Student loan debt among seniors 65 and older rose by more than 600% between 2005 and 2014[1]. When thinking of student loan debt, many consider it a young person’s problem. Seniors might have student loans for a number of reasons.  Many of the seniors, 80%, have student loans due to loans taken out to fund […]

Photo Credit: Ronan_tlv via Compfight cc With the economy still at record lows and millions of Americans buried in debt, the IRS and many creditors are resorting to wage garnishments to collect their money. When can creditors garnish your wages?  In most cases, a creditor must sue you in court and win a money judgment […]

Have you received a collection letter or call from a bill collector for a debt you’ve never heard of before? Consumer debt is often sold by the original creditor to debt collectors or other financial agencies… sometimes the debt changes hands so many times that it is hard for a debtor to know who actually […]