Are you ready to get your debt under control for the new year? Tired of dealing with creditor harassment? While many people are thinking about what kind of resolutions they will be making for next year, one of the best things you can do for yourself is get your finances in order.
It's hard to gauge how this holiday season is going to go in terms of the economy. On the one hand, the season is being pushed earlier than ever with some stores being open on Thanksgiving Day. Consumer website founder Julia Scott puts it this way. “People aren’t waiting for their Thanksgiving turkey to be digested to start shopping this year." At least that's the hope of retailers.
There is no question that the protection that filing for bankruptcy provides comes with some sort of price. This might be off-putting for some individuals who think their circumstances are so dire that the debt relief they seek is beyond their reach.
Back in April we wrote about data from the Census Bureau that indicated that America's seniors are taking on more debt than any other generational demographic. The concern expressed at that time was that the ratio of debt to savings, especially for those in the older age bracket, is so skewed to the debt side of things that it threatens to erode the standard of living for the group in its retirement years.