Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
By now, most of the US citizens know that once you get into the payday loan trap, it’s extremely difficult to get out of it. A new report by the Consumer Financial Protection Bureau (CFPB) also affirmed the fact, as it pointed out in details that how the payday loans have been sucking the life-breath of the consumers. Who offers the short-term credits? The payday ...
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Student loan debt crisis is not something new or unheard of. It has topped headlines since it galloped over the $1 trillion borderline, and can boast of an ever-increasing default rate. Thousands of the American citizens are down with their student debt burden. What makes it worse is that, the student debts can’t even be easily eliminated, mainly due to their non- ...
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The way student loans have been costing the U.S. economy, it was time the federal government to do something about it. Now, that they have decided and imposed new mandates, the consumers must be made aware about the alterations so that they can get a solid footing. Check out the changes in the federal loan program, which are going to affect the students in the near ...
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JPMorgan Chase had come under the federal spotlight in 2011. Further probes revealed that the company had been filing lawsuits against debtors and using faulty documents for the purpose. The enquiry opened up floodgates and the federal regulators have decided to widen their investigation. The investigation will supposedly dig deep into the files of the nation’s ...
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The rise in Social Security taxes for the U.S. citizens had been a cause of concern amongst the economists. It was assumed that the tax increase will force the consumers to cut down their shopping habit, which might consequently have its effect on the national economy. While the U.S. consumers have already been struggling to cope with the inflation and recession, the ...
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Statistics from the National Association of Federal Credit Unions strongly back the point that the credit unions are a much preferred choice over the banks. Membership for the credit unions have rose to around 95.2 million in the recent times which was 88.6 million earlier. Along with that the unions hold more than $1 trillion in assets. Most of the growth has taken ...
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The best way to get a copy of your credit report is through annualcreditreport.com. You should avoid private websites offering free credit reports as it is common for these reports to have missing information and they tend not to be updated as regularly as the direct source.Annualcreditreport.com was created by the three nationwide consumer credit reporting companies ...
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Many factors go into the decision as to whether to file for bankruptcy, but also when to file for bankruptcy. This post will discuss timing and other considerations as they relate to the receipt and spending of tax refunds. During the early months of any year, most factors go into the decision as to whether to file for bankruptcy, but also when to file for bankruptcy ...
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