends, the overall interest charges will continue to grow....
Ohio residents may be interested to learn about how small debts can lead to big drops in their credit scores. Although many people believe that a debt under $100 may not affect a credit score very much, if it gets reported, it could actually end up lowering one's...
Ohio residents may be aware that funds saved for retirement are protected when an individual files for a bankruptcy. However, the rules regarding monies in an inherited retirement account have been less clear. This ambiguity was addressed by the Supreme Court of the...
A common assumption about those who file for bankruptcy in Cuyahoga Falls may be that they just don’t have enough money to pay their debts. After all, how could one fall behind on one’s debt payments if he or she has a steady income coming in? However, the...
Since the most recent economic recession, many homeowners in Cuyahoga Falls as well as in other parts of the country have experienced the financial pain that comes from being underwater with their homes. Fighting to keep one’s head above dangerous financial...
A better understanding of what bankruptcy is and how it can help people has helped eliminate the stigma associated with it. Now, the question for those in Akron considering this option remains when they should file for it. The answer may be as clear as the reasons why...
Summit residents can often be counted among the many that are surprised when news of a high-profile, high net-worth individual announces that he or she is filing for personal bankruptcy. That news is often that much more shocking when the individual is someone...
Try and try as they might, most in Cuyahoga Falls can't avoid debt. Debt in-and-of-itself isn't always a bad thing; it's the managing of the debt that can get people into trouble. If not left unchecked, one can easily spend his or her way right into the poor house....
Most in Akron arrive at the decision to file for personal bankruptcy after a lot of thought and heartache. However, the stigma that was once associated with those who filed for bankruptcy has all but disappeared in recent years. As such, those who choose to make this...
