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Author Archives: Guest Post

How Much Is Too Much to Spend on a Car?


Everyone overspends from time to time, but when it comes to big purchases, like a home or vehicle, something that seems like an exciting splurge could end up devastating your finances. The question of, “How much is too much?” is quite personal. To say that you should only spend a certain percentage of your income on a car doesn’t take ... Read More »

    Are My Retirement Funds Safe From Creditors?


    Q. I understand that in certain circumstances IRA and 401(k) money may be protected from a lawsuit. However, if a person is retired and has rolled over their ERISA plan to an account with a financial institution, are those funds still protected? A. Generally speaking, yes. The laws can vary by state. “Under federal law, pension plans such as a ... Read More »

      The 2 Words Debt Collectors Don’t Want to Hear


      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?


        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?


          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?


            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


              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


                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


                  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


                        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?


                          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, 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


                              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 »

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