Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
A payday loan or payday cash advance is a short-term, small unsecured loan that often turns up as savior at times of financial emergencies. However, while most of the payday lenders are reputed and carry out their ventures as per law, some do not. I’m afraid but simply filling out an online application to assume a payday loan may subject you to the latest phone ...
Read more
An assessment of the US household debt burden in the third quarter found it to be in its lowest level in 29 years, which is undoubtedly going to help free up more liquid funds for consumer spending and support the bruising economy. The household debt service ratio (an estimation of the portion of debt payments to disposable personal income) fell down to 10.61% from ...
Read more
Washington - Ten top-notch banks and mortgage companies have agreed to drain out $8.5 billion in order to resolve complaints that they illegally foreclosed on those houses which should have left bared. The resolution that announced this Monday involved names of some of the biggest names in the financial industry, including Wells Fargo & Co., Bank of America Corp ...
Read more
The elderly among us often remain skeptical with this single thought since it is the remaining root depending on which they wait for the end days. Sometimes, the old people even find this conflict overwhelming and simply collapse. They live in an atmosphere of fear without knowing what the reality is. Yes, the reality is Social Security income is absolutely exempt ...
Read more
Collection calls are dreaded and can create bone-chilling effect on the debtors. It’s not misplaced fear even, and the recent revelations about the debt collector harassment can prove that. Collectors can actually be represented as the protagonist of the horror stories, since they can go to any extent to extract as much money as possible out of the debtors. Check ...
Read more
Debts are being paid off - At least, that’s what the statistics show. The Federal Reserve estimates show that the household debt-service ratio fell down to 10.38 percent. This shows promise, since the ratio points out the share of debt payments to the disposable personal income of the US citizens. The reason behind 2008 economy collapse The economy collapse in ...
Read more
The Fair Debt Collection Practices Act (FDCPA) was implemented to bring an end to the unruly and unscrupulous debt collection tactics. Though it has comparatively reduced the collector harassments, it hasn’t been able to put a downright end to it. That’s mostly because, many of the US citizens aren’t aware of their rights under the FDCPA. The Federal Trade ...
Read more
Consumer debt burden is a major issue in the US, since thousands of the citizens are staggering under some form of debt or the other. With time being a major issue in the debt related disputes, the Statute of Limitations (SOL) holds much significance in all of the US states. However, multiple SOL seems to be confusing everyone when it comes to paying off an ...
Read more
