May, 2014

5 Facts to Know about Colorado Bankruptcy Exemptions (Pt. 1)

May 30, 2014

When filing for Chapter 7 bankruptcy, people can protect some of their assets from being liquidated to repay their creditors by taking advantage of Colorado bankruptcy exemptions. These exemptions can apply to various types of assets, with the specific value of the asset determining whether that property qualifies for exemption. Here and in a second…
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Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA) (Pt. 3)

May 27, 2014

Concluding Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA), here is some final essential information that borrowers should know when it comes to their rights and dealing with creditors. FDCPA: More Prohibited Conduct for Creditors In addition to not calling borrowers at weird hours, incessantly and at work, other things that third-party debt…
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Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA) (Pt. 2)

May 23, 2014

Picking up from Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA) (Pt. 1), here we will continue our discussion regarding the important provisions of the FDCPA that all borrowers should be aware of. While the first part of this blog was focused on pointing out some of borrowers’ specific rights as laid out…
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Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA) (Pt. 1)

May 20, 2014

Established in 1977 as an amendment to the Consumer Credit Protection Act, the Fair Debt Collections Practices Act (FDCPA) is a statute that is intended to protect borrowers from potentially abusive practices creditors may use when trying to collect debt. While the FDCPA specifically outlines borrowers’ rights, as well as prohibited actions for creditors, it…
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6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 3)

May 16, 2014

Concluding our three-part blog 6 Tips That Can Help You Pay Off Credit Card Debt, here are some final tips that borrowers should keep in mind when they are ready to start seriously paying down their credit card debt. Tip 5: Dip into your savings. Your savings should be considered to be a financial safety…
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6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 2)

May 13, 2014

Continuing from 6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 1), below are some additional helpful tips that borrowers should keep in mind when they are ready to focus on paying off their credit card debt. Tip 3: Limit or suspend your use of your credit cards. Paying more than the…
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6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 1)

May 10, 2014

While the total amount of credit debt carried by Americans is reportedly more than $793 billion, the average household in the U.S. carries more than $15,000 in credit card debt (according to statistics compiled by the Federal Reserve and TransUnion). In fact, credit card debt is among of the primary reasons that people end up…
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The Fair Credit Reporting Act (FCRA) & Your Rights (Pt. 3)

May 6, 2014

Concluding our three-part blog The Fair Credit Reporting Act (FCRA) & Your Rights, here we will spotlight some additional borrowers’ rights provided by the FCRA. If you feel that your rights as a borrower were violated by a credit reporting bureau, you are encouraged to contact the Federal Trade Commission. If, however, you are ready…
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