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Can You Defend A Credit Card Lawsuit When You May Owe The Money? »

The answer is yes. Whether you owe the money or not, the plaintiff (the person or company) suing you must still prove their case and prove that you owe the money. Sometimes, folks “think” they may owe the money but can’t really remember when it has been a long time since the [...]

Who Pays Bills When Someone Dies? »

The Internet is a wonderful place. No matter what the topic, there is an article about it that is dead wrong.
Such is the case with a recent story (in the fullest extent of the word) I read, “When Someone Dies, Who Is Responsible for Paying His Debts?” that appeared here. This story is full of [...]

The Debt Domino Effect »

The credit industry’s aggressive improvident lending is starting to reap the same brambles we saw with the subprime mortgage industry.  “Let’s punish the lenders of easy credit” is the title of a recent article by Liz Pulliam Williams on MSN money.  My collegues, Jill Michaux  in her article,  and Kurt O’Keefe in his article have already [...]

A Debit Card for Your 401k? You Gotta Be Kidding Me »

Believe it or not, some employers are making available a product that provides employees with a debit card that accesses the employee’s 401k plan. On Street.com, Simone Baribeau says it all in one sentence:
Borrowing against your nest egg is becoming as easy as stopping at an ATM.
In a word, no. In fact, [...]

New Missouri Law: Medical Bills Intercept Tax Refunds »

Beginning January 1, 2008, medical creditors could have the State of Missouri collecting their debts for them by taking your tax refunds. Once again, creditors have convinced legislators to allow them to take your money without giving you a meaningful way to defend yourself.
Under the new law, a health service provider like a hospital [...]