An alarming trend has developed for seniors either in retirement or about ready to enter retirement.  Seniors are leaning on credit cards for medical bills and other basic living needs, such as electric bills, to survive.  And if they can’t … Continue reading →

Within reason, credit scores are important.  Your credit score dictates the type of loans you are able to qualify for and the amount of interest you will be charged by your lender for that loan.  Yet even with the impact … Continue reading →

Sadly, this is where we are in our post-recession world.  As people try to people their debts they are doing so at the expense of savings.  The following article gives a good overview of this disturbing trend. http://www.wptv.com/dpp/money/consumer/consumers-still-facing-loads-of-debt-little-savings Most alarming, … Continue reading →

Filing bankruptcy is not on anyone’s to-do list.  For those that have no option except bankruptcy, one of its nicer features is that creditors are supposed to stop contacting you once bankruptcy is filed.  Unless you’re Bank of America. As … Continue reading →

Are you committing sins against your credit score?  If you are, you could be hurting yourself and others in the long run.  The following list of seven deadly credit sins is a good way to conduct a personal audit of … Continue reading →

It seems as though the more clients we meet and the more news stories we hear, we hear yet another debt settlement/consolidation scam.  Here’s the latest:  two men in Fresno defrauded people of more than $400,000. http://www.fresnobee.com/2012/06/07/2865141/fresno-men-accused-of-400000-debt.html  According to the … Continue reading →

Are you charging medical expenses on your credit card?  If you are, you’re not the only one.  With staggering income levels and rising health care costs, many are forced to charge needed medical expenses.  This, of course, involves paying high … Continue reading →

In the link above, Steve Rhode, the Get Out of Debt Guy, poses an interesting question: “If the US Court Bankruptcy video can say debt settlement is an option, why can’t credit counseling agencies?”  Being a debt settlement attorney that … Continue reading →

An interesting new debate is forming amongst federal regulators and banks…should a customer’s credit card complaint against a bank be public record? http://www.foxbusiness.com/personal-finance/2012/06/06/should-credit-card-complaints-be-hush-hush-or-open-to-all/    Of course, the offenders, i.e., the banks, do not want their mistakes highlighted for all the … Continue reading →

When I first saw this article, I laughed at the heading, but wasn’t particularly shocked. Debt collectors are notorious for their bad behavior.  But this one takes the cake.  As the following article discusses, debt collectors are not responsible for … Continue reading →