December 2012 Archives

Garnishment may result for those defaulting on student loans

Reports about the delinquency and default rates of student loans reveal that student loan borrowers are facing serious financial distress. As financial problems become graver, borrowers get closer to the possibilities of garnishment and losing significant benefits. In light of these staggering statistics and realities, it is important for student loan borrowers in Mississippi to seek sound financial and legal advice.

Woman pleads guilty in bankruptcy fraud case

Bankruptcy is an important process by which down-on-their-luck individuals can eliminate their debts and regain financial freedom. The process is highly regulated and it can sometimes become rather complex; however it still requires that debtors act openly and honestly when disclosing their assets. Failure to follow these regulations could land a debtor in serious legal trouble.

Credit card debt increased from July to September

As the economic climate settles and improves slightly, people throughout the country--including those in Mississippi--are increasing their spending habits. Typically, people are turning to their credit cards to cover the costs. There is evidence, however, that this additional spending has led to an increase in credit card debt.

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