Unemployment has remained elevated, salaries stagnant and debts continue to pile high. The blood and chaos from the current financial environment has brought out the vultures and those vultures come by many names; but...
With the rise in unemployment and the accompanying rise in debt defaults, the debt settlement industry has been booming. Unfortunately for consumers, many of the debt settlement companies fail to deliver on their promise...
The U.S. Federal Trade Commission (FTC) has announced that it is banning debt settlement firms and other debt-relief companies from charging advance fees for their services. FTC Chairman Jon Leibowitz, said that new ban...
Debt settlement is becoming very popular now that the recession is stretching into its third year. One of the appealing aspects of the debt settlement pitch is the idea that a debtor can pay...
For self-employed and small business owners considering Chapter 11 bankruptcy, filing bankruptcy creates anxiety about their ability to continue operating their business and earning an income. Fortunately, the bankruptcy laws allow business owners to...
Credit card companies are frantically taking drastic actions in their attempt to "work around" the new credit card legislation that will restrict their ability to randomly raise interest rates and hit credit card consumers...
Reaffirmation is where you consent to paying back all or part of a debt even though you may not have had to. Before the 1978 Bankruptcy Code put an end to it, creditors used...
