The shenanigans of one of the leading credit card arbitration companies have embarrassed the credit card issuers and looks as if it will cause most of them to cancel arbitration contracts.
Credit card issuers started setting …
It is illegal for creditors to seize or attach your payments from social security, disability, veterans or children’s’ survivor benefits. However, if you have the money wired to your bank and deposited automatically, as so …
Relying on consumer expert Harvard Professor Elizabeth Warren, who says that credit card issuers have put the loan sharks out of business, NBC’s Dateline used hidden cameras to expose illegal and fraudulent practices of debt …
If you have read anything on this site about companies that tell you they can help you reduce your debts, help you get out of debt, or help you fix your credit, you know we …
If the amount you owe a creditor is low (certainly if it is under $1,000), and it is way past due, the best thing for you to do could be to …
Your credit card agreement probably contains an arbitration clause forcing you to take any disputes to arbitration before going to court. It sounds like a good idea, but as CNN reports consumers lose almost 100% …
Hospitals are getting more aggressive about collecting debt. First they tried sending their debts to collection agencies. Then some tried actually suing debtors. Now they are taking debt that they cannot collect and …
Cousins to paycheck loans, so-called “car title loans” are short term high interest loans secured by the title to your paid off used car. They are available in about half the states (sometimes unregulated), …
The Wall Street Journal reports on a new collection “procedure” created by large retailers as their losses from shoplifting go through the roof. All 50 states have passed laws allowing retailers to take shoplifters …
Federal law forbids attachment of your social security check, and if a lender takes you to court for money you owe, the court will not count your social security check in figuring out how much …