Multiple Locations To Serve You Better
The Rollins Law Firm
schedule your free initial consultation today
601-500-7122Local
800-395-5645Toll-Free

DEDICATED BANKRUPTCY AND FAMILY LAW REPRESENTATION

In life, circumstances arise that we cannot avoid - struggling with a mounting debt, stopping a foreclosure or garnishment, problems with your marriage or battle over child custody, support or visitation. These situations can have a profound effect on our lives. During these difficult times, you need someone by your side who can care effectively for your legal needs as well as providing you with personal service to best provide support for you during these incredibly personal and private crises.

Meet Our Attorneys

Ridgeland Bankruptcy Law Blog

A bad credit score can lead to higher auto insurance costs

Most people know that having bad credit can be very detrimental. However, many may not fully realize how wide of a range of things having a bad credit score can end up impacting for a person. Bad credit can not only affect a person's ability to get a loan or lease, but also can have negative implications when it comes to things that a person might not see as being that connected to credit.

One such thing is auto insurance. A person's credit score is one of the many things auto insurance companies sometimes use in calculating what sort of insurance premium they are going to charge a person.

Loan forgiveness may be possible for students who were misled

Student loans are a growing problem throughout Mississippi and the rest of the United States. While many people sought higher education with the promise of a higher income, some have discovered that their student loans have only saddled them with unmanageable debt.

Making matters worse is the fact that student loan debt is usually not dischargeable in bankruptcy. As we discussed in this past post, it is necessary to prove that student loan debt presents an "undue hardship" in order for it to be forgiven in bankruptcy, and that is typically not an easy burden to meet.

Home rental prices spike in Jackson

One thing home renters dread is their rent going up. Up is exactly the direction rents have been going in the U.S. as of recent.

Recently, Zillow released statistics on home rental prices in the U.S. for May of this year. According to the statistics, the nation saw a seasonally adjusted 4.3 percent increase in such prices this May as compared to the previous May.

We Can Help You Get Back On Track After Bankruptcy

One of the most common fears people in Mississippi have about bankruptcy is how it will impact their future. In other words, what happens after the paperwork is filed and your plan is approved? Do you get to start over completely, or will you feel the effects of bankruptcy for a while?

The truth is that bankruptcy can stay with you for several years, depending on whether you file for Chapter 7 or Chapter 13. At The Rollins Law Firm, we can help you determine which type is best for you and help you understand how it could affect you in the future.

Taking a summer vacation without racking up debt

With school out and good weather in most areas of the country, many Mississippi residents use the summer months as a time for travel. However, if you aren’t careful, your summer vacation can cause you to rack up some serious debt.

As USA TODAY reported recently, nearly 50 percent of Americans say that they depend on credit cards to fund their vacations when they don’t have enough saved. Additionally, many people tend to go over their budget on vacations, resulting in even more debt.

Foreclosures nationally: We're clearly not out of the woods yet

Although a number of years have passed since the onset of the so-called Great Recession, many Americans across the country continue to struggle in a number of areas.

One lingering -- some might say seemingly intractable -- concern is with the nation's housing market, where individuals and families in many areas of the nation continue to experience adverse fallout. Mississippians are certainly not exempt from continuing challenges.

Study: After Chapter 13, debtors' annual earnings increased

Have you ever wondered why we allow bankruptcy? As a policy matter, there are a number of reasons, including the fact that society had come to realize that debtors' prison not only persecuted debtors but also kept them from being able to repay their debts. Another important consideration, however, is that debt can actually make it a lot harder to make a living. People with low credit scores pay more to borrow needed money, of course, but they may also face employment consequences.

We can see the negative effects of unmanageable debt in ordinary life, but until now it has been hard to demonstrate that bankruptcy really helps people. We know that many people file bankruptcy and go on to thrive financially, but do others just get into trouble with debt over and over? How could we know whether any individual bankruptcy was the turning point in someone's life?

When a car cuts out before the loan on it is paid off

For many people, their car is their primary mode of transportation and the main way they get to their work. Thus, it can be quite disheartening and problematic when a person is no longer able to use their car. Many things can lead to a person no longer being able to use their car, such as: their car requiring overly expensive repairs to return to operation, their car suffering critical damage in a car accident or their car developing unfixable mechanical problems.

One's car going out of operation can be tough on a person in any sort of circumstance. However, there are certain complications that can potentially make such a situation even more difficult for an individual. One such complication is if they still hold loan debt on the now-nonoperational vehicle. This can happen when a vehicle goes out of operation before the loan term of the vehicle is up. Given that longer-term auto loans have been growing in prevalence recently, one wonders if still owing money on a vehicle that is no longer operational will be a situation that more and more people will find themselves in in the future. 

Mortgage debt and seniors

Having high debt can pose some serious challenges for elderly individuals. 

One such challenge is that having high debt can be a big drain on a senior's retirement savings. Such a drain could:

  • Increase an elderly individual's likelihood of facing having their retirement savings run out.
  • Leave an elderly individual particularly vulnerable to facing serious financial problems if medical problems or other sources of unexpected costs arise. 
  • Cause a senior to have to continue working well into their retirement years. 

Credit card delinquency rate up significantly in Mississippi

A recent report indicates that Mississippians might be having a particularly rough time when it comes to credit card debt. The report is on credit card delinquency rates in the U.S. in the first quarter of 2015. In relation to these rates, credit card delinquency is when a credit card borrower is at least 90 days behind on their general-purpose credit card payments.

The report indicates a couple of rather discouraging things when it comes to Mississippi.

Resources

Multiple Locations To Serve You Better

Ridgeland Office
774 Avery Boulevard North, Suite B
Ridgeland, MS 39157

Toll Free: 800-395-5645
Phone: 601-500-7122
Fax: 601-500-5296
Ridgeland Law Office Map

Hattiesburg Office
307 W Pine St
Hattiesburg, MS 39401

Toll Free: 800-395-5645
Phone: 601-500-7122
Fax: 601-500-5296
Map & Directions

Vicksburg Office
913 Crawford St
Vicksburg, MS 39180

Toll Free: 800-395-5645
Phone: 601-500-7122
Fax: 601-500-5296
Map & Directions

Meridian Office
2121 5th Street, Suite 304G
Meridian, MS 39301

Toll Free: 800-395-5645
Phone: 228-241-1066
Fax: 601-500-5296
Meridian Law Office Map

Gulfport Office
1323 28th Avenue
Gulfport, MS 39501

Toll Free: 800-395-5645
Phone: 228-241-1066
Fax: 601-500-5296
Map & Directions