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Personal Finance
The “Statute of Limitations” for credit card debt is a law limiting the amount of time lenders and collection agencies have to sue consumers for nonpayment. That time frame is set by…
If you’re contemplating a divorce, you may be wondering: how will credit card debt be divided? There are several factors that can influence who pays. Whose name is it in?…
Debt is a growing threat to the retirement plans of Americans. In fact, the only time most retirees will be out of the hole will be when they get put…
First job? Congratulations! Welcome to the workforce! First paycheck? You have some planning to do. Paychecks are your ticket to join – and enjoy – America’s economy, but there are…
Borrower beware! If you are hoping to score a car or home loan and don’t know your debt-to-income ratio, you probably want to check into it. You might find out…
A disturbing number of Americans are speeding toward a financial cliff called retirement. Unless they change their saving habits, they may well barrel over the edge and land in poverty.…
Getting a pink slip might not be as devastating as learning you have a serious medical problem, but the trauma of losing a job can hit hard, especially for those…
With the rise of online shopping, there is no doubt that Americans are using credit cards more than ever. There’s also no doubt that a lot of them are wasting…
If you want a raise in 2018, please don’t hold your breath. You might not make it to 2019. More than half of Americans haven’t gotten a raise in the…
So you want to avoid financial problems in 2018? Fear not, Uncle Sam is on the case. The Consumer Financial Protection Bureau has come out with a first-of-its-kind survey on…
Sources:
- Heath, R. (2019, December 11) What is the statue of limitations on debt in each state? Retrieved from https://www.bankrate.com/finance/credit-cards/state-statutes-of-limitations-for-old-debts/
- Welsh, K. (2017, April 4) State by State List of Statute of Limitations for Judgments. Retrieved from https://www.creditinfocenter.com/rebuild/statutelimitationsjudgments.shtml
- (2018, March). Debt Collection FAQs. Retrieved from https://www.consumer.ftc.gov/articles/debt-collection-faqs
- (2018, June 15) Judgments No Longer Included on a Credit Report. Retrieved from https://www.experian.com/blogs/ask-experian/judgments-no-longer-included-on-credit-report/
- (2017, August 14) How can I verify whether or not a debt collector is legitimate? Retrieved from https://www.consumerfinance.gov/ask-cfpb/how-can-i-verify-whether-or-not-a-debt-collector-is-legitimate-en-1699/
- Detweiler, G. (2015, April 20) 7 Things You Need to Know About the Statutes of Limitation for Debt. Retrieved from https://finance.yahoo.com/news/7-things-know-statutes-limitation-090002068.html