Dealing with creditors can be one of the most stressful times in a person's life. Creditors can be relentless, and for the debtor receiving numerous collection calls, threats or collection letters, life can be just short of a nightmare. It often takes a debtor getting...
Month: March 2018
Saddled with debt from a Parent PLUS loan?
Data from the Sallie Mae program indicates that a mere 48 percent of today's parents have savings earmarked for their children's college education. As a result, many find themselves needing to take loans out to pay, or supplement, the kids' tuition bills. Older...
Debt collector harrassment complaints continue
Debt collection is not illegal, but some of the methods used by debt collectors are. According the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB), in 2017, consumer complaints about debt collectors were in the thousands; CFPB took...
Bankruptcy and celebrities
Debt is not partial to any particular group of people. No matter where you come from or where you have been, you might find yourself in a financially poor situation. Seems the latest celebrity to join the ranks is Lisa Marie Presley, who once had claim to a $100...
Why Chapter 13 might be the bankruptcy option for you
If you are swimming in debt and unable to afford your monthly demands, Chapter 13 might be a good option for you. With Chapter 13 bankruptcy, your debt is reorganized to an affordable payment that is paid to a trustee. Chapter 13 is a way to bring debts current,...
