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Author Archives: Guest Post

The 2 Words Debt Collectors Don’t Want to Hear

tax-extension

While much of the debt collection world is straightforward and, quite honestly, a little boring, some people in the industry treat it like a free-for-all. “There are widespread attempts to add charges to debts that aren’t legal. Excess interest is something we’ve encountered quite frequently,” said Daniel Edelman, consumer law attorney, founder and partner at Edelman, Combs, Latturner, & Goodwin ... Read More »

    Can I Bypass a Debt Collector?

    newyorkdebtcollection_iStockphoto-300x192

    When I am assisting people to resolve unpaid bills I’m often asked, “Why do I have to pay the debt collector? Why can’t I just pay my creditor or lender and avoid the collector all together?” A reader recently wrote in with just this question: I have a $ 5,000 balance on my credit card and it is now at ... Read More »

      A Creditor Took Me to Court. Now What?

      Wake-Courthouse

      Sometimes, the first time you find out you’ve had a judgment entered against you is when the judgment-holder seeks to enforce it. While due process is supposed to notify all parties to a court action ahead of time, there are many reasons why you may not have gotten that notice. You may have moved from the address where notice was ... Read More »

        How Much Is Frances Bean Cobain Worth?

        frances_bean_cobain

        Twenty-one years ago, Nirvana frontman Kurt Cobain ended his life. He left behind his only child, Frances Bean Cobain, and wife Courtney Love. Frances Bean, now 22, is an executive producer of the upcoming HBO documentary about her late father, “Kurt Cobain: Montage of Heck.” In a recent interview with Rolling Stone, she spoke publicly about her father for the ... Read More »

          Here’s How You Can Upgrade Your Android to a New iPhone for Free

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          Apple (AAPL) is now allowing Android, BlackBerry and Windows smartphone users to trade in their devices for credit toward iPhones, reports Forbes. And get this: You can also trade in your old PC for credit towards the purchase of a new Mac. Find out how to get an iPhone 6 for less than $ 50 >>> Apple’s Reuse and Recycling Program ... Read More »

            3 Best Things to Buy in April

            buy-in-april

            Spring is officially here, and so are a variety of sales on certain items. Budgeting is much easier when you pay less for everyday items, and one way to do it is by making purchases during key times of the year. Just remember, it’s only worth it if you spend on things you would have to buy anyway. See the ... Read More »

              How to Claim Qualified Education Expenses on Your Tax Return

              education_expenses

              The IRS offers two tax credits to students or those paying for students’ educations, to offset some costs associated with higher education: the lifetime learning credit (LLC) and the American opportunity credit (AOC). Unlike tax deductions, which reduce the amount of taxable income, these credits directly lower the tax itself. There are several differences between these two education tax credits. Most ... Read More »

                4 Common Student Loan Problems & How to Deal With Them

                Student Loans Concept

                Many people who have finished college in the last decade have student loan debt, but some have found that repaying that debt is more complicated than they expected it to be. There are many resources for student loan borrowers trying to figure out repayment, and some go to financial planners for advice on how to manage their student loan debt as a part of a ... Read More »

                  CFPB Sues Participants in Robo-Call Phantom Debt Collection Operation

                  Bureau Also Obtains a Temporary Restraining Order to Halt Illegal Operation and Freeze Assets of Operation’s Leaders WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) announced today that it has filed a lawsuit against the ringleaders of a robo-call phantom debt collection operation, their companies, and their service providers. The debt collectors, using various aliases, allegedly deployed automated calls ... Read More »

                    Fraud in Money Transfers

                    smartphone

                    You’ve won a prize! I’m in a foreign country, and I need cash. We’re temporarily unable to accept credit cards. Your dream apartment is available immediately at an incredible price! These are statements that get attention and often tempt the most reasonable, intelligent and trusting consumers into literally handing over their hard-earned dollars to complete strangers. Money transfer scams come ... Read More »

                      Can You Discharge Private Student Loans in Bankruptcy?

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                      There’s a big misconception that private student loans can never be discharged in bankruptcy. People have repeated that statement so often they believe it to be a fact. The only problem is it’s not quite true. Some private student loans are clearly eligible to be wiped away in a consumer bankruptcy. Even in a Chapter 7 bankruptcy, it takes only ... Read More »

                        Can I Get a Car Loan If I Have No Credit?

                        Happy new car buyer. Hope you love those new monthly payments.

                        What do you do if you need a car and you don’t yet have a track record to make a dealer confident you’ll be able to repay a car loan? Phil Reed, senior consumer advice editor for consumer auto site Edmunds.com, said a surprising number of people who aren’t sure of the answer to that question go to dealerships and ... Read More »

                          National Beer Day: 8 Deals, Freebies and Discounts

                          national_beer_day_2015

                          April 7 is celebrated as National Beer Day, giving many Americans an excuse to do some weekday drinking this Tuesday. Those looking to celebrate Nation Beer Day with a brewed beverage are in luck, as many happy hours and other National Beer Day deals make it easy to save money when buying beer. See what your drink of choice says ... Read More »

                            More Reasons Why You Shouldn’t Bother With Gas Credit Cards

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                            Last June, I wrote about why you should get rid of your gasoline credit card — because the rewards just aren’t competitive. Since then, the price of gasoline has plummeted, which might seem to help the case for some gas cards. Nevertheless, these cards are still a bad deal… Low gas prices don’t help gas credit cards At 10 cents off the ... Read More »

                              Will Your Next Debt Collector Be a Robot?

                              robots

                              Are the days of debt collectors sitting in cubicles “dialing for dollars” numbered? Debt collection, like many sectors of the economy, is starting to go digital. So if the idea of talking with a debt collector automatically puts your stomach in knots, you may be in for a pleasant surprise: In the not-too-distant future, your debt collector may be a ... Read More »

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