Consumer Blog

Despite a housing market slowdown, foreclosure rates across the US have increased for almost two years. Real estate data analysis by Attom showed that Florida had some of the highest levels in the past year, highlighting issues of availability and affordability. Mortgage lenders completed almost 4,000 repossessions in January, up 6% from December but down 19% from the year before, according to Attom’s data. The ability to afford a home remains difficult, with the 30-year fixed rate increasing to 6.12%, and addressing the affordability concern remains an issue that both federal and state officials and lawmakers are trying to solve.

Chapter 13 bankruptcy offers several benefits for the average consumer struggling with debt. These benefits include protection from foreclosure, stopping creditor harassment, paying off debt, keeping property, and improving credit score. Chapter 13 bankruptcy allows individuals to repay their debt over a three to five-year period, with a payment plan established by the bankruptcy court. Filing for Chapter 13 bankruptcy will have a negative impact on credit score, but can also be an opportunity for individuals to start fresh and rebuild their credit. It's important to consult a knowledgeable bankruptcy attorney to determine if Chapter 13 is the right option.

Inaccurate and sloppy credit reporting practices by TransUnion, Equifax, and Experian as well as other information providers is preventing consumers from getting housing in this difficult rental market.

Credit card debt levels and interest rates are reaching historical highs leaving consumers few options to get out of debt.

Credit card balances are at an all time high and there is no relief in sight for most consumers. Now is the time to plan around your debt strategically and speak with Florida Consumer Lawyers today.

Banks and hospitals are cashing in on the most ridiculous idea we've ever heard. Medical credit cards. Having a baby, just charge it at 27% interest. Just another scam out of a broken system that continues targeting consumers who can least afford it.