Law Office of Michael S. Lazaroff

09/24/2026

https://tcf.org/content/report/interest-nation-the-state-of-americas-credit-card-debt-crisis/?fbclid=IwdGRjcAUiedRjbGNrBSJ5zmV4dG4DYWVtAjExAHBkb2YBc3J0YwZhcHBfaWQMMzUwNjg1NTMxNzI4AAEeL93Tn8Ux8_1pFg5t831vNCwHHDjj4yAq9hvPbkvw1tMIdhe5PgeqHzxBKww_aem_blOHI-Bdu2-MzdbsIazQpA

As families across the country struggle to make ends meet amid a growing affordability crisis, households are increasingly turning to high-cost debt as

09/10/2026

If PA has suspended your drivers license due to unpaid accident judgments or turnpike tolls, we can help. Call us 724-352-4905.

The state of South Dakota suspends an average of 249 driver’s licenses a month to collect debt owed to state agencies.

08/29/2026

As more families struggle with high living costs and mounting credit card debt, bankruptcy attorneys and credit counselors say consumers should understand their options before their finances reach …

08/28/2026

Debt settlement companies are a SCAM. They do NOT do what they claim to do. If you sign up with one, you actually greatly INCREASE the chance you will be sued by a credit card company or debt buyer. Need a solution that works? Call us!

A new TransUnion (NYSE: TRU) analysis found that financially distressed consumers who enroll in third-party debt settlement programs may experience greater credit score declines than consumers who file for bankruptcy. The analysis also found that nearly half of debt settlement enrollees were current...

08/24/2026

Do NOT trade unsecured debt for secured debt! EVER! This is almost always a very bad financial move. Debt issues? Call us!

If you’re borrowing against the equity in your home to cover recurring essential expenses, it could create a risky proposition where you ultimately lose your home.

08/16/2026

Don't let debt, debt collectors, and threats of court action control your life. Call us!

New delinquencies have largely stabilized after a big spike a couple of years ago, but lots of people are still carrying around old credit card debt they fell behind on.

07/29/2026

We can get you out of debt and give you your life back. Don't fall for the deceptive ads from so-called "debt settlement" or "debt relief" companies. MOST ARE SCAMS THAT WILL NOT REALLY HELP. Call us for the straight story and for real help! 724-352-4905.

07/17/2026

From the Wall Street Journal. Filings are up significantly in PA also. If you are served with a debt collection lawsuit - whether from a magisterial district court or Common Pleas court - do NOT ignore it! Bad things happen if you do. Call us!

02/05/2026

https://www.businessinsider.com/student-loan-borrowers-bankruptcy-more-success-discharging-debt-new-guidance-2026-2?utm_source=copy-link&utm_medium=referral&utm_content=topbar

Biden's reforms to the bankruptcy process for student-loan borrowers are working. The main issue: not enough people know about it.

01/16/2026

You don't have to live with high debt. Thete are solutions. Call us!

The US household debt burden has almost never been this large:

US household total debt service is up to 30% of gross disposable national income, the highest since at least 2008.

This means the average American household is now spending nearly 1 out of every 3 dollars they earn after taxes just to pay off debt.

This comes as household debt interest payments are up to ~10%, the highest in at least 18 years.

Furthermore, total US household debt surged +$197 billion in Q3 2025, to a record $18.6 trillion.

Meanwhile, principal amortization, or the portion of debt payments that goes toward paying down the actual loan balance, not interest, is up to ~18%, the highest since at least 2008.

The debt burden is squeezing consumer spending power.