Struggles with debt are one of the types of financial problems consumers can face. Such struggles can have major impacts on a consumer. There are many types of medical debt struggles and how much insurance protects individuals from such struggles.Source: UPI,...
People dealing with substantial debt problems may be vulnerable to scam artists seeking to take advantage of them financially. The Federal Trade Commission (FTC) recently shut down two such debt negotiation companies. The two companies, one of which was based partly...
Many legal concepts are misunderstood by the general public, but perhaps the most prevalent legal myths surround bankruptcy. How often have you heard it said that you have to lose your home and your car to get bankruptcy relief? Or that the retirement savings you...
As the economy declined, much of the tourism in Florida went with it. Businesses and their employees who used to rely on tourists for consistent income have had to face the reality that fewer people have been visiting Florida in recent years. This put financial strain...
In 2009, the Target National Bank sued a consumer, saying that she was delinquent on payments for her Target store credit card. Five months later, the company dropped the lawsuit, but the consumer says that the damage was already done. According to the woman, Target...
There are many reasons that people find themselves struggling with debt. For some, it is largely out of their control. Job loss and serious illnesses or injuries can leave families without much needed paychecks. But for others, simply not understanding basic financial...
Last week, we talked about the credit repair scams that seem to be running rampant in South Florida. Now, the Government Accountability Office has released a report about another type of "service" that might do consumers more harm than good. The GAO found that most...
Over the past few years, individuals from every walk of life have been impacted in some way. Celebrities, wall street executives and average Americans may not have much in common, but the economic recession has caused financial problems for each of them. For many, the...
Today, Borders Group Inc. filed for chapter 11 bankruptcy. The filing comes after months of failed maneuvers aimed at avoiding small businesses, chapter 7 or 13 may be a better option. However, for companies of Borders' size, chapter 11 offers many opportunities....
Hollywood Video and Movie Gallery filed for bankruptcy nearly a year ago. At the time, thousands of movie renters owed the company a few dollars here or there for late fees. Now, the collections company working for the video chain has begun filing negative reports to...
