The Huggins Law Firm, PA
Call to Schedule a Free Consultation
Columbia 803-764-1558 Charleston 843-509-0039

June 2017 Archives

College students, loans and credit card debt

South Carolina college students may be carrying more debt than previous generations, but they may also be more careful with their debt load. Around the country, members of the class of 2016 had an average student loan debt of $37,172. Overdraft fees and late payment fees for credit cards are also costing students.

Fed rate hike could cause credit card debt to spike

For many people in South Carolina and across the United States struggling with credit card debt, a new action by the Federal Reserve may see their monthly payments growing even more expensive than they already are. The Federal Reserve Bank announced that it is hiking its federal funds interest rate on June 14.

Medical bills overwhelm many with high insurance deductibles

People in South Carolina with high deductible health insurance coverage often struggle to pay medical bills. Those with chronic conditions that force them to meet their deductibles every year especially face financial hardship. The National Center for Health Statistics from the Centers for Disease Control and Prevention defines such a plan as having a deductible of at least $1,300 for an individual and $2,600 for a family.

Court rules in favor of debtors in plan modification case

A May bankruptcy court ruling may make it easier for South Carolina residents to get a better handle on their own debt. According to the U.S. Bankruptcy Court for the Western District of Arkansas, a couple was allowed to surrender their vehicle to their creditor and convert the unpaid balance to an unsecured debt. This was despite the fact that their Chapter 13 bankruptcy plan had already been confirmed.

The Huggins Law Firm, PA

Columbia Office
1812 Lincoln Street
Suite 201
Columbia, SC 29201

Phone: 803-764-1558
Fax: 803-764-1563
Columbia Bankruptcy Office

Columbia Office

Charleston Office
925-D Wappoo Road
Charleston, SC 29407

Phone: 843-509-0039
Fax: 866-481-2325
Map & Directions

Charleston Office