Are you one of the numerous Wisconsin residents struggling to make ends-meet? Like many people, you might live paycheck-to-paycheck. Sometimes the money runs out before another paycheck arrives in your bank account. Many people in this situation turn to payday loans as the answer. Have you fallen into this trap?
Now that we are well into the holiday season, people all across Wisconsin are scrambling to get many things done. There are events to attend, gifts to buy and trips to take. While the logistical complications of all these tasks can be hard enough, it is the financial obligations that come along with them that can put people over the edge.
If you and your spouse are like most married couples, then each of you handles different household and financial responsibilities. Maybe you've been in charge of most of the domestic matters like taking care of the kids and making your home a comfortable place to live, while your spouse has overseen bank accounts, the mortgage and other investments.
Maybe you have significant debt, but you're not sure of whether you should file for bankruptcy. After all, filing for bankruptcy is a decision no one should take lightly.
If you are considering bankruptcy but are worried it may be hard to regain your financial footing, relax. For many people bankruptcy is the only way to free themselves from debt and move on to a less stressful financial future.
When the economy took a major hit a few years back, many people here in Wisconsin had their lives severely impacted. Some recently released statistics indicate that the effects of this economic turmoil have continued to linger in the state and may be influencing consumer behavior.
In our last post, we discussed a U.S. 6th Circuit Court of Appeals decision that could afford consumers more rights when facing debt collectors. Essentially, the decision further tightened a Fair Debt Collection Practices Act requirement that debt collectors verify the legitimacy of the debt being sought.
Government officials are warning that many debt settlement companies are beginning to take advantage of Americans with hefty student loan debt.
Even though it is against the law for so-called debt relief companies to charge consumers up front before providing any type of service, this is still happening in many areas of the country, including Wisconsin.
Even though the economy has improved since the recent economic recession, there are still many people in Wisconsin and the rest of the country who are struggling financially.