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...
Debt Collection
DON’T LOSE YOUR HOME
How Birmingham Homeowners Can Protect Their Home from Foreclosure Birmingham homeowners often find it difficult to defend their home in a foreclosure procedure due to the fact that the state follows a “nonjudicial foreclosure” procedure. Struggling homeowners who want...
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...
Tuscaloosa people rallied to limit payday loan interest
Hundreds of people in Tuscaloosa flocked to Calvary Baptist Church on the night of August 11 to advocate for a limit on the interest rates of payday loans, The Tuscaloosa News reported.According to reports, more than 200 people showed up to...
Depression symptoms related to unsecured debt
According to a recent study, older people are likely to exhibit signs of depression if they are plagued with a certain amount of unsecured debt, a Newsday article stated on August 1.In the study conducted at Rutgers University, the researchers...
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...
Many people’s tax refunds will be used to pay off debts
With today being the last day to file taxes, many people are anxiously awaiting their tax refunds. However, for many, these tax refunds will go straight to paying off debt.One man in Gainesville reported that he will receive $8,000 in tax refunds, however, every penny...