West Covina
West Covina Office
100 North Barranca Suite 250
West Covina, CA 91791United States
Norwalk - Imperial Sq. Office Park
Norwalk – Imperial Sq. Office Park
12631 E. Imperial Highway Suite A-104
Santa Fe Springs, CA 90670United States
Los Angeles
Ontario - Ontario Exec. Center
Ontario – Ontario Exec. Center
3535 Inland Empire Blvd Suite 45
Ontario, CA 91764United States
A Closer Look at American Finances
Submitted by Erik ClarkUnemployment is extremely low right now and incomes are rising, so you would think that Americans would be living the high life. But the fact is that most of us are struggling. How is this possible? A November 2018 study released by the Center for Financial Services Innovation (CFSI) found that 17% of Americans are financially […]
Check Your Credit Report and Improve Your Quality of Life
Submitted by Barry BorowitzWe all know we should check our credit scores at least once a year just like we should go to the dentist regularly. But for some of us, even the thought of checking our credit scores and reading our credit reports brings on a stomachache. Ignoring your credit score can have a vast and lasting […]
How Can an Inheritance Affect My Chapter 7 Bankruptcy?
Submitted by Erik ClarkThe saying “timing is everything” applies to many things in life, and that includes how bankruptcy can affect your inheritance in California. If you received an inheritance before filing for a Chapter 7 bankruptcy, it can become part of your bankruptcy estate just like any of your property unless you can protect it with a […]
Five Tips to Climbing Out from Under Credit Card Debt
Submitted by Barry BorowitzWe are a country that is drowning in credit card debt. Credit card balances in the United States totaled $420.22 billion in late 2018. The average American household with credit card debt has approximately $6,9291 in revolving balances, which are balances carried from one month to the next. It can seem impossible to get out from under […]
This Holiday Season, Give Your Children the Gift of Good Financial Habits
Submitted by Barry BorowitzDuring the 2018 holiday season, consumers expect to spend more than $1,000 on gifts, holiday food and decorations, and non-gift purchases (e.g., Black Friday deals), according to the National Retail Federation. With so much spending expected during the coming months, now would be an excellent opportunity for teaching your children good financial habits. To help […]
What is Bankruptcy Fraud? The Importance of Being Honest
Submitted by Erik ClarkBetween July 1, 2017 and June 30, 2018, more than 750,000 Americans filed for bankruptcy under Chapter 7 or Chapter 13 for nonbusiness debts, including nearly 65,000 here in California. Almost all of those people are honest hardworking Americans, and for them the bankruptcy process represents a welcome reprieve from overwhelming debt and overbearing debt […]
Big Banks Are Jumping Back Into the Payday Loan Market
Submitted by Barry BorowitzIn late September, the New York Times ran a story about how major banks in the U.S. are beginning to offer “an alternative to payday loans.” The Times focuses on a new offering from U.S. Bank, which the bank has branded “Simple Loans.” As with payday loans generally, U.S. Bank’s Simple Loans are designed to […]
Saving Money in L.A.: Planning Your Next Vacation
Submitted by Barry BorowitzVacations are supposed to be a time to relax, to escape the worries of everyday life and just enjoy yourself. Unfortunately, vacations also cost money—so much so that three out of every four Americans have taken on an average of $1,100 in debt to pay for a vacation, according to a survey conducted by LearnVest […]
Bitcoin and Bankruptcy: What You Need to Know
Submitted by Erik ClarkIn 2009, a person (or group—no one’s quite sure) using the name Satoshi Nakamoto launched Bitcoin, a new digital currency. Early on, the value of bitcoin was so low that one person paid 10,000 bitcoins to purchase pizza from Papa John’s. By December 2017, the price of each bitcoin had increased to nearly $20,000, and […]
How Much Money Will You Need in Retirement?
Submitted by Barry BorowitzAccording to research published earlier this year by Northwestern Mutual, we Americans are not very good at saving for retirement. In fact, the research found the following startling facts about Americans’ retirement savings: One in five Americans have no retirement savings; One in three Baby Boomers have less than $25,000 saved; and 78% of us […]