H&R Block a usurious moneylender? That’s not the standard image for H&R Block or other major tax preparation agencies. However, part of their business does in fact involve making loans at what works out to be a rather high interest rate. Tax preparation agencies frequently make “Refund Anticipation Loans” or “Refund Anticipation Checks” to clients …
Refund Anticipation Loans and the Earned Income Tax Credit Read More »
You see them all over: Payday lenders. Are they legitimate? Should you be wary? Nasdaq ran a recent article about how the payday loan business is doing. And here are a few things you should know about them: 1. There’s not really any limit on interest rates offered by payday loan companies. That means that …
Foreclosure rescue scams are one of the notable side effects of the ongoing foreclosure crisis in New York and across the U.S.. Companies seem to spring up everywhere offering to assist you with your foreclosure problems and promising you that if you work with them you can avoid foreclosure. By and large, these are not …
You filed for bankruptcy in New York. You succeeded in getting a discharge. You’re in the clear. What happens next? If you’re not careful, you can end up right back in the situation that led to bankruptcy in the first place. Except that the law prohibits you from filing for bankruptcy again for another 8 …
In the bankruptcy world, there are a lot of terms with the word “debt” in it that tend to blur together for the average non-lawyer, such as: Debt relief agency Debt relief Debt settlement Debt consolidation While numbers 2, 3 and 4 are frequently heard in shady TV ads hawking services that sound too good …
A quarterly report from PropertyShark.com shows that overall the foreclosure rate for New York City dropped by 32% between the 4th quarter 2009 and the 4th quarter 2010 and fell by 26% between the 3rd quarter of 2010 and the 4th quarter of 2010. Notably, foreclosures in Queens accounted for 49% of all New York …
Bankruptcy and debt problems in New York and elsewhere affect not only average civilians but are also a particularly big problem for military personnel and their families. And now Elizabeth Warren, tasked with setting up the new Consumer Financial Protection Bureau (CFPB), is trying to do something about it. She recently invited Holly Petraeus (wife …
Elizabeth Warren focuses on military families with debt problems Read More »
As of January 22, if you file for bankruptcy in New York you will have the benefit of higher NY bankruptcy exemptions, thanks to a new bill signed into law by Governor David Patterson just before the New Year. What are some of the improvements? Home equity allowance increased from $50,000 to as high as …
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