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Debt Traps & Scams

Debt Traps & Scams

If you are stuck in a cycle of high-interest debt, it could be time to consider filing for a Chapter 7 bankruptcy. Colorado Springs bankruptcy attorneys know that it becomes a vicious cycle: You have poor credit, so they give you a high interest rate, and then you’re stuck barely being able to make the minimum, so...
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broken Piggy bank smashed into pieces with hammer and small or loose change euro coins Nearly half of all Americans aren’t able to save up as much money as they should, often necessitating debt relief in Southern Colorado and elsewhere in the country. This is according to a recent poll which found about 45 percent...
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You may just now be settling down with the idea that your child is actually in college. He or she is probably getting in the swing of classes, exams and group projects. But one area of study that college students as a whole routinely flunk is credit card savvy. Too often, our Colorado Springs Chapter 7...
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After a divorce, you become more susceptible to increasing debt, and subsequently a Colorado bankruptcy. To be sure, bankruptcy can be a blessing in disguise, as it allows you to free yourself of debts you may have accrued during your marriage, and those that piled up following your divorce. In some cases, you could be...
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Colorado Springs Chapter 7 bankruptcy lawyers know that anyone who has ever struggled with debt wants to ensure their children don’t endure the same. While some debts are inevitable, establishing good spending and saving habits early on can save them a great deal of heartache later on. This is critical especially considering that a recent...
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College students, especially those at the University of Colorado at Colorado Springs, have it difficult these days because they are thrust into debt with job prospects looking bleak. The cost of higher education in this country has continued to rise, even as more and more students are seeking education after high school than decades earlier....
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Young woman lying on sofa with laptop and entering the number of her credit card to pay online Our Southern Colorado Chapter 7 bankruptcy attorneys know that credit card companies have long targeted the college student demographic because of their overall impulsiveness and lack of experience. But their tactics are becoming increasingly savvy. Today, nearly 900 universities...
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Nothing is timelier than an article about college costs that coincides with freshman “move-in” week. Just as Colorado Springs’ parents are settling up with the college billing office and heading back home, most are wondering how this will affect their financial future. Rising interest rates on college loans will have a ripple effect on the...
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Young family calculating taxes and monthly loan payments for house. Concept of financial difficulties, poverty, bankruptcy, taxes and rent payment Imagine a credit card that charged a 36 percent APR, slapped you with a fee when your credit limit increased and cost you $400 a year just to own — yet, the company tells you...
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Top view image of a woman holding and showing credit cards The U.S. Federal Reserve has reported that consumer credit overall has bounced back in August, following a sharp decline a month earlier. Southern Colorado bankruptcy attorneys know this means more people are feeling comfortable with taking on more credit card debt. This can be...
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USA Today is reporting that consumers increased their debt in November by more than $20 billion, the largest monthly increase in a decade. What this shows our Colorado Springs bankruptcy lawyers is not that the economy is in a better position than it has been in years, but more likely that consumers used their credit...
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