According to a recent report released by Sallie Mae, the average American college student carries five different credit cards, and the average balance students carry is $1,423. Approximately six percent of college students carry over $5,000 on their credit cards in debt. For students that graduate with high student loans,…
Category: Credit Card and Debt Defense
When people fall into financial difficulty, sometimes, working with a debt settlement company seems like a good idea. These companies negotiate with your creditors on your behalf and come to an agreement about the amount of debt you will repay. A settlement is typically less than the original amount of…
Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer who can assist you in…
It is no surprise that the pandemic has caused millions of people across the country financial hardship. A recent study conducted by WalletHub showed Americans paid approximately $82.9 billion in credit card debt just last year alone. While the news is good, as it shows that many people are paying down…
Medical debt is one of the main reasons why people file for bankruptcy or withdraw savings from their retirement accounts. People may develop an unexpected condition that requires extensive medical treatment. The cost of that treatment can make it difficult to pay for everyday expenses at the same time. Even…
According to a recent report, over half of Americans who took on a new hobby during the pandemic have gone further into credit card debt. For some, this is not an issue. After all, people were forced to stay at home and for those lucky enough to keep their jobs…
As a retiree, you likely know that having good credit is essential to your financial health. You know that the score assigned to you by the major bureaus, such as TransUnion, will have a direct impact on your ability to borrow and the interest rate you will pay on any…
Most people are familiar with debt collection notices. These letters, which are usually sent by debt collection companies, are sent when a person defaults on their credit card bills, student loans, or even utility bills. Debt collection companies are third parties that creditors and lenders hire to collect on unpaid…
Today, it may seem as though you never have to actually contact your credit card company. A lot of things associated with your credit card account can be done through a smartphone app or your banking app. You can view your available credit, your account balance, check the payment status,…
