How to Protect Yourself from Dangerous Collection Scams: When facing financial difficulties, the last thing you need is to fall victim to dangerous collection scams. Unfortunately, scammers prey on vulnerable individuals and the elderly, attempting to exploit their...
Creditor Harassment
Debt management tips for seniors
ABC 7 offered some tips for senior citizens who may be struggling with debts as they reach retirement age. In this situation, you may want to consider the following ways to decrease stress over your finances:Identify all expenses and create a workable...
Ex Baywatch star sells her house to pay debt
Ex Baywatch actress Nicole Eggert recently sold her luxurious Los Angeles home to pay off hundreds of thousands of dollars of debt, an article of Realty Today stated on April 28. The 43-year-old who played the role of “Summer Quinn” in the 90s TV series reportedly...
Many Americans remain plagued by serious credit card debt
According to a new survey, many American families are still affected by overwhelming credit card debt, although the number is decreasing, an April 10 article of KOMO News stated.In the survey conducted by the National Foundation for Credit Counseling (NFCC),...
Senator proposes alternative to payday loans
In a proposed bill, U.S. Senator Sherrod Brown suggested allowing families to withdraw money they would have received on their tax return, thereby allowing them to avoid the high interest of predatory payday loans, 1370 WSPD reported on January 19.According to the...
Agency reports that payday loans can be financially destructive
A recent federal report indicates that many of the people that borrow payday loans are often trapped into debt because of the loans’ high interest rates.The report released by the U.S. Consumer Financial Protection Bureau showed that more than 80% of short-term loan...