Category Archives: Debt
Know Your Rights When Your Vehicle Is Being Repossessed
If you fail to make car payments or default your loan, you could risk having your car repossessed by your lender. If you fear repossession of your car or your lender already repossessed your vehicle, it is important that you understand your rights. When Is Car Repossession Allowed? If you failed to make car… Read More »
How to Have a Budget-Friendly Valentine’s Day
With Valentine’s Day just around the corner, it’s time to start brainstorming gift ideas for that special someone. Unfortunately, Valentine’s Day often becomes a stressful holiday for many couples. There is a big misconception that you need to purchase expensive gifts, like jewelry or a fancy dinner. However, with a little creativity and the… Read More »
CFPB Proposes 3 Rules That Could Change the Payday Loan World
Anyone who has ever had to use a payday advance knows that these short-term loans could have long-term implications. With sky-high interest rates (around 390% on average), one loan could spell years of repayments – essentially leaving a borrower already living paycheck-to-paycheck in an endless cycle of debt that is incredibly difficult to escape…. Read More »
Government to Forgive Student Loans of 400,000 Disabled People
The government has already begun sending letters to nearly 400,000 eligible people with permanent disabilities, informing them of the steps they can take to discharge their student loan debt. The letter campaign, which began yesterday and will continue over the next 16 weeks, included 387,000 people who have been identified as having permanent disability… Read More »
Is an IRS Tax Settlement Right for Me?
If you are struggling with old tax debt, you may be eligible for an IRS tax settlement, also called an “offer in compromise.” Through this process, which is similar to a credit card settlement, taxpayers who are unable to pay what they owe can settle by paying a fraction of that amount. An attorney… Read More »
Survey Shows 2 out of 3 Americans Unable to Handle a $500 Surprise Bill
While our nation’s economy has largely bounced back from the last recession, the majority of Americans are still living paycheck to paycheck and are struggling to save money for emergencies. An eye-opening study published by Bankrate.com has revealed that roughly 63 percent of Americans are one unexpected bill away from a major financial disaster…. Read More »