Various tales of folks out to get your money. Credit Repair Companies When it sounds too good to be true, it usually is. There is no silver bullet-magic wand that “repairs” your credit score. You do not need to pay someone else to dispute mistakes...
Megan Leonhardt at CNBC writes about younger folks (well, younger then me, and who isn’t?) borrowing from their 401(k) accounts to pay off debt. Borrowing To Pay What You Already Borrowed??? Yeah, it does not work, but I see it all the time. I think...
“Don’t ruin your credit by filing bankruptcy!” say those who run a debt settlement scam. “Don’t file chapter 7 bankruptcy!” “The secret the credit card companies don’t want you to know!” “You are eligible for our program, If you owe at least $10,000 in credit...
The bankruptcy automatic stay is a great feature of the law, for those on my side of the fence, representing bankruptcy debtors. How Do I Get A Stay Against My Creditors? A stay is what it sounds like; a freeze, a stop, an order to...
“Don’t ruin your credit by filing bankruptcy!” say those who run a debt settlement scam. “The secret the credit card companies don’t want you to know!” “Don’t file chapter 7 bankruptcy!” “If you owe at least $10,000 in credit card debt, you are eligible for...
One of my pet peeves, everyone is a bankruptcy law expert. And divorce law. And criminal law, if they watched enough Law & Order episodes. People call all the time who have been mis-informed by their ex-brother-in-law’s cousin’s boyfriend about the law. When I ask,...
An evergreen bankruptcy question. Nothing new in the answer. (My daughter in Kentucky sent me the picture. I just like it) It Depends! Yeah, I give that answer a lot. I’m a lawyer! I am licensed only in Michigan, NOT a community property state. Click...
I am not sure how to answer my own question. More Debt For Sure Personal loans going way up, joining student loan debt and credit card debt and vehicle debt. According to a new data from Experian the 11.9 percent increase over the same quarter...
Hey, it’s my blog, and it’s fun! Some of them will do anything to get your money. This one happened in 2013, but they are just sentencing the bad guys. According to his indictment and plea agreement, Michael S. Flowers, a debt collector for Professional...
More people will be considering bankruptcy, given the current economic data. Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed’s latest household debt report, the biggest jump since 2016. It...