When Do Nasty Credit Calls Become Unlawfully Abusive?

If you’ve fallen behind in your bills, you’ve probably heard from your creditors. First, they send a notice through the mail, but if you don’t respond, you may get a phone call. Or two. Or hundreds. When the calls start, you’re probably embarrassed and apologetic. But then the calls continue. And the caller becomes nasty.... Read More »

Can a Bank Actually Garnish Your Paycheck?

If you’ve gotten behind on your credit card payments, you’ve got to be frustrated about the high late fees and the increased interest rate your bank has hit you with. But that may not be the worst of your troubles. Did you know that your bank could go straight to your employer and force them... Read More »

Robert Semrad Provides 3 Tips to Understanding Your Debt Relief Options

Debt relief is something that is on the minds of thousands of Americans. This is even apparent several years following the 2008 economic crisis. People lost their savings, their retirement funds, their homes, and everything they had worked for prior to the crash, and the recovery is still very much apparent. Furthermore, because of the... Read More »

How Payday Lenders Thrive Off Your Misery

Since the housing crisis of 2008, the term “predatory lending” has become very familiar to American consumers. A predatory lender is someone who exploits consumers’ financial difficulties to trap them into loans that benefit the lender much more than the borrower. The telltale signs of a predatory loan are easy qualification standards and ultra-high interest... Read More »

Teaching Kids About Math Not Money is the Key to Keeping Them Out of Debt

Much has been made following the last economic recession about how to educate consumers and prepare them to avoid debt. More than 43 states have mandated some form of financial readiness courses at the high school level, and efforts are being made to increase that number. However, studies suggest it’s not money skills that prepare... Read More »

How Credit Counselors Advocate for Banks

If you’ve accumulated a lot of credit card debt, you’ve probably had occasion to speak to your bank about it. Perhaps you asked them to forgive a late fee, or questioned why they raised your interest rate so impossibly high that you will never be able to pay off your balance. If you’ve had these... Read More »

How “Debt Resolution” Can Get You Deeper into Debt

You may have seen ads or received direct mail from a “debt resolution” service promising they can settle your credit card debt for a fraction of what you owe. That may sound like just the solution you need, until you discover how they intend to do it. They want you to challenge the banks to... Read More »