If you’re in debt and worried about your assets becoming collateral for your ability to pay it off, the FDCPA is going to become your new shield as you go into deeper stages of debt collection. The Fair Debt Collection Practices Act was first put into place in 1977 as...
Being in debt is never a pleasant experience, it in fact, can be one of the most stressful experiences you may ever have. This can be made even worse you have to endure harassment from a debt collector. Unfortunately, many people endure the badgering and bullying of...
Bankruptcy and credit counseling are two of the most effective means of taming or eliminating debt that has resulted in insolvency. Insolvency occurs when income has fallen or debt has risen to the point that paying all essential bills and expenses has become...
Bankruptcy can and does affect anyone at any time. All it takes is debt that cannot be paid back based on your current assets and income. But there’s been a disturbing trend recently of Americans over 65 declaring bankruptcy at an increasing rate, compared to younger...
Debt is difficult. Declaring bankruptcy is even more difficult. But the common misconception is that bankruptcy is inherently a bad thing. It’s, in fact, designed to help you. While there’s a lot of shame that can go into the decision, bankruptcy is designed to give...
When it comes to your finances, how ‘literate’ do you feel? If you’re like most Americans today, probably not at all. Financial literacy is the catch-all term that describes educating oneself about finances and financial preparedness. Although financial literacy is...
