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...
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....
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...
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...
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...
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....
Divorced couples in Ohio who are considering bankruptcy may want to take note that a judge has ruled that the attorney's fees a man owes his former spouse for overtrial are a domestic support obligation. Debt qualifies as a DSO if it is intended to support a child,...
Debt, which can include credit card balances, lines of home equity and student loans, has been identified as one of the main reasons why many Americans are unable to save. Ohio residents should know the five signs that indicate an individual needs a credit counselor....
It is easy to run up a high debt balance on a credit card. Credit cards may carry interest rates as high as 30 percent as well as added penalties and fees for late payments. It is in one's best interests to pay off credit card debts as soon as possible before tackling...
Filing for bankruptcy can offer individuals a clean slate in most areas of life, but a couple of forms of debt are notoriously difficult to discharge: mortgages and student loans. The latter might seem especially baffling, especially to younger people. Why can't...
