Category Archives: Credit Card

Bankruptcy And Divorce: Who Is Responsible For The Credit Cards?

After representing clients and filing bankruptcies for a good while, any Orlando bankruptcy lawyer, can share with you a sad truth: Filing bankruptcy and filing for divorce often go hand in hand. Bankruptcy lawyers help many individuals going through a divorce deal with their financial difficulties.

Bankruptcy and divorce are so intertwined, and the issue comes up so often with my clients, that I’ve decided to devote several articles to deal exclusively with this subject. In this article, I’ll discuss how filing bankruptcy and filing for divorce effects the credit card debt that each spouse may have.

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PPI Claims – The Background

The numerous cases of PPI claims in recent years have resulted in on heck of a hefty bill for the payment protection insurance industry. But why exactly are so many consumers now deciding to claim back money they’ve spent on PPI?

Well, let’s take a look at the actual product itself. Payment Protection Insurance, as you might guess from the name, is supposed to protect people taking out loans, credit cards or other similar financial products, in the event that, through no fault of their own (for example income cut through redundancy or illness) they are unable to meet their monthly repayments. You probably think that sounds like a great idea, right? Certainly – in theory it is.

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Try To Shrink Your Credit Card Debt Using 0 Balance Transfer Cards

The amount we all owe on credit cards is a hot issue now. You can find large numbers of people with big credit card debt allowed to develop when the monetary climate was both kind and accommodating.

The usual cause of problems repaying credit card debt is a poor awareness of the whole subject. Too many people viewed it as free of charge capital that you return over time. The discipline of saving for expensive items and living within your means was ignored.

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