Timothy J. Sierra, Attorney at Law Timothy J. Sierra, Attorney at Law
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Tampa Bankruptcy Law Blog

Avoiding Burdening Debt From Student Loans

Completing school is hard enough, having to deal with unmanageable student loans is nearly impossible. Understanding your federal student loans could be a course all on its own so if you are not in default and are having a hard time keeping up with the payments deferment and forbearance could help steer you away from establishing student loan debt.

New FICO Score Helps Medical Debt

Within the past year or so, FICO has released a new way to record and report medical debt collections, called FICO 9. This model will help Americans suffering from medical debt and can help combat the unequal effects. Most beneficial to the new method will be those who have completely paid their medical collections. It is said that FICO 9 will help lessen the impact of medical debt compared to other types of debt. 

Credit Counseling vs. Bankruptcy

What's the difference? Many people going through rough financial times may have trouble focusing on their options, especially with the stress and threat of potential outcomes. But knowing what is best for you means knowing the pros and cons of each option, specifically credit counseling and bankruptcy

Bankruptcy on Jointly Owned Property

Whether you are filing for individual Chapter 7 or Chapter 13 bankruptcy, there is always the possibility that your spouse may be affected. Therefore it's helpful to keep informed of the consequences your spouse might encounter while you file for bankruptcy.

When you file for bankruptcy your case will vary depending on laws in your state. There are two different laws that determine the rights to your property acquired during marriage, the community property and common law property.

Post Foreclosure Life

Foreclosure can be a scary thing, but just because you have been foreclosed on does not mean it's the end of the world. There are post foreclosure options to help you get back on your feet and can help lead you back to a financially stable life. Although it may take a while you can even become a homeowner again!

Can You Establish a Credit Score without Credit Cards?

Trying to establish and build credit can be a complicated process, especially if you don't own a credit card. One common misconception is that if you don't have a credit card you can't build credit. However that's not the case, there are plenty of other ways to create and grow your credit score.

5 Best Low-interest Credit Cards with Rewards

If you are on a tight budget here are some credits cards worth checking out. The following cards offer a variety of ways to save on cash, and can help put that money back into your wallet. These cards are favorable if you are currently facing or trying to avoid facing certain financial struggles, specifically credit card debt.

The Consequences of Not Paying Student Loans

In recent blog we discussed how debtors fail to manage their student loan debt, which is a very difficult thing to do without guidance and support. However this is a serious problem, especially because failure to pay of student loan debt could result in hard consequences.

Failing to pay off student loans could be more than financially crippling, one's driver's license could become suspended. 22 states, including our lovely, sunny Florida are cracking down and suspending driver's licenses of debtors who default on student loans.

40 percent of Florida adults struggle with medical debt

Whether someone is unable to work after suffering an injury or simply cannot afford to pay their medical expenses, there are many reasons why people have unmanageable medical debt. Unfortunately, for some people in Tampa and throughout Florida, medical bills can make a physical condition even more difficult to deal with. People who are going through this firsthand should explore every debt relief option and remain committed to working towards a successful outcome. After all, debt can become even more difficult to tackle over time and it is imperative to get started right away.

According to a report that was recently released, a greater number of adults in Florida are having a hard time with medical debt when compared to people in California and New York. Researchers say that 40 percent of adults in Florida reported having difficulties paying their medical bills or are paying them off gradually.

Tips to Reach Your Financial Goals Faster

We all have financial goals in life and some are harder to reach than others. Sometimes we need help achieving those goals; goals can be through advice and/or support, everyone is in a different financial situation. Here are a few tips to reaching financial goals in a timelier manner that anyone can use!

  • Set up a direct transfer of money to a savings account. Pay checks can be set up to distribute a little amount each month into a savings account and the rest goes to a checking account. Another way to do this is to have your accounts set up so that each month an allotted amount of money gets transferred from a checking account to a savings account. Every few months it would be ideal to increase the amount transferred into savings.

Contact Information

Tampa Office
118 South Rome Avenue
Tampa, FL 33606

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Tampa Law Office Map

Riverview Office
6314 U.S. Highway 301 South
Riverview, FL 33578

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions

Brandon Office
305 North Parsons Avenue
Brandon, FL 33510

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions