Whether or not an individual is good with money, he or she is likely to experience financial problems at some point life. However, there are options to get out of debt without doing unnecessary long-term damage to a credit score or history. The first option is to...
Month: August 2015
The impact of interest rates on bankruptcies
Many New York residents have felt the effects of the upturn in the national economy since the 2008 recession. The unemployment rate has fallen in many parts of the country, and one result of that has been that the number of people filing for bankruptcy has fallen as...
Filing a bankruptcy and debt collection efforts
New York residents struggling to cope with an unmanageable financial situation are likely familiar with the sometimes dubious practices of debt collectors. Collection agencies are notorious for their relentless pursuit of unpaid bills, but they are required to operate...
Interest rate increases could impact bankruptcy filings
As New York households recover from the financial challenges of the recent recession, bankruptcy filings have begun to decline. One factor that has helped the nation to regain its financial footing is low interest rates, which have been maintained at 0.25 percent...