Originally published in the Money Advisor section of the New York Times, here. Submitted by New Jersey Bankruptcy Attorney, Lee Perlman It has been nearly four years since rules went into effect to help clarify when banks may charge you penalties if you overdraw your checking account using your debit card. But many people remain […]
It’s Official: The Boomerang Kids Won’t Leave
By ADAM DAVIDSONJUNE 20, 2014 Adrianne Smith, 28, graduated from the University of Central Florida in 2008 and went to work as a behavioral analyst treating children on the autism spectrum. She was quickly making more than $60,000 a year, but in order to earn that money, “I had a huge caseload,” she said, handling […]
Bank Account Screening Tool Is Scrutinized as Excessive
By JESSICA SILVER-GREENBERG and MICHAEL CORKERY June 15, 2014 9:00 pm Originally published in the New York Times. Jake Naughton/The New York TimesCharlette Williams in Queens found that records of past bank overdrafts prevented her from opening a new account. In her early college years, when Charlette Williams started routinely mismanaging her finances and pushing […]
High Cost to Focusing on Student Loans Over Saving
This week, President Obama ordered changes to the federal student loan program that could help millions of borrowers make their payments more affordable starting in December 2015. In a short speech in which he used the word “outrage” twice, he noted that he and his wife, Michelle, paid off their own student loan debt only […]
Young and in Debt in New York City
Student Loans Make it Hard to Rent or Buy a Home Photo Tierney Cooke and Oliver have at last found a place to live in Bedford-Stuyvesant, Brooklyn. Both student debt and the dog have hampered her housing searches in New York. Credit Karsten Moran for The New York Times For young people, moving to New […]
How to Protect Your Credit When You Marry Into Debt
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. Originally published here. So you’ve got your financial act together, but your soon-to-be-spouse doesn’t. You love your partner, but you’ve worked hard to get your finances in order, and you don’t want to be responsible for their past mistakes. Here’s how you can protect yourself from […]
Alternatives to Foreclosure in New Jersey
Given the current climate of the housing market in New Jersey many homeowners are finding themselves with mortgages far greater than the current fair market value of their property. Many of these homeowners are unable to get out from under the water and soon find themselves facing the very real possibility of foreclosure once they […]
Class Field Trip Stops at a Local Pawnshop
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. READING, Ohio — The last time Brian Page had to file the paperwork to evict a tenant from a rental property he and his wife own, he noticed all the check-cashing services and pawn shops on his drive home from the courthouse. A clerk tipped him […]
Is It Better to Buy or Rent?
Submitted by Lee M Perlman, New Jersey Bankruptcy Attorney. Originally published in the New York Times. The choice between buying a home and renting one is among the biggest financial decisions that many adults make. But the costs of buying are more varied and complicated than for renting, making it hard to tell which is […]
Foreclosures May be Driving the Rise in Suicides
Submitted by New Jersey Foreclosure attorney Lee M Perlman. Originally published in the Washington Post by Emily Badger (Marcio Jose Sanchez/AP) The foreclosure crisis increasingly looks like a public health crisis, too. Researchers have connected foreclosures to depression, stress-related illnesses and spikes in emergency room visits. Last week, The Washington Post’s Dina elBoghdaddy wrote that […]
