Credit card spending has been rising since the start of the pandemic in 2019. Estimates suggest an increase of anywhere from 14 to over 33 percent in credit card spending. If you are among the millions of people who increased credit card spending in the last couple of...
Bankruptcy
Changes to medical debt reporting on the way
Millions of Americans carry medical debt. According to the Consumer Financial Protection Bureau, most people owe hundreds or thousands of dollars in medical bills. Owing this much can be financially devastating for individuals, affecting everything from where they...
Struggling with debt? You are not alone
The last two years have been incredibly stressful on Pennsylvania families who have struggled with illness, job loss and emotional distress. And for many people, their financial situation has taken an enormous hit, especially during the last year. Looking at the...
Yes, you can bounce back from bankruptcy
People often dismiss bankruptcy as an effective debt relief option because of misconceptions and fears. One fear is that filing for bankruptcy will destroy their financial future. However, you can recover from bankruptcy. People do it all the time using some of the...
Tips to make it easier to cope with unmanageable debt
People typically do not feel comfortable discussing debt challenges, so they often do some searching online or make decisions based on anecdotal evidence of friends. As such, there can be a lot of misinformation out there that, when followed, make a financial...
Can creditors contact me on social media?
Falling behind on credit cards, mortgages and other loans is stressful enough without having to dodge the seemingly constant calls and letters from creditors. It is not unusual for someone in this position to turn to spaces like Facebook, Instagram and Twitter to find...
Preparing for changing debt collection practices
Millions of Americans are dealing with debt, especially after an incredibly stressful year of lost jobs and economic challenges. And for roughly 25 percent of adults who have bills in collections, overcoming debt in the coming months may not get easier. This is due...
Can creditors garnish stimulus payments?
News that millions of Americans will receive another round of stimulus money was undoubtedly welcome to families and individuals across Pennsylvania who have been struggling over the past year. Between job losses and business closures resulting from the COVID-19...
Preparing for bankruptcy in 2021
The last year has been rife with unprecedented financial challenges for Pennsylvanians. People have lost their jobs, and businesses have had to close their doors, yet the bills keep coming. People are stretched beyond their means and considering filing bankruptcy....
Why this holiday could be the hardest to avoid overspending
This year has presented unprecedented challenges for individual financial stability, from massive job loss to a devastated economy. However, surprisingly, credit card debt balances have been dropping this year. According to reports, the average amount of debt...
