Elizabeth Warren’s role as head of the Consumer Financial Protection Agency is shaping up to be the focus of a political battle. But it really shouldn’t be. If there was ever someone in D.C. who was actually looking out for the interests of the American people and the U.S. economy, and who actually had the …
Why Elizabeth Warren is the best consumer watchdog we could hope for Read More »
As we embark on the beginning of another crazy holiday season, it’s worth pausing to reflect on ways to keep our heads and wallets in check in order to avoid debt problems and bankruptcy in the New Year. Here are a few things to keep in mind as you fight your way through the crowds …
Some bankruptcy and debt collector stories seem a bit over the top. This one is way over the top. But it’s also a good example of the lengths that debt collectors will go to. An Erie, PA-based debt collection agency set up its office to look like a courtroom and held fake hearings. All in …
New Yorkers in search of debt relief often seek out debt settlement companies. As I’ve mentioned in previous posts, debt settlement companies should really be avoided and are not to be trusted. That said, the Federal Trade Commission (FTC) recently issued new rules intended to protect consumers from debt settlement companies. So in the event …
New FTC Rules on Debt Settlement Companies: What you should know Read More »
Having second thoughts about taking out a student loan for yourself or your offspring? There’s a great piece on Huffington Post by Zac Bissonnette titled, “The Student Loan Disclosure Document That Every Borrower Should Read.” It does a really nice job of making clear all of the risks involved with student loans and pointing out …
What do debt collectors in Buffalo, NY have to do with you? It turns out that debt collection is one of the thriving industries in Buffalo. And if you get a phone call about debt you owe, it may just be coming from there. The October 11 issue of the New Yorker magazine has a …
Are things getting better or worse? Is it more likely that you’ll need to file for bankruptcy in the future, or less likely? It’s hard to know the answer to these questions. But below are some articles that may serve as indicators of which way the wind is blowing. 1. “The ugly reality of lowering …
Bankruptcy Signs of the Times for New Yorkers 9.29.10 Read More »
Are debt collectors as bad as you think they are? Martha C. White of WalletPop.com has a great article about a Wall Street Journal reporter who spent time working for a debt collection agency to see what really goes on. And Fred Williams learned that, yes, it’s pretty much that bad. He’s documented his experiences …
According to a recent post by Professor Bob Lawless on CreditSlips.org (a bankruptcy blog that features top academic minds in the bankruptcy world), 1 in every 9 bankruptcy cases in the U.S. is filed pro se. (FYI, pro se means when you represent yourself in a case rather than hire a lawyer.) And in some …
How frequently do people file for bankruptcy without a bankruptcy lawyer? Read More »
You’ve seen the commercials on tv and heard them on the radio. Maybe seen billboards or ads on the subway or at the bus stops. “We’ll fix your credit!” they tell you in a voice that sounds vaguely familiar to that voice that cries, “But wait! There’s more! For $19.95 you also get this handy-dandy, …
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