Law Office of Michael S. Lazaroff

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.

01/16/2026

This the big Switch
Let's talk about the money no one taught us to manage

Many people are trapped in credit chains — instant gratification, lifestyle financing, and unplanned debt. Credit is often used to feel ahead, but it slowly locks income, freedom, and future growth.

Debt doesn’t start as pain, it starts as convenience. When lifestyle grows faster than discipline, credit quietly becomes a permanent partner. Money comes in… and leaves before anything meaningful is built.

Separate money by purpose. Control lifestyle, not income. Use credit only to build or protect your future — never to impress or survive. Break the chain by choosing discipline over pressure.
Your thoughts 💭 please

01/16/2026

Read more:

WalletHub collected data from the end of 2025 and ranked the states with the most and least debt collection accounts.

01/13/2026

https://nl.nytimes.com/f/newsletter/J1-_4BLYgajeVPkpTyDLBg~~/AAAAARA~/03grQ2uzRSxXDz26jJKYvgrDHa-A9Y7vdv9cRV66dp-MXIbHB-FyuuM7qCHV7YPTw4KljTS6Wjxdm_RgayoTXHnSCZjaXcw2yDBQEMNUzGyq4XWUwdtUC5qbBp-Xc4v43IunJN7_pkO0hxJmPgYZ6pzgG40W9TgsVUNy8eg8PoLOMSeYmw9ptbV3gqy1DlwrzbW33Lmvb5x2VkcrrGT6IlY8NhrFi59d0TnbfNXpvf0GPPixN5Sq4VszRchyjFY565taJ9Eptoy85hnapnrmkf0XdS_7mLaZ94ljKWqAZnYkJ6aqlRX1Gta7YqyG1n9eTQqcQ__KUszDL4fLGW-hjWAIrN5AeUlwzTs6ZwzgyF7cuCykct3mcdDqHfY8af14

A new study suggests that distressed borrowers using a simpler bankruptcy process are succeeding — and that more people like them should try.

01/05/2026

Don't struggle with debt. There are solutions! Call us. 724-352-4905.