Why Do People Take Out Payday Loans?

From the desk of lead San Francisco attorney Alison Cordova A recent study by Pew Charitable Trusts shows that most payday loans...

Making Only the Minimum Payments? Danger Ahead!

Making only the minimum payments on credit card debt is a high interest trap. When consumers are having financial problems, many...

For the first time in twenty years, credit card purchases took over debit cards. According to the Nilson Report, credit cards...

A group formed by Occupy Wall Street activists, Rolling Jubilee, just bought almost $15 million of Americans' personal debt from...

Ocwen, one the largest mortgage debt collectors in the United States, is considering collecting other consumers debts. Ocwen...

The Consumer Financial Protection Bureau (the "CFPB") is getting ready to update rules on how debt collectors can communicate with...

More and more retirees are hit with medical debt at a time when they should be thinking about retiring. Patients often face...

R&B singer Mary J. Blige just settled a large business debt with TD Bank. The original amount of the loan was $250 thousand...

In the good ole days, Las Vegas was a mob run town where not paying your gambling debts could get you “roughed up”, or “knocked...

As of November 4, 2013, millions of Americans will be able to access their FICO credit scores for free. FICO announced a program...

US consumer delinquencies on debt rose in the second quarter of 2013. After the 2008 recession, delinquencies rose sharply then...

Currently, the Fair Debt Collection Practices Act (the "FDCPA") does not apply to creditors that are attempting to collect a debt,...