Author Archives: Jay Butchko
Pennsylvania Homeowners Can Still Get Mortgage Assistance If They Are Still Struggling With The Fallout From the Pandemic
Amidst the turmoil, the pandemic brought glimpses of what life would be like if slightly more public funds were available to help struggling individuals and families afford necessities. Many states used federal funds to expand public benefit programs and offer rent relief. Several years later, millions of Americans continue to face economic uncertainty. In… Read More »
How To Borrow Money If You Can’t Qualify For A Personal Loan
One of the first signs that you are in serious financial trouble is that notices start arriving in the mail, offering you personal loans, claiming that you are pre-qualified for amounts approximately equal to half of your annual income. The cruel irony is that, if you try to apply for those loans, they will… Read More »
Borrowers Under 40 Are Experiencing An Increase In Delinquency On Car Loans And Credit Card Payments
Debt is a unifying factor for Americans, regardless of age and income level. The total debt burden of the United States population in the last quarter of 2022 was approximately $16.9 trillion, the highest it has been in history. In fact, household debt hit a record in the second quarter of 2020 and has… Read More »
What Happens To Your Personal Credit Score If Your Business Files For Bankruptcy?
Walking away from a business venture after you have invested so much hard work in it, but sometimes closing a company is the only way to stop the financial losses you have incurred from an unsuccessful business project from getting worse. Filing for bankruptcy protection can be an effective way to make a clean… Read More »
Are Car Loans The Next Economic Bubble?
It is easy for people who live in walkable neighborhoods where the real estate prices are astronomical to look down their noses at the 99 percent who spend money they don’t have on cars, but for most people, cars are not merely a status symbol. People depend on their cars for their commute to… Read More »
Montgomery County Electrician Accused Of Defrauding Dozens Of Customers In Six Pennsylvania Counties
The COVID-19 pandemic coincided with a business boom for home improvement contractors. People were stuck at home for months, and homeowners had time to notice all the things in their houses that needed repair; anything that was beyond the homeowner’s DIY skills resulted in a call to a contractor. Besides, during the lockdown of… Read More »
Is It Good News Or Bad News That Less Medical Debt Is Showing Up On Consumers’ Credit Reports?
Finally, a piece of good news about consumer finances after a yearslong onslaught of gloom and doom. More than half of American households have $400 or less in savings, which means that the only way they could afford an emergency expense in that amount is by borrowing money or charging it on a credit… Read More »
Does The Cash Diet Method Of Debt Repayment Really Work?
If you are no longer new to adulthood, it is hard not to smile when young people find out about the trends that were popular in their youth and think that they were the first to discover them. Most of the latest fads on social media aren’t new at all; they are just being… Read More »
Credit Counseling In Pennsylvania Bankruptcy Cases
If you have been struggling with debt for years, then filing for bankruptcy protection is a reasonable and admirable New Year’s resolution. Even though the court aims to make the process of filing for bankruptcy as accessible as possible, it is not as simple as submitting a form and instantly watching your debts disappear. … Read More »
Odometer Fraud Is On The Rise In Pennsylvania And Elsewhere
In certain parts of Miami, Los Angeles, and New York City, most of the people you see are considerably older than they look. Just as the phenomenon of people drinking from the artificial Fountain of Youth is concentrated in certain areas of the country, so is the phenomenon of vehicles lying about their age. … Read More »