A House of Cards: Consumer Financial Protection Bureau Cracks Down on Debt Settlement Industry

As reported by USA Today ("N.Y. Mission Debt Settlement Firm Charged With Fraud"), the Consumer Financial Protection Bureau has charged the owner of Mission Settlement Agency and three of its employees with fraud and conspiracy.  The article explains: "As alleged, Mission preyed upon the financial desperation of people around the country who — like so … Continue reading A House of Cards: Consumer Financial Protection Bureau Cracks Down on Debt Settlement Industry

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Until Debt Do Us Part: Who Inherits Credit Card Debt?

It is safe to say that America is experiencing a debt crisis.  Most of us have at least one credit card balance that just doesn't seem to be going down!  So what happens to our credit card balances when we die? The good news is that, with some exceptions, surviving spouses and family members are … Continue reading Until Debt Do Us Part: Who Inherits Credit Card Debt?