Debt collectors are pursuing one in seven Americans—and often screwing up Last month, Amrit Singh, an adjunct professor at Hostos Community College in the South Bronx, received a letter from the New York City Marshal, advising him that he owed $10,000, due within 20 days. If Singh did not pay, the letter said, money would […]
Debt Settlement and Essential Facts that Every Consumer Should be Aware Of
Settlement is an important aspect of just about every area of law. In many cases it is a more beneficial to both the debtor and the creditor, allowing the debtor to pay a smaller sum than originally owed and allowing the consumer to get a significant amount of the money they are owed while incurring […]
7 Ways Parents Can Help Children Escape Debt
Like most people, I wasn’t born with a silver or gold spoon in my mouth. And I didn’t get everything I wanted with a “snap of my fingers.” In fact, it was Christmas 1979 that my dad was laid off from his job in the auto industry. He was laid off for seven and half […]
Service Members Left Vulnerable to Payday Loans
Ivan Pierre Aguirre for The New York Times A business offering short-term loans near Fort Bliss in El Paso, Tex. Interest rates on such loans can reach as much as 80 percent. Petty Officer First Class Vernaye Kelly winces when roughly $350 is automatically deducted from her Navy paycheck twice a month. Month after month, […]
