Surviving Casino Closures: Unemployment in Atlantic City

The famous Atlantic City casinos are closing, which means thousands of Atlantic City residents are finding themselves unexpectedly unemployed. The casinos have been struggling for years, but stiff competition from Las Vegas and casinos in surrounding states have simply overwhelmed the boardwalk. Four casinos have closed already in 2014. As of September 2014, Atlantic City… Read more »

3 Most Common Types of Debt in New Jersey

3 Most Common Types of Debt in New Jersey

US residents have a total of almost $12 billion of outstanding debt. Of that $12 billion, almost $9 billion is housing-related debt. Just over $1 trillion is student loan debt, and just under $1 trillion is auto loan debt, followed by credit card debt at $660 billion. That makes for a total debt per capita… Read more »

How Fast Can a Bank Foreclose in New Jersey?

If you’re behind on your mortgage payments on your home in New Jersey, you’re probably worried about foreclosure. When will the bank start the process of foreclosing on your home? Do you have any options to stop the foreclosure? Will you have to move out right away? New Jersey is a judicial foreclosure state, meaning… Read more »

Can I be sued if I don’t pay my New Jersey student loans?

Can I be sued if I don’t pay my New Jersey student loans?

In a word, yes. Student loans are debts just like any other. If you fail to make your payments, you’ll go into default. Once you default, your loan servicer may sue you for collection. So, when can they sue and what will it mean for you? Delinquency and Default Some student loans are privately funded…. Read more »

Collection Lawsuits in New Jersey

Collection Lawsuits in New Jersey

You’ve missed a few payments on a debt and you’ve gotten notice that you’re in default. Now you’re worried about a lawsuit. How does a debt collection lawsuit work in New Jersey? Receipt of Notice You’ll know your creditor has filed a lawsuit against you when you receive a summons and a complaint. The complaint… Read more »

Debts After Bankruptcy in New Jersey

Debts After Bankruptcy in New Jersey

Filing for bankruptcy doesn’t stop the world from turning. You still have your job, your family, and the rest of your life to think about. Bankruptcy may also not take care of all of your financial worries. Some debts extend past bankruptcy. You should make the decision to file for bankruptcy with the long game… Read more »

Credit Card Debt in New Jersey

Credit Card Debt in New Jersey

According to the Federal Reserve, Americans owe a total of almost $857 billion in credit card debt. That amounts to more than $7,000 per household. This is the third largest source of debt in the country, after mortgage debt and student loan debt. Consumers are sucked into the credit card debt cycle when they pay… Read more »

How long will my Chapter 13 bankruptcy take?

How long will my Chapter 13 bankruptcy take?

You work hard to provide for yourself and your family, but sometimes that paycheck just isn’t big enough to make ends meet. If you’re struggling with debt but have a steady income, Chapter 13 bankruptcy might be the solution to your debt troubles. Bankruptcy is no one’s first choice, but it may be a better… Read more »

How Much Does It Cost to File For Bankruptcy in New Jersey?

How Much Does It Cost to File For Bankruptcy in New Jersey?

If you’re struggling with debt, you probably don’t have a lot of extra cash lying around.  Can you afford to file a bankruptcy case? Let’s take a look at the costs associated with filing for bankruptcy in New Jersey. Pre-Filing Costs Before you file for bankruptcy, you’ll have to go through a credit counseling class…. Read more »

Advance Fee Loan Scams in New Jersey: What to Look For

Advance Fee Loan Scams in New Jersey: What to Look For

Low credit score? It makes getting a loan or credit card nearly impossible. No matter how hard you work and how much you need the cash or the credit, you can’t seem to get around that score. Where can you turn when you need credit but can’t get it? Wherever you look for credit, beware… Read more »