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March 2018 Archives

Asset protection and bankruptcy

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 to their breaking point before they give in and file bankruptcy. If this is where you are, read on.

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.

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 about 85,000 complaints alone. Investigations into the complaints revealed numerous violations of the Fair Debt Collections Practices Act (FDCPA).

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.