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The fate of the CFPB is in question

While no one likes to think that it could happen to them, consumers in North Carolina are sometimes treated unfairly or taken advantage of by banks and other lenders. Such deceitful practices are part of what led to the Great Recession and a great number of people felt the effects of the economic downturn.

If my spouse dies, will I be stuck with their credit card debt?

Dealing with the death of a spouse in North Carolina can be a devastating and emotional time. Unfortunately, when a loved one passes, there are also often financial considerations involved. If your spouse had a lot of credit card debt when he or she passed, you may become responsible for it but only in some situations.

A look at the difference between credit scores and credit reports

In may be beneficial for people in North Carolina who are dealing with a lot of debt to monitor both their credit score and their credit report so that they can have a complete picture of where they stand financially. However, not everyone understands what their credit score is and how it is different from a credit report. Here is some useful information on what they are and why they are important.

Debt is on the rise for many American families

Like many people across the United States, residents of Durham may find themselves deeper in debt than they were a few years ago. While a number of factors play into why this may be, it is never easy to be struggling to pay outstanding balances, and many people often feel hopeless and frustrated about their debt.

Are there differences in how men and women approach debt?

Everyone in North Carolina has their own way of dealing with money. Some people are very responsible and never run into any trouble, while others struggle with it or find themselves facing problems through no fault of their own. When it comes to debt, it does appear that there are some differences in how men and women approach their finances.

How to be smart about your holiday spending

For people who are already in debt in North Carolina, recovering from bankruptcy or experiencing financial trouble, the holidays can present a problem. Expectations are high and most people want to be able to provide wonderful gifts for everyone on their list. For people who have children, it can be even more tempting to overspend. However, doing so would be unwise as it will likely only lead to further debt. Here are some things that people should know if they want to avoid hurting their finances this holiday season.

How credit cards can actually help people with bad credit

Many people in North Carolina who are coming out of a bankruptcy may be worried that their credit is irreparable or that they may not qualify for a credit card because of their low credit score. It may be tempting after a bankruptcy to want to avoid using credit cards altogether out of fear of getting into additional financial trouble.

How does NC’s bankruptcy rate compare to other states?

If you live in North Carolina, you reside in a state that is on the lower end of the spectrum for rates of bankruptcy filings. According to NerdWallet, during the period from April 2015 to March 2016, the average number of bankruptcies across the country was 224 for every 100,000 people. North Carolina had an average of only 150 bankruptcy filings per 100,000 residents.

What do most people worry about when it comes to their finances?

If, like many other people in North Carolina, you are worried about your finances, you are not alone. It turns out that most people share many of the same concerns when it comes to money. A recent study of more than 35,700 people concluded that financial concerns are a source of stress for many Americans, according to MarketWatch.

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Durham Office
3200 Croasdaile Drive
Suite 504
Durham, NC 27705

Toll Free: 800-610-3643
Phone: 919-794-8660
Fax: 919-382-2042
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Suite 104
Henderson, NC 27536

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