Inflation is now at forty-year highs. Costs of everything, most importantly necessities, are soaring. As you would expect, this is causing many Americans to turn to credit card usage to pay for essential monthly expenses such as fuel, utilities, and food.
This article about the affects of high inflation and interest rates does a good job of explaining the impact of the damaging inflation and interest rate increases; especially how it will hurt borrowers with significant credit card debt.
If you find yourself over extended on credit cards, payday loans, or other debts, it may be time to consult with me to discuss your financial options. Inflation appears to only be worsening. Please feel free to contact me for your free consultation. My cell is 214-288-1917.
https://nationalmortgageprofessional.com/news/us-foreclosure-activity-rise Foreclosure activity in the U.S. rose in early 2025, with Dallas seeing a notable increase in new filings. The spike reflects growing financial strain as pandemic-era relief ends.
1 in 4 Americans are now forced to choose between paying bills and affording basic needs. Chapter 7 bankruptcy may provide relief.
You have several viable options if you are struggling with your automobile loan.
An interesting article about "underwater" (when the borrower owes more on their home than it is worth) home mortgages. Fortunately the percentage of mortgagees in this situation is significantly less that in prior economic downturns.
Just read an interesting article I found in Forbes Advisor written by a fellow Texan. Very insightfully tracks the various economic indicators that impact the health of the American economy. While there are some positive signs, as expected there are also some areas (like housing) that are not ...
Credit card debt is growing - you are not alone if you are struggling with debt!
