Category Archives: Debt Collection Abuse
Can Rewards Apps Like Catch Help You Get Out of Debt?
Small resolutions that you know you can keep are better than grand designs to overhaul your whole life, only to find yourself feeling like a failure when you were unable to meet the overly ambitious goals you set for yourself. It is very difficult to go from being a retail therapy enthusiast to adopting… Read More »
Higher Interest Rates Mean Additional Challenges to Paying Off Credit Card Debt
The good news is that inflation finally seems to be slowing down after a brutal year. Prices of most goods are still high enough to keep most families living paycheck to paycheck, even the ones with a six-figure annual household income, but the prices are finally starting to level off. The federal government has… Read More »
5 Ways to Leave Your Car Loan
Cars are bad for the environment, and walking or riding your bike to work is healthy. Your car reminds you of your ex. There are plenty of reasons that you might daydream about being free of your car, but the biggest one is probably money. The average car payment as of the spring of… Read More »
Freeing Up Funds for Debt Repayment on a Shoestring Budget?
Tough economic times have been going on for so long that it is hard to imagine anything else. Having to wonder every month if you can keep up with the minimum payments on your debts is incredibly stressful. There must be a way to break out of this cycle of debt, but where do… Read More »
Actions You Can Take to Stop Your Debts From Getting Bigger
You are not the only person who is struggling financially. You have already heard the statistic about how two thirds of Americans cannot afford a $400 emergency expense without using a credit card and how two thirds of households with annual income above $100,000 live paycheck to paycheck. An even starker sign of how… Read More »
What Counts as Debt Collector Harassment?
The worst part of your day is seeing email from debt collectors in your inbox or getting calls from numbers you don’t know, since you assume that it will be a creditor calling about a new debt or a new collection agency calling about an old debt. You avoid checking your physical mailbox for… Read More »
CFPB Asks Court to Order Debt Collection Company to Pay Penalties for Illegal Debt Collection Practices
The Consumer Financial Protection Bureau (CFPB) has the authority to seek court orders against companies that engage in unfair and illegal debt collection practices. The CFPB typically pursues legal action against debt collectors only after receiving numerous complaints from consumers who allege that the company attempted to collect debts they did not owe or… Read More »
Refinancing Auto Loans Is About More Than Getting A Lower Interest Rate
The conventional wisdom about refinancing loans is that it either leads to the rich getting richer or to the poor getting into an even more desperate financial situation. If your financial situation has improved since you took out the loan, then your new, shiny credit score qualifies you for a loan with a lower… Read More »
Consumer Financial Protection Bureau Orders Wells Fargo Bank To Pay Billions To Customers Whose Loans It Mismanaged
Almost everyone who can afford to own a house or a car has a home mortgage or a car loan. Most of us don’t read the fine print when we sign to take out these loans. It would seem that the lenders also do not always read the fine print, at least given the… Read More »
Fewer Surprises And Negative Remarks On Credit Reports, But Still A Mountain Of Medical Debt
When it comes to healthcare in the United States, good news is hard to find. Three years into the pandemic, Americans’ life expectancy has started getting lower for the first time in decades. COVID, gun violence, and drug overdoses are just some of the causes of untimely death. Of course, as long as you… Read More »
