Dealing With The Debts Of Someone Who Has Died

Depending upon the circumstances, grief can be all-consuming, and having to face the complexities of dealing with leftover debts can feel like an insurmountable challenge. This is a general guide to assist you in better understanding how to manage a deceased person’s debts. If you remain unsure or generally feel overwhelmed by the task, it’s … Read more

Credit Repair Cloud and Daniel Rosen Sued by CFPB

The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in federal district court accusing a California-based software company and its owner of providing assistance to illegal credit-repair businesses. The CFPB alleges that Credit Repair Cloud and CEO Daniel Rosen have violated the Telemarketing Sales Rule (TSR) and the Consumer Financial Protection Act of 2010 … Read more

Nystrand v. Kingdom of Sweden: Another underemployed lawyer seeks bankruptcy relief

A common saying when I was young (in the last century) was the old adage that lawyers are people who wish to make a lot of money but are risk-averse. That observation certainly rang true when I went to law school in the 1970s. I graduated from the University of Texas School of Law with … Read more

Better Future Forward Subject to CFPB Student Loan Attention But Gets Praise

The Consumer Financial Protection Bureau (CFPB) took action recently against an income share agreement (ISA) provider for mispresenting its product and failing to comply with federal consumer financial law that governs private student loans. Better Future Forward, Inc., through its affiliated companies, provides students with money to finance their higher education, in the form of … Read more

Education Halts Collections. Garnishment Continue Anyway.

In response to the COVID pandemic, the Department of Education allowed student-loan debtors to skip their monthly loan payments without penalty until September 30, 2021. That pause was recently extended to January 30, 2022. Thanks to the Department’s forbearance, millions of college-loan borrowers are enjoying a respite from making loan payments, knowing that DOE will … Read more

Capital One CEO Fined $.6 Million for Not Following the Law

Today, the Federal Trade Commission announced that Richard Fairbank, CEO of Capital One Financial Corp., will pay a $637,950 civil penalty to settle charges that his acquisition of Capital One Financial stock violated the Hart-Scott-Rodino (HSR) Act. Fairbank’s recent multi-million dollar compensation package included over 100,000 Capital One Financial shares in 2018, which increased his … Read more

Your Quick Side Hustle Guide: Everything You Need to Know

By Patrick Young The time when you could expect a stable, secure job for life has long passed. Self-employment is at an all-time high, and the “gig” economy is the new normal. To survive and, indeed, thrive in 2021 and beyond, workers must embrace the entrepreneurial mindset: If you want financial security, essentially, you will … Read more

What is the Average Cost of Divorce?

An uncontested DIY divorce could cost $300. For a messy, high-stakes parting, add zeros (knowing that the sum will be short of Jeff Bezos’ $38 billion). When the nuptial knot frays, average divorce costs add up to several thousand. Specifically, $13,000, on average, when a full-service lawyer handles the split, Nolo found. But all kinds … Read more

Online Learning Sucks: Don’t pay $50,000 a year to take classes in your pajamas

American universities are in a tight spot. When the coronavirus pandemic hit in March 2020, almost all of them closed their campuses and switched to online instruction. Result? Students filed hundreds of lawsuits against the colleges, claiming–rightly in my opinion–that online teaching is inferior to face-to-face instruction and wasn’t what they paid for. In many … Read more

Payoff by Happy Money Mailer Raises Legit Questions

A reader sent in a mailer they received from Payoff by Happy Money. You can see the front of the letter below. What caught my eye was the address on the back of the mailer. It says PO Box 129, Palatine, IL 60078. This mailer was sent to me through my I Buy Junk Mail … Read more

33 Ideas for Saving Money While Dorm Shopping

Every year, millions of students go to college in the United States. Whether they are entering college for the first time or returning for their sophomore, junior, or senior years, they’re looking for ways to save on dorm shopping. After all, since they’re not working or they’re only working part-time, and they have to take … Read more