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November 28, 2014
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Tag: Credit Card Debt


Weak Laws Offer Debtors Little Protection and Allow Collectors to Seize a Fourth of Their Wages

Critics say the 1968 federal law that allows collectors to take 25 percent of debtors’ wages, or every penny in their bank accounts, is out of date and overly harsh.

Posted on Sep 16, 2014 READ MORE



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Wages of Millions Seized to Pay Past Debts

One in 10 working Americans between the ages of 35 and 44 are getting their wages garnished. That means their pay is being docked—often over an old credit card debt, medical bill or student loan.

Posted on Sep 15, 2014 READ MORE


College Student Debt

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Posted on Jul 10, 2013 READ MORE


Credit

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Posted on Jun 3, 2013 READ MORE


Foreclosure
Flickr / respres

Got Credit Card Debt? One Bank May Try to Go After Your Home

Hundreds of California residents are being threatened with foreclosure by a major Canadian bank, but it has nothing to do with missing their home payments.

Posted on Oct 5, 2012 READ MORE



Flickr / 7bikeframesweldedtogether

The Flawed Credit Card Debt Collection Process

Credit card companies are increasingly turning to the legal system in their rush to collect money that is owed to them. But, there now exists a very big problem in this litigious-happy practice—nearly all these lawsuits may be flawed.

Posted on Aug 13, 2012 READ MORE



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Student Debt by Skin Color

You may know that American student debt—which is swelling at a rate of almost $3,000 a second—is expected to hit $1 trillion by the end of the year. But do you know how the tab breaks down by ethnicity? Who owes the most? Who owes the least? Is anyone escaping its debilitating grip? (more)

Posted on Oct 29, 2011 READ MORE


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Credit Card Debt for the Tween Set

On Monday, Sen. Byron Dorgan took the chamber floor with visual aids to warn of the dangers of luring small children into bad spending habits with colorful credit cards. While we applaud his efforts, he does seem a bit fixated on Hello Kitty.

Posted on May 18, 2009 READ MORE


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