Category Archives: Debt
Five Tips for Dealing with Significant Debt
Debt can pile up unexpectedly, and before you know it, you’re struggling to pay your creditors. It might seem insurmountable, but don’t give up. Instead, try these five strategies for managing your debt and getting back on track: 1) Ask for help. Your creditors are not rooting for you to fail. If you’re having trouble […]
Beware of Credit Repair Scams in Pennsylvania
If you are facing overwhelming debt or have even filed for bankruptcy to eliminate it, you may be vulnerable to scams claiming to repair your credit report or remove bankruptcy and liens from your credit file. Credit repair companies can help you get back on track financially, but be sure to do your research to […]
Key Tips for Settling or Reducing Credit Card Debt
Credit card debt is one problems most Americans face at one point or another, and it can seem insurmountable. But settling your debt is a viable option, and can help you get started on the road to recovery. In a debt settlement program, you agree to pay a lump sum that is less than the […]
Don’t Let Debt Collectors Harass, Intimidate
Everyone knows that ignoring debt collectors’ calls is not a good idea. Refusing to answer and negotiate with them can just make the situation worse. But when it comes to their collection tactics, you should know your rights. Federal standards Under the Fair Debt Collection Practices Act (FDCPA), the U.S. Federal Trade Commission (FTC) has […]
What Happens to Student Loans in a Personal Bankruptcy?
Students often take out loans feeling certain that they’ll get a job that enables them to repay in full right after graduating. But new graduates are encountering difficulty finding a good job. When their student loans come up for repayment, this lack of a good job can present a problem. Your repayment obligation for student […]
Report: One-Third of Americans Struggle with Debt
The stigma of debt prevents most people from admitting their financial troubles. But according to a new study by the Urban Institute, more than one-third of Americans currently have debts in collections. About 35 percent of Americans — more than 77 million people — have debts delinquent enough to be sent to collections and reported […]
Bankruptcy May Help Save Historic Pennsylvania Amusement Park
Pennsylvania’s historic Conneaut Lake Park has been authorized for a sheriff’s sale due to its significant debt in back taxes. But the park may still be able to save itself by filing for bankruptcy. The beloved Crawford County amusement park, which is 122 years old, has accrued $910,000 in back taxes over the last 14 […]
Pittsburgh Area Bankruptcies Drop in Second Quarter
According to the Administrative Office of the U.S. Courts, Pittsburgh has experienced a decrease in the number of bankruptcy filings by local businesses this year. The Pittsburgh Business Times reports that data from the Administrative Office of the U.S. Courts showed a significant drop in bankruptcy filings by Pittsburgh-area businesses — only 55 were recorded […]
Good Days May be Ahead for Pennsylvania’s Economy
Recent news reports indicate that the economy in Pennsylvania is showing slight signs of improvement. According to the state’s Department of Labor (DOL), Pennsylvania’s unemployment rate dropped to 7.5 percent in May. In addition, the DOL calculated an additional 24,000 new jobs to the state, the highest increase in month since 1983. Furthermore, DOL data […]
