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What to Do If You Are Sued

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Finding yourself at the wrong end of a lawsuit can be stressful. Whether you are sued for a relatively small amount in small claims court or a larger amount in circuit court, the experience is never pleasant. If you are sued in small claims court, you will find that the system is designed for people who are not necessarily familiar ... Read More »

    Stuck in a Contract: What to Do Before and After You Sign up for Clubs (Health/Timeshare/Camping/Travel)

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    Whether you’re planning an excursion to the Virgin Islands, negotiating a timeshare in Vermont or thinking about getting into shape by joining a health club, the contract you sign will determine the rules you have to follow throughout the entire term of your agreement. Reading carefully before you sign will help you to avoid problems later. Generally, most contracts can ... Read More »

      Drowning in Student Loans?

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      If you can’t make payments on your student loans, don’t panic. Don’t just give up and invite default, either. Default means that your credit will be damaged and your loan balance will increase dramatically with the addition of collection fees. And once you default, the holder of your loan will probably grab a portion of your paycheck and nab any ... Read More »

        Supreme Court Rules in Favor of Chapter 13 Bankruptcy Debtors

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        In a case before the Supreme Court the Court today issued their opinion favoring the debtor in this case. In HAMILTON, CHAPTER 13 TRUSTEE v. LANNING the bankruptcy trustee, Hamilton, a private trustee objected to the monthly payment the debtor, Stephanie Kay Lanning, stated she could reasonably afford to pay. The trustee had followed a mechanical calculation to determine the ... Read More »

          Repossession: Why It Happens, What You Can Do, and Your Rights Before, During and After

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          If you fail to make payments on a car loan, or anticipate a problem paying in the near future, you should be familiar with the process of repossession and what rights you may have. This article will cover your rights before and after repossession, starting with the security agreement you signed when you bought the car and ending with your ... Read More »

            Plastic Power: Smart Strategies for Making the Most of Your Credit Cards

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            At GetOutOfDebt.org, we help thousands of people with too much debt. So you probably figure we’d think credit cards are terrible, right? Wrong! Credit cards can be a great tool and can even save you money if you’re smart about how you use them. That doesn’t mean charging up a storm on things you can’t afford, or even using your ... Read More »

              Money Saving Strategies for New Parents

              Can I Afford to Work - Or Stay Home?

              You’ve heard the statistics: it’s going to take a zillion dollars to clothe, feed and take care of your child until adulthood. And that doesn’t include college — or the money you’ll spend if they stick around after 18! But you’re plunging into parenthood anyway. Good for you! You don’t have to go completely into hock to raise your child ... Read More »

                Divorce in The Military: Protect Your Financial Future

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                If you’re going through a divorce, you’re probably exhausted by the emotional upheaval and the day-to-day details of carving out a new, separate life. Separation when you or your spouse is a member of the military can pose special concerns, like division of military pensions or survivor benefits. One thing that’s easily overlooked — or outright ignored — in the ... Read More »

                  Net Worth: What It Means and How to Increase Yours

                  Quick Question: What’s your net worth? If you’re like most people, you don’t know. And you may not even know how to calculate it. You may think that net worth is something only wealthy people need to worry about, but in fact, it’s a very useful figure and no matter who you are, you should know yours. Luckily, it’s not ... Read More »

                    Jewelry Store and Pawnshop Owner Charged With Running Ponzi Scheme

                    Yesterday in Miami, Luis Felipe Perez was sued by the Securities and Exchange Commission for defrauding primarily Hispanic consumers by investing money for fixed returns. From 2006 until June 2009, Perez raised approximately $40 million in a Ponzi scheme affecting approximately 35 South Florida investors, many of whom were Hispanic. Using personal and family relationships while boasting of a successful ... Read More »

                      Parents: Helping Your Child With Credit Problems

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                      George’s parents were applying to refinance their home when they found that George had opened several credit card accounts using their names. He even forged their signatures. When they confronted him, he simply shrugged and told them he couldn’t qualify on his own – how was he supposed to get credit? Sarah’s parents cosigned a credit card application for her ... Read More »

                        Money and Stress: How to Keep Your Money Worries From Killing You

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                        A recent study at Ohio State University found that people with financial problems, in particular credit card debt, suffered from more emotional problems than those who didn’t have money-related stress. When you stop and think about it, it really is not surprising that cash, or the lack of it, so greatly affects our emotions. Money problems are not simply a ... Read More »

                          Northern Asset Management and Eastern Asset Management, Debt Collection Companies, Sued by NY AG

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                          Attorney General Andrew M. Cuomo announced a lawsuit against several Western New York debt collection companies that violated the law by harassing consumers through repeated threatening and obscene phone calls as well as making illegal calls to the consumers’ employers and families. Attorney General Cuomo’s lawsuit claims Frank Santiago, of South Creek Road in Hamburg, who is the owner and ... Read More »

                            How Being in Debt Can Affect Your Military Career

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                            Being in the military poses unique problems for military personnel and their families. Sometimes, as a result of circumstances like relocation or deployment of a spouse, a military member may fall behind on payments of his or her debts. A person who is behind on payments may be viewed in the military as irresponsible, even when the person fully intends ... Read More »

                              Financial Concerns for People With Long-Term Illnesses

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                              A diagnosis of any major disease will change your life. You may spend much of your time thinking about life and death and your own mortality. You might be trying to hold onto a job, if your health will allow it. You may be wondering who to tell — and who to turn to for support. You might be running ... Read More »

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