Disadvantages of Co-Signing on Credit Cards and Loans

An elderly woman co-signed for her adult son on two credit cards and for a truck. Now the mother is stuck with $20,000 debt. What are her options? A 76 year old woman co-signed on two credit cards and a Toyota truck for her adult son. The son assured his mother that he would pay […]
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Debt Collection and Social Media

Debt collectors have added social media to their collection process.  Collectors can use social media to locate people or see if they have any assets.  Some collectors use social media to harass someone.  Examples include posting messages that let the world know you owe a debt or contact friends and family.  These are clear violations […]
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I Just Got A Call From A Debt Collector

“I just got a call from a debt collector, it’s the first call I ever got from them…what do I do now?” The Fair Debt Collection Practices Act provides a long list of do’s and don’ts for a debt collector. If this first call was alarming, or loaded with harassment or threats, call us and […]
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EXTENDED WARRANTIES – SHOULD I BUY ONE FOR MY CAR?

It is not uncommon for a potential used or new car buyer to ask whether purchasing an extended warranty is a good idea. It is important to understand the details of what you are purchasing when it comes to an extended warranty. Most extended warranties specifically state that they do not cover a pre-existing condition […]
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Auto Fraud

 Have you been lured into purchasing a particular automobile by the sales pitch of the salesman? It is not uncommon for a car salesperson to misrepresent a particular product, or hide information about the product, in order to induce you to buy; in doing so your rights may have been violated.  Most states have a […]
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Credit Cards and College Students

As you get ready to send your child off to college for the first time or as a returning student, you may be thinking, “Should I send them with a credit card?” Credit cards can be a plus and a minus; they are a convenient way for your child to have the means to support […]
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What Do I do Now

In these unsettled economic times you cannot help but hear about the variety of scams inflicted upon people who are in debt because of unemployment or mortgage debt. Scammers offer fixes that are too good to be true or try to confuse you into giving them personal information in order to assist you. One recent […]
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Who Can Look at Your Credit Report

We often hear that the higher your credit score is the more credit you can obtain, and the lower your interest rate will be while the lower your credit score is the higher your interest rate will be. But who has access to your report and who protects your privacy? Many Americans consider their credit […]
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How to Dispute Inaccurate Information on Your Credit Report

Credit reporting agencies, or what are commonly known as credit bureaus, including Trans Union, Equifax and Experian, have from time to time been known to report inaccurate information on credit reports. Inaccurate information can lead to a loss of credit by either a denied application, or by a current creditor closing or reducing a line […]
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Fair Debt Collection

In these tough economic times it has become common practice for creditors to turn unpaid bills over to debt collection agencies. These agencies begin calling and sending letters to collect the amount owed; often the calls are frequent, frightening and threatening. It is bad enough to know that you have outstanding bills, but the menacing […]
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