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Options available for parents struggling with student loan debt

Posted on October 2nd, 2015 No Comments

Options available for parents struggling with student loan debt

Many parents in the U.S. who are burdened with student loan debt to finance their children’s college education may want to consider the following options to help settle their debts. Parents who took a loan from “PLUS loan” may want to consider using the “income-contingent repayment plan” to have their monthly dues fixed at 20 […]

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Research: one in every six pro footballers seeks bankruptcy

Posted on September 23rd, 2015 No Comments

Research: one in every six pro footballers seeks bankruptcy

A private nonprofit group recently found out that in every six professional footballers, at least one player tends to seek bankruptcy protection, an article from Ventura County Star reported. According to the recent study by the National Bureau of Economic Research (NBER), NFL players are likely to file for bankruptcy as soon as they quit […]

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Right time to consider filing for bankruptcy

Posted on September 11th, 2015 No Comments

Right time to consider filing for bankruptcy

In Cincinnati and around the country, financial hardships are experienced by most people at some point in their lives. If you are in this situation, you may want to consider filing for bankruptcy if you observe these following signs: Your credit cards have reached their limitations Your debts are accumulating and new debts are coming […]

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Hip hop star sought bankruptcy protection

Posted on July 24th, 2015 No Comments

Hip hop star sought bankruptcy protection

American rap artist and actor 50 Cent submitted Chapter 11 bankruptcy papers in a Connecticut federal court on July 13, Rolling Stone reported. According to reports, the 40-year-old rap mogul has listed $10 million to $50 million in assets and liabilities. The bankruptcy filing will allow 50 Cent to re-structure his finances as he works to find […]

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“Blue” member Lee Ryan filed for bankruptcy

Posted on June 2nd, 2015 No Comments

“Blue” member Lee Ryan filed for bankruptcy

Member of the defunct boy band “Blue,” Lee Ryan, has filed for bankruptcy after suffering from financial problems, The Guardian reported on May 18. Reports revealed that Ryan is the fourth and last member of the English band to seek bankruptcy protection. Other “Blue” members, Duncan James, Anthony Acosta, and Simon Webbe, filed for bankruptcy years […]

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Credit card debt increased in the U.S. last year

Posted on March 30th, 2015 No Comments

Credit card debt increased in the U.S. last year

A recent survey observed that credit card debt in the U.S. ballooned in 2014, and it may continue to increase this year by five percent, a March 10 article of CBS stated. CardHub said American households in 2014 were left with $57.1 billion in credit card debt and it is expected to increase to $60 […]

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Tips on recovering from foreclosure

Posted on February 3rd, 2015 No Comments

Tips on recovering from foreclosure

Fox News offered some tips on January 23 about how to recover after experiencing the stressful process of foreclosure. • After a foreclosure, people may initially improve their credit by using it responsibly enough to impress potential lenders. Homeowners with high credit scores before foreclosure may struggle more to get their credit back to their previous point. Despite […]

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Former Sugababes member filed bankruptcy

Posted on October 7th, 2014 No Comments

Former Sugababes member filed bankruptcy

Ex-Sugababes member Mutya Buena was ordered to file for bankruptcy after failing to settle her tax bill, Mail Online reported on September 26. Mutya Buena found commercial success in the UK with four number one hits. However, according to reports, she is now personally struggling with money problems, and so is her company “Sacred Three […]

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Cleveland Heights votes on regulations for payday loan lenders

Posted on September 23rd, 2014 No Comments

Cleveland Heights votes on regulations for payday loan lenders

The city council in Cleveland Heights on September 2 votes on a resolution to lift a temporary ban on payday loans, and another resolution that would appeal to the state legislature to cap interest rates on these types of loans, Cleveland.com reported. According to reports the city council will request the state’s lawmakers to require […]

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Celebrity chef burdened by overwhelming debt

Posted on September 3rd, 2014 No Comments

Celebrity chef burdened by overwhelming debt

Chef and TV personality Gordon Ramsay is more than $50 million in debt after his ventures lost millions of dollars last year, an article by Reality TV World stated on August 7. According to reports, Ramsay’s Kavalake Holdings and some of his TV shows in which he offered advice to struggling entrepreneurs lost over $10 million in 2013. […]

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