Archive for Debt & Life
Dealing With Debt Can Be A Mental and Mathematical Issue
By now everyone’s heard that word the worst economy since the Great Depression, while not certain of that, but one man’s bustling economy can be another man’s depression, and whether or not we’re actually the worst economy since the Great Depression really is irrelevant to the person who hasn’t been able find a job for [...]
What do I do When a Debt Collector Threatens to send me to the Legal Department?
A favorite tactic of debt collectors is to threaten to sue the debtor, but this can get them into trouble, especially if they have no intention of suing.
I contend that the debt collector threatens to sue you, and they are employee of the debt collection agency and not the creditor or the person who owns [...]
Debt Settlement Companies Target Minorities?
I heard a debt settlement company’s advertisements a radio station in Allentown Pennsylvania.
Maybe you’ve heard it, it has something that sounds like gospel music playing in the background and the song has a lot to references to freedom. I’m not against freedom, but it’s clear that they were targeting a demographic, and that demographic is [...]
M&Ms and bankruptcy the unseen connection
About 30 minutes ago I was reminded of one of the key factors in making a bankruptcy successful. The reminder didn’t come in bankruptcy court, it didn’t come in my office, it didn’t come from a NACBA newsletter, this reminder came from my own freezer.
Let me give you little bit of background, about three weeks [...]
Discover, the card that hits you back
Over the past few months there’s been an uptick in the number of credit card companies filing lawsuits in Court of Common Pleas and Magistrate courts in Pennsylvania against creditors have defaulted on credit cards.
Two of the highest rate filers are Discover Card and Capital One, with Discover Card probably outstripping Capital One at a [...]
Beware the money pet
Yes, you read that right, beware the money pet. Most of us have seen the movie “The Money Pit” with Tom Hanks and Meg Ryan, but how many people really figure out how much a pet is going to cost before they get one?
Recently I had a potential client in my office who in seven [...]