Although residents in Hialeah and in Miami-Dade County are rejoicing at the end of the recession, there is an even larger crisis that can cause yet another economic plight. The United States and cities like Miami and Hialeah are facing a financial education crisis; it is increasingly difficult for us to understand the [...]
Radio Shack is best known as the neighborhood electronics store. For many years Radio Shack hailed at the top of electronic stores internationally having had locations as far as Australia, the UK, Canada, and currently Mexico. Radio Shack, the company, was founded in 1921 by Theodore and Milton Deutschmann in Boston, Massachusetts. In the 1960's the brothers and their [...]
In a recent study, Hialeah is considered one of the toughest cities to get a job in. For residents of Hialeah, this may not come as a surprise. The city has had a lot of growth over the years but it still has an unemployment rate of over 7%. Although that percentage may [...]
For many of us, the time has come for us to assist our parents with some day to day activities to help them lead more full and rich lives. One of the most common ways that we are asked to help is with managing their finances. Sometimes, they may come out and directly request the help [...]
"Despite an improving economy, nearly 90% of Americans surveyed by the American Psychological Association said the level of stress they are feeling about money has either remained the same or gotten worse in the last year, according to the group's annual Stress in America report." Almost 75% of the people surveyed by the American Psychological Association said [...]
We all know that our credit score is very important in the United States. One of the main concerns after filing for bankruptcy is reestablishing good credit again and improving your credit score. After years of failed payments and negative reports, your credit rating is at a less than stellar number than before. [...]
"In Miami-Dade, nearly 60 percent of families don't have the liquid assets – in bank, investment or retirement accounts – to sustain a financial emergency. In Broward, nearly 45 percent are liquid-asset poor, and in Palm Beach, it's nearly 39 percent, according to Family Assets Count, a project of the nonprofit Corporation for Enterprise Development." Daily, hundreds [...]
Back in 2013, the Southern District of Florida Bankruptcy Courts introduced the Loan Modification Mediation Program (LMM for short) to South Florida individuals. This program was available to those who filed before April 1, 2013 for 5 months and to anyone who filed after April 1, 2013 and qualified. The program's introduction caused [...]
According to a recent survey by TD Bank, almost half of the South Floridians who were asked are looking top save more and spend less in 2015. However, with looming credit card debt, high minimum payments and interest rates, it may prove to be more difficult that expected. Those individuals that are living [...]
"Identity thieves are stealing people's Social Security numbers and other key pieces of personal information in order to file a fraudulent tax return and claim a refund, the IRS warned Monday". Often times these thieves file the fraudulent tax return early on in the year in order to beat their victim to it. It takes about four [...]
