In the past, debt collectors have sometimes crossed the line when attempting to collect money. Because of this, the Fair Debt Collection Practices Act (FDCPA) came into creation. This act prevents debt collectors from using abusive, oppressive or harassing tactics....
Eliminate Your Debt - Free Consultation
Eliminate Your Debt - Free Consultation
New rule could be harmful to consumers
Currently, debt collectors in New York and throughout the country are forbidden from contacting debtors by email or through text messages. However, the Consumer Financial Protection Bureau, or CFPB, issued a rule that will allow them to do so starting sometime in...
Should you use a personal loan to consolidate debt?
If you have outstanding credit card debt, wish to lower your interest rates and simplify your monthly repayment obligations, you may consider taking out a personal loan. While personal loans have become a popular tool for consolidating credit card debt in recent days,...
What is the Fair Debt Collection Practices Act?
New York residents like you may get into situations in which you end up struggling with debt. There are numerous different reasons that backslides into debt happen. Regardless of the reason, you deserve to process through your debt without harassment. Unfortunately,...
New Yorkers carry a high burden of student debt
For individuals in their 20s and 30s, student loan debt continues to affect overall financial well-being. Until at least very recently, recent trends show student debt remains on an upward trajectory. College graduates from the state of New York have some of the...
Tips for paying down medical bills
Research published in 2019 found that 66.5% of personal bankruptcies filed in New York and elsewhere that year were related to medical debt. According to a TD Ameritrade report, paying off medical debt is the top reason why individuals want to withdraw money from...
What do you know about the psychological impact of debt?
You know you are in debt, but you may not fully comprehend how debt impacts your psychological health. By understanding the mental impact carrying a financial burden may have, you can gain clarity on certain emotions, thoughts or even physical symptoms you recently...
Which debts should you pay first?
New York residents who fall into debt often have a long road ahead of them to get back out. Paying off debts sometimes feels like a monumental task. Today we will take a look at some of the strategies that may be useful in tackling debt. We will start with which debts...
Unmanageable debt may cause PTSD-like symptoms
Whether you have considerable consumer debt, outstanding medical bills, student loans or any other financial obligation you cannot meet, you likely know how stressful debt can be. A recent study indicates that unmanageable debt may take an incredible toll on a...
Is this debt relief company a scam?
An unfortunate fact of living in a big city is higher crime rates. When you think of crime in New York, violence might most often come to mind. It is important to remember white-collar crime causes people grief too. One of the worst types of criminals is those who...
