Can Debt Collectors Use Social Media to Track You Down?
Did you know that social media platforms like Facebook, Instagram, and Twitter can be used by debt collectors to track you down? Yes, it’s possible. Some even go as far as harassing you and your friends all in the bid to get money – which is illegal. Even though the Fair Debt Collection Practices Act does not forbid debt collectors from using social media, some caveats need to be adhered to....
Predatory Loans and How to Avoid Them
If you go through the litany of lenders online, you’d realize just how relentless some of them are. They could go as far as constantly sending you emails and making phone calls to you to take out loans. One thing that is pertinent to note when looking to take out a loan whether short term or long term is that you should always go to them and not the other way around. When people need to take...
Is Renting a Home a Waste of Money?
For some people, renting a home is much better than buying a home and for others, it’s the other way around. There are different reasons people have for wanting to buy a home; most of which are valid — same goes for renting a home. Most people believe that renting a home rather than buying is a waste of time and this notion leads people into debt because of the quest of wanting to own a...
The IRS Hires Debt Collectors to Find Low-Income Families
The collection of private tax by the Internal Revenue Service through private tax collectors is as scary as you think – especially if you are poor. Now, imagine four big private debt collection firms trying to get some as well, crazy, right? Analysts observed a trend in 2017 that over 5,000 poor people made unnecessary tax payments. As usual, the choice to present the new program comes from...
How to Avoid Vehicle Repossession
Look, things happen in life that are out of our control. Everything is going to plan, and then tragedy strikes whether it be a medical disaster, natural disaster, or just a disaster disaster. A vehicle payment does not always top the list of financial priorities, but lenders rarely care about the “why” when it comes to late or missed payments. So, what do you do when you need your car, but...
Great Ways to Improve Your Financial Literacy in 2020
If you are like most people, you can do a little better with your money. Just like anything else, it is difficult to improve without first learning how. If you look online, you can find a multitude of personal finance personalities large and small. A world of resources exists online and in bookstores. Let’s talk about how you can improve your financial literacy and become more equipped to...
Did You Know Florida Has Laws That Protect You from Predatory Debt Collectors?
Predatory debt collectors are becoming a bit of a sore subject these days. As personal loan shops and pay-as-you-go schemes gain popularity, many people are finding themselves in bed with some very unsavory characters. It is definitely wrong to take out a loan and refuse to pay off the debt, but that does not mean debt collectors can come after you whenever and however they choose. The...
Can You Build Wealth with a Low Income?
Taking advantage of the opportunities afforded to us in the United States and building wealth is the American dream. While this sounds like something we can all achieve, it feels out of reach for the average middle or lower-middle-class individual. You may be surprised to know that you have the opportunity to build individual wealth if you use your money wisely. Taking control of your...
Free or Cheap Tax Preparation for Low-income Families
Tax preparation isn’t what you would call cheap. Rather than spend a lot of money on a tax expert to prepare your taxes, there are a lot of free and cheap alternatives you can look into. For low-income families, these free tax preparation alternatives are a blessing as they sometimes can’t afford the tax preparation costs of professionals. In this article, we will take a look at these...
Transportation Resources for Families with a Tight Budget
Have you ever been to the store just to realize a lot of your favorite things were on sale and you would get a lot more for less money? That would feel like a lifesaver for people who do not really have a lot of income and are really dependent on some of these sales. Now that’s just sales in a grocery store. There are a number of things that could be considered necessary and they could range...