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

Managing Medical Expenses to Avoid Medical Debt

No one can predict and know when an injury or illness will occur, therefore most people don't save for expensive medical bills. However accidents happen to everyone and with the unstable economy medical debt is on the rise. With the current conditions most Americans are just one major illness away from bankruptcy.

Cosigning Student Loans? Think again.

Student loan debt is rising faster than any other type of debt in the U.S. In 2014 it was estimated that 40 million Americans have some sort of student loan debt. With student debt becoming such a problem its impact is not only affecting students but others as well. The serious financial problems are beginning to show long term effects for the co-signers of private student loans

Things That Should Never be Bought with a Credit Card

Credit cards can be beneficial and helpful when they are used correctly and responsibly. When abused, credit cards can create a hefty debt which can exponentially grow overtime. The average credit card debt for Americans is around $7,300. To avoid any type of credit card debt there are a few guidelines and tips to follow.

Common Violations in Loan Modifications

With the economy constantly fluctuating, those once affordable monthly payments can become unmanageable. In those circumstances, people seek loan modifications to help reduce those payments. But often enough mortgage servicers make serious errors on loan modification requests. Down the road this causes homeowners many problems and can even turn into a wrongful foreclosure.

To take preventative action from letting this happen, homeowners should education themselves on common mortgage servicer violations and errors while applying for loan modifications.

Surrender in Florida Foreclosures

When debtors file for bankruptcy, they must address how they want to treat real estate. Oftentimes, homeowners cannot afford their mortgage and must file for bankruptcy and give up their homes and walk away from the debt. But since it takes a fair amount of time to foreclose, some debtors remain in the home.

While it is generally fine to stay in the home until the foreclosure process is complete, some people are defending state court foreclosure proceedings. Recently there has been some repercussions from debtors stating an intention but surrender the property in bankruptcy but who continue to fight the foreclosure in state courts.

Stopping Debt Collection Harassment

Debt can be a very intrusive problem in your life, as well as debt collectors. Debtors often find themselves being constantly hassled and bullied by their collectors and are unsure how to stop it. Understanding what harassment technically is could help stop it.

Credit Card Balance Transfers Know-Hows

Now a days everyone owns at least one credit card. Most people juggle multiple cards all with different balances, which has just become part of everyday life so why not take advantage of it. Transferring balances has the benefits of setting your finances straight and improving your credit score. The following tips can help utilize those opportunities.

Senior Citizens benefiting from Bankruptcy

Many seniors work hard their whole lives so they can enjoy their stress-free retirement. Unfortunately with this economy not everyone is able to reach that goal and are faced with weighing their financial options carefully. Many seniors and retirees wonder if bankruptcy is a good option for handing their debt trouble and wonder how it will affect their Social Security and retirement funds.

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. 

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