In recent times, the United States has witnessed a significant uptick in car repossessions, with a 20.4% increase nationwide, as reported by Cox Automotive. This surge indicates a concerning trend, underscoring the necessity for consumers to make informed and prudent financial decisions, especially when it comes to auto loans.

Retail credit cards, once a shopper’s delight, have turned into a financial predicament. Bankrate’s latest retail card survey reveals that in 2023, the average annual percentage rate (APR) on these cards has reached an all-time high of 28.93%, up from 26.72% in 2022. This figure significantly surpasses the overall

Filing for Chapter 7 Bankruptcy might seem like a direct route to wiping out unmanageable debts, but not everyone qualifies for this financial “fresh start.” The legal requirements can be stringent, and many individuals find themselves looking for alternatives. At McCarthy Law PLC, we provide a solution for those

In a recent article, the complex world of student tuition was explored, shedding light on how colleges deliberately inflate tuition levels to create an illusion of prestige. This approach, while seemingly making higher education accessible to average American families, masks a growing concern – the national student loan debt

As the cost of living continues to soar, more and more individuals are finding it challenging to meet their financial obligations, including repaying loans. When borrowers fail to meet their loan obligations, it can lead to severe consequences, including legal actions from lenders. This blog discusses the repercussions of

At McCarthy Law, we prioritize offering our clients strategic knowledge in order to help them manage their debt. In this article, we will review the concept of "strategic default" and what it means to default on your loans. We will explore what strategic default entails and how it can be…

The end of the U.S. Department of Education's COVID-19 relief for student loans is on the horizon, and for many borrowers, it's time to prepare for the resumption of payments and interest. This blog will guide you through the necessary steps to ensure a smooth transition back into the world…

Student loan debt can often feel like an unyielding weight, especially when it comes to private student loans with high interest rates and inflexible repayment terms. The good news is that there's hope for borrowers facing this uphill battle. At McCarthy Law, we negotiate with private student loan creditors, a…

When it comes to financing higher education, student loans are often a necessary part of the equation. However, not all student loans are created equal. Understanding the differences between federal and private student loans is essential for making informed decisions about your education financing. In this blog, we'll break down…

When you’re dealing with an AMEX lawsuit, you need to know your rights and responsibilities. If you have been sued by American Express, you may be wondering what to do next. You may have received a settlement offer from them—or maybe not yet. Either way, it’s important to understand