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Are Changes on the Horizon for the FDCPA?

The FDCPA has been instrumental in the protection of consumers from predatory debt collection practices.  However, it is over 40 years old and many believe it is time for an update.  There has been a minor change or two in the last 4 decades, but nothing that addresses the newer business practices of debt collectors.  Now, creditors and collectors have the internet which gives them access to just about anyone at just about any time.

Two Payday Loan Horror Stories

It is always important to read the “fine” print when agreeing to anything.  This is especially true when signing up for a payday loan.  Interest rates are often 300% – 1000%.  Sometimes referred to as “predatory loans”, payday loans are designed to give the customer money quickly and allow them

How To Keep Collateral When Filing For Bankruptcy

A common misconception about filing for bankruptcy is that you can eliminate your debt while keeping your assets. This is simply not the way bankruptcy works. The benefit of bankruptcy is to eliminate burdensome debt and give the debtor a fresh financial start. This may require that you return some