Just because buying things with plastic is easy does not mean that every Texas cardholder can pay off a credit card balance every month. Looking at national data from the Federal Reserve, total credit card debt amounted to $901 billion as of May 2015. This represents...
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Debt Relief
People in Texas cities have more credit card debt
On Behalf of Pelley Law Office LLP | Aug 6, 2015 | Debt Relief
A new report by CreditCards.com ranked two Texas cities among the most debt-burdened cities in the country. According to the report, credit card holders in Dallas and San Antonio owe an average of around $4,900. Although the debt burdens in San Antonio and Dallas are...
2 options for paying off debts faster
On Behalf of Pelley Law Office LLP | Jul 7, 2015 | Debt Relief
Getting out of debt is something that takes work, especially if some of it involves credit card bills. The interest alone on credit card bills can sometimes mean that making only the minimum payment isn't enough to effectively pay off the balance. For Texas residents...
Rules on debt collection and notification
On Behalf of Pelley Law Office LLP | Jul 6, 2015 | Debt Relief
Consumer debt remains a constant concern for many Texas residents in the post-recession economy. One of the problems cited by some debt holders concerns loopholes in the Fair Credit Reporting Act that allow some non-institutional creditors to delay billing and delay...
U.S. Department of Education announces student debt relief
On Behalf of Pelley Law Office LLP | Jun 15, 2015 | Debt Relief
Texas residents may be aware that several for-profit colleges have been criticized for burdening their students with excessive debt. The debt issue along with poor graduation rates and limited job prospects for students who do manage to graduate led to a government...
Managing debt as a senior
On Behalf of Pelley Law Office LLP | Jun 1, 2015 | Debt Relief
Older Texas residents who are struggling with debt may be interested to know there are a number of strategies they can use to reduce those obligations. First, it is necessary for people to understand their finances. Looking at cash flow might reveal places where...
Texas student loan borrowers may be scam victims
On Behalf of Pelley Law Office LLP | May 19, 2015 | Debt Relief
The attorney general of Illinois has sued five companies that it claims broke state law when it demanded upfront fees in exchange for assistance with student loan repayment problems. The companies named in the lawsuit reportedly asked for as much as $1,250 to provide...
Options to eliminate debt and stop creditor harassment
On Behalf of Pelley Law Office LLP | Apr 8, 2015 | Debt Relief
Texas residents who are struggling to pay off their debts may be interested in some of the options available to eliminate debt. Depending on a person's situation, any of these options may be the key to ending creditor harassment. One method to eliminate debt is to...
Bankruptcy Provides Leverage In Dealing With Creditors
On Behalf of Pelley Law Office LLP | Apr 6, 2015 | Debt Relief
Difficult debt situations can become overwhelming in the blink of an eye. Many people who are facing difficult debt have been fighting for a long time to keep their heads above water only to have some unfortunate event push them over the edge and into a situation...
Collection agency pursuit of unverified debt
On Behalf of Pelley Law Office LLP | Mar 30, 2015 | Debt Relief
As Texas residents may know, debtors who suffered through the recent financial crisis may be seeing the prospect of increased opportunity in the job market. This relief may be coupled with the burden debtors face due to debt collection activities. In New York, the...