
How Far Are Debt Collectors Allowed to Go to Collect a Debt?
Debt collectors have the right to try to collect a debt from you, but there are rules that these collectors must follow. However, many times, these collectors break the rules because consumers are not aware of the laws that protect them from predatory debt collection practices. If you are being harassed by debt collectors, you may be able to get protection.
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Making Strides
For many, student loans are the norm while going to college. Created to help students settle the cost of educational fees for post-secondary education, it takes away the burden of paying all your debts at a go. Applying for a student loan usually entails having the following requirements;
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Going Bankrupt After 55 Years of Age
Bankruptcy is easily one of the worst fears anyone has to deal with. Even worse, being bankrupt and old without anyone to cater for you is dreadful. This is, unfortunately, the case for many Americans. According to research, the rate of older adults (above 55 years) who have become bankrupt has skyrocketed up to 66% since 1991. Basically, older adults of above 65 years make a total of 12% of...

Should Elderly People Declare Bankruptcy?
With the tax rates, pensions and income decreasing, and medical costs rising, it has become increasingly hard for senior citizens. Your income becomes off-balance compared to debt which is why filing for bankruptcy might seem like the next best step. With Chapter 7 and Chapter 13 bankruptcy, seniors get a way to deal with their debt trouble.
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Bankruptcy Assistance for Low Income Families
Did you know that it can cost a lot of money to file for bankruptcy? If you didn’t, don’t fret as not many people are prepared for this financial burden. These costs might be hard especially for low-income families. However, there are different bankruptcy assistance options available to help these low-income families pay for a bankruptcy lawyer. In this article, we will discuss...

What Happens to Retirement Accounts in Bankruptcy?
Even with numerous debts, retirees can now depend on their retirement accounts to fund their lifestyles as a result of the law passed by the United States Congress a few years ago. Also, a significant amount of retirement accounts are excused from bankruptcies – with each state having its exemption sets. However, several limitations exist.
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Federal Versus Private Student Loans: Which Is the Right One for You?
A lot of people have student loans, but you must understand the difference between private and federal student loans as it could help save you money. Currently, there are over 40 million student loan borrowers who owe over $1.5 trillion in the United States. Approximately $1.4 trillion of these loans is in the form of Federal student loans and the remaining is in the form of private student...

Parent PLUS Loans
It has become common practice for parents to take out loans to finance the college costs of their children. A Brookings Institution report stated that over 3 million people owe almost $90 billion in parent PLUS loans. It has been noted that some parents even go as far as taking out these loans for their multiple children thereby increasing their debt. Nowadays, the eligibility for these loans...

What to Do If You Miss Student Loan Payments
Almost everyone has missed a student loan payment at least once. According to the Federal Student Aid Department, as of December 2018, over 3 million borrowers have been at least a month behind on the payments of their federal direct loans. Even though this is common, you will be punished for missing a payment.
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What is Student Loan Rehabilitation?
Student loan rehabilitation is the best option for borrowers to remove the default status from federal student loans. However, this rehabilitation program does not work for private student loans. Even though student loan consolidation helps with default recovery, student loan rehabilitation is the superior option as it gets your loan out of default and removes extra collection costs. In this...