Musings on the U.S. Bankruptcy System and its Impact on Consumers
Bankruptcy has a bad rap. It’s true. Working in bankruptcy, we see so many of the harsh realities our clients are facing each day. Outside the bankruptcy circle (including bankruptcy attorneys, financial advisors and even the courts), bankruptcy has a bad image. “Bankruptcy is great for people who rack up enormous debt and then can’t …
Two hidden loopholes in the CARD Act can leave consumers paying high interest charges that can quickly snowball.
Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ’s Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be …
Americans are shifting how they use credit cards in response to the recession.
Those ‘reward’ credit cards in your wallet may not be as beneficial as you think.
Understanding the differences between debt consolidation, debt management and consumer credit counseling can save you thousands.
Once the nation’s wealthiest class, today’s retirees are faced with unprecedented financial troubles that often lead to bankruptcy court.
U.S. bankruptcies increased 35% over the last year with 1.3 million bankruptcy cases filed.
Big Changes Coming for the Credit Card Industry The credit card industry is beginning some major shifts in response to requirements put forth in the Credit Card Accountability, Responsibility and Disclosure (CARD) Act signed into law on May 22, 2009. The law was enacted to help American consumers who were battling years of unfair rate …
Consumers have rights throughout the debt collection process. Here’s what you should know.