Arizona Lengthens Term for Credit Card Debt Collection
The Arizona State Senate clarified an existing law that seemed to be causing confusion as to how long banks and credit card issuers have to pursue debt collection on defaulted accounts. The state...
View ArticleAre You in Debt? Federal Trade Commission Offers Help to Debt-Burdened Consumers
If you’re overwhelmed with credit-card debt and getting harassed by debt collectors, you may not know where to turn. Try the website of the Federal Trade Commission (FTC), a government organization...
View ArticleMasterCard Inc. Profits Increased: US Consumers Feel Comfortable Living with...
While the US is struggling in national debt and deficit, the first quarter earnings of MasterCard Inc. soared. Ironically, despite the already accumulated debt American’s are in, consumers still...
View ArticleFighting Back Against Debt Collectors
Debt collectors are known for hassling consumers, and in their desperation to collect money, some are even resorting to questionable tactics. According to the Federal Trade Commission (FTC), complaints...
View ArticleConsumer Debt Reverses Downward Trend
The total of all consumer debt has been steadily decreasing over the past two years—it was down 8.2% from its peak in 2008. But a new report released by the Federal Reserve Bank of New York, based on a...
View ArticleNew US Debt Law – Getting Behind Bars for Being in Debt
Over one third of all the states in the US now allows lenders to throw borrowers behind bars if they are unable to repay their debt due to this harsh economic crisis. Already, the US have signed off...
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