Category Archives: Debt Management


Fed Reserve Maintains Interest Rates, Prompting Concerns for People Struggling with Debt

The Federal Reserve recently held a two-day meeting, at which the country’s central banking system announced that it will not be raising interest rates, which could mean that more personal bankruptcies are on the way as the economy continues to struggle. Although the decision not to change the interest rate has at least temporarily allayed……
Read More

Young People Beware: Millennials Most Likely to Fall for Financial Scams, End up in Debt

When it comes to steering clear of serious debt issues, it is imperative that a person avoids falling prey to scams that can quickly deplete financial resources. Unfortunately, scammers have become more effective over the years at convincing some individuals to hand over their hard-earned cash. Although the long-held belief has been that elderly people……
Read More

Where You Live Can Have a Huge Impact on Your Finances

Most people living in New Jersey already realize that the state has an extremely high cost of living, which can lead to the quick accumulation of debt and create serious financial difficulties. With tax time upon us, you might also be aware that the State of New Jersey has some of the highest income taxes……
Read More

Be Careful about Borrowing from Your 401(k) Plan

It’s not uncommon for elderly people to face financial challenges. That’s why it’s extremely important that you leave yourself with enough money to enjoy your Golden Years. As you get older, you need to take steps to ensure that you can afford to keep up with a higher cost of living on a fixed income…….
Read More

Growing Concern about Bankruptcies If Fed Reserve Continues to Cut Interest Rates

Economic experts are worried that the Federal Reserve might be powerless to stop the onset of another recession, which could result in more people declaring bankruptcy in the future. Once interest rates hit zero, say some financial commentators, the Federal Reserve could have a serious “math problem.” That’s because rates can’t realistically go much lower……
Read More