Entries by Scott Bell

10 Signs it’s Time to File Bankruptcy

Filing for bankruptcy can be a difficult decision, but it may be necessary for those who are unable to pay their bills and are facing financial hardship. Here are ten signs that it may be time to file bankruptcy: Collection actions or lawsuits from creditors: If you are receiving calls and letters from creditors, or […]

How Can a Bankruptcy Help Me?

If you’re struggling with debt and financial difficulties, bankruptcy may be a solution worth considering. While it’s not an easy decision to make, bankruptcy can provide a fresh start and help you get out of debt. Here’s how bankruptcy can help you: Debt relief: Bankruptcy can provide relief from overwhelming debt by discharging certain debts, […]

Should You Hire an Attorney For Your Bankruptcy?

If you’re considering bankruptcy as a solution to your financial struggles, you may be wondering if you need to hire an attorney. While it’s not legally required to have an attorney when filing for bankruptcy, it can be a good idea to have one on your side. Here are a few reasons why: Expertise: Bankruptcy […]

How to Rebuild Your Credit After Bankruptcy

If you’ve recently filed for bankruptcy, you may be wondering how you’ll ever be able to rebuild your credit. Trust me, I understand how overwhelming and stressful this process can be. But the good news is, it is possible to rebuild your credit after bankruptcy. It just takes a little time and effort. Here are […]

Some Common Myths About Bankruptcy

If you’re considering bankruptcy as a solution to your financial struggles, you may have heard a lot of myths and misconceptions about the process. It’s important to get all the facts straight before making any decisions, so I’m here to bust some of the top myths about bankruptcy. Myth #1: Bankruptcy will ruin your credit […]

How Much Will Higher Mortgage Rates Increase Your Payment?

With mortgage interest rates skyrocketing, how much will higher mortgage rates increase your payment? I was thinking about this and decided to do some math specific to Bakersfield to get a real sense of how those of us local to Bakersfield are affected by the jump in interest rates. As of today, the median home […]

70% of Americans Are Using Their Savings to Cover Expenses

According to a recent Forbes Advisor survey, 70% of Americans are using their savings to cover expenses. With inflation hitting a 40 year high, people are less able to pay their monthly expenses, forcing over 2/3 of Americans to resort to using their savings that they had built upon during the pandemic. As to how […]

Higher Inflation Means Americans are Racking Up Debt

I have talked before about inflation being at a 40 year high here, and I’ve talked about how that is affecting people’s finances here and here. More evidence of the increasing financial struggles of Americans has been published by USA Today, which is reporting that American are racking up debt to pay for necessary items like […]

Emergency Savings Impacted by Higher Inflation

CNBC is reporting that with inflation on the rise to 40 year levels, consumers are feeling the pinch and starting to reduce the amount of their emergency savings. This makes sense as day-to-day expenses rise with inflation, something has to get cut. It’s looking more and more like “discretionary expenses” like cable, and travel are taking […]

Consumers Cutting Cable In Order to Save Money

Yahoo Finance is reporting today that more Americans are cutting cable in order to save money. In fact, it’s reported that 3.2 million cable subscribers have cancelled their cable tv plans in the first quarter of 2022. With inflation at a 40 year high, it’s not surprising that family budgets are being severely squeezed, and […]