Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
When confronted with huge debts, debtors have a lot of serious financial decisions to make. Deciding to file bankruptcy is the hardest, and should be your last resort when trying to get out of debt. If you’re thinking of filing for bankruptcy, here are some steps you should follow: Step 1: Check your financial status and consider bankruptcy only when all other ...
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Unfair debt collection has grown almost synonymous with payday lending. For the first time however, the Consumer Financial Protection Bureau (CFPB) carried out enforcement action against a payday lender, ever since it had been created by the 2010 Dodd-Frank Wall Street reform law. Cash America International faced the strike of the regulators for unfair collection ...
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It began with a simple application for a credit card. Olivia McNamara, a recent high school graduate was trying to establish a credit history as she was preparing for college and waiting for her first student charge card. Unfortunately, the banks were not cooperating. All applications for credit cards were getting rejected though there was no reason behind of such ...
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Most people hate debt collectors and creditors - and they do not even think twice before admitting the fact. If we go on assessing the consumer complaints that have been filed during the last few years, we’d be surprised to know that most of the complaints have been made against debt collectors and due to the reckless and abusive industry practices. You could find a ...
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Under the breeze of today's dropping economy, you might find it hard to repay $5,000 even if given some period. You might try to escape leaving everything behind if you find that you need to pay off $1, 00,000 in debt. Well, I feel you should meet Jérôme Kerviel, or at least learn about him - the most indebted person in the world!Yes, in this age of when serial ...
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As the Christmas and Thanksgiving Day near, we feel our heart crying to live some happy moments with our near and dear ones. We become very keen to spend some chilly nights with our brothers, sisters, uncles, aunts, nephews, nieces before the warmth of the fireplace. The relationship that blood denotes is the strongest among all. Most of us can do anything for our ...
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Many of us have often dug into our pockets to find the leftover and handed over the amount to our parents to help them with the monthly mortgage payments or paying off the delinquent credit accounts. That is natural, right? But have you ever thought of helping the federal government to make a small difference to the national debt that we are having? Probably not! ...
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Have you been texted by a collection agency? Well, that's nothing new! Is it bothering you too much or done without your consent? Now, that's something you can put a stop to! The Federal Trade Commission recently announced that collectors would need prior express consent before they can text a consumer about his debts. This ruling hereby clarifies what goes by the ...
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