According to recent data from FICO, the effects of the recent recession may have dramatically affected how young adults finance their purchases. According to the data, about 16 percent of consumers between the ages of 18 and 29 did not have a credit card as of the end...
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Month: June 2013
Attorneys working to draw the line in Warwick bankruptcy
On Behalf of Pelley Law Office LLP | Jun 17, 2013 | Chapter 7 Bankruptcy
This is a significant week in the bankruptcy petition efforts of singer Dionne Warwick. Readers of this blog may recall a post a few months back in which we reflected on the fact that the 72-year-old pop artist had filed for Chapter 7 bankruptcy protection. It's a...
Texas foreclosure: How not to go about saving the house
On Behalf of Pelley Law Office LLP | Jun 10, 2013 | Foreclosure
When a resident of Texas is faced with the possibility of losing their home to foreclosure, the first reaction is very likely one of panic, followed by a scramble to find some way of averting the process. That scramble can very easily lead a person down some dangerous...
Texas foreclosure: Federal distressed mortgage help extended
On Behalf of Pelley Law Office LLP | Jun 3, 2013 | Foreclosure
At the height, or rather the depths of the most recent recession, when the housing market tanked, the federal government launched the Home Affordable Mortgage Program, or HAMP. The objective was to encourage lenders to do the right thing and help homeowners in Texas...