Common bankruptcy myths are everywhere, even though American consumers have been filing chapter 13 and chapter 7 bankruptcies since modern bankruptcy laws enacted back in the 1930s. What is Bankruptcy Bankruptcy is a federal court proceeding designed to help consumers...
401(k) blunders to avoid to ensure a comfortable retirement. With the disappearance of defined-benefit pensions in the workforce, employers switched another obligation to workers. That obligation is not something that they can take lightly because their lifestyle in retirement depends...
Consumers’ balance sheet is not strong; for the second quarter of 2019, America’s total household debt was $13.86 trillion. During a 60-minute interview, JP Morgan Chase’s CEO Jamie Dimon told Lesley Stahl that the American consumer’s balance sheet is strong. ...
Lawmakers want to cap interest rates at 36% for all American consumers. Similar legislation is already on the books limiting interest rates lenders charge military members and their families. We have a great love for our active-duty military members. They...