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Experts say stagnant wages and large retiree population lead to higher rates in the South The Urban Institute, a Washington-based think tank, has released a report showing that a shockingly high percentage of Americans are struggling to pay off debts. The report found that over a third of Americans with credit files currently have a debt that is in collections, according to … [Read more...] about Kentucky has one of the highest rates of delinquent debt in the country

As observed on the Bankrate website, filing for bankruptcy is analogous to opening a safety valve when the pressure from one's financial debts has become overwhelming. Most people who file for bankruptcy seeking debt relief have been "fighting financial problems for at least two to three years." Unfortunately, those attempting to make ends meet in the face of insurmountable … [Read more...] about Some financial institutions now offer second-chance checking accounts