The Truth of Credit

 There is a lot of misinformation that is spread around these days regarding Bankruptcy. I have heard some off-the-chart stuff from some of the debtors that I have spoken with. Here are my top three favorite myths about bankruptcy that I hear the most and how they are flat out “stinkin thinkin” as my father [...]

Finally, everyone is starting to realize that this recession is going to take some time to recover from but there is a unique benefit to you person in “deep” debt.  According to the Account Receivable industry the cost of buying debt has dropped from 10% to 50%. This is a basic supply and demand situation, [...]

The Fair Debt Collection Practices Act is a must read for anyone in deep debt. There are numerous stories circulating around the Internet about debtors that sue creditors for not following the act properly. In fact there is whole industry of attorneys that deal directly with these cases. Here is my take on a very [...]

 If you can survive the barrage of phone calls and threatening letters and remain judgment-free then maybe the Statue of Limitations (SOL) has run out. On average most creditors have 6 years to file suit. Now before you think you are off the hook SOLs do vary from state to state and depending on the [...]

  It’s not something that most people want to think about but it is a fact of life…medical bills.  Unforeseen medical bills are a possible reality in everyone’s future. Whether you have medical insurance or not, you may be forced to pay for medical treatment at some point in your life.  However, there are a [...]