A recent article by Bankruptcy Law Network member Jay Fleischman talks about statutes of limitations that apply to credit card debt.
The case, Capital One Bank USA, NA v Gregorich, dealt with whether Capital One’s lawsuit against Ms. Gregorich was filed on time, or was barred by the statute of limitations. Ms. Gregorich lived in Florida, [...]

Scott Hanson, a news reporter and anchor with WESH-Channel 2 in Orlando, wrote an article that would be funny if it weren’t so sad. His father died, and yet he continued to receive letters demanding payment, despite Mr. Handon’s repeated letters in response.
The article may be read by clicking on this link.
If you liked that [...]

A report issued by consumer watchdog group Public Citizen talks about the numerous problems with arbitration clauses in consumer transactions in its comprehensive report, “The Arbitration Trap—How Credit Card Companies Ensnare Consumers”.
Public Citizen’s conclusion? “This report shows that binding mandatory arbitration is a rigged game in which justice is dealt from a deck stacked [...]

Recently, several members of the Bankruptcy Law Network were having a discussion about a payday loan. The payday loan company would loan someone $100, and they would have to pay $115.00 back two weeks later. What is the interest rate? (No, this isn’t a word problem on a math test!)

If you’re in financial problems (and even if you’re not) you’ve probably seen the ads for “payday loans.” Sounds good–if you’re short at the end of the month, just borrow a small amount of money, usually $100 or $200, for a short period of time, and then pay it back when you get paid.
So why [...]