Making large purchases before filing for bankruptcy is generally frowned upon, but Ohio residents who are struggling with unmanageable bills sometimes have few choices. A reliable car is a necessity for those who commute to work and have few, if any, public...
Month: January 2017
SCOTUS hears arguments in debt collector case
Debt collection companies in Ohio and across the country are part of a growing industry that is already worth about $13.7 billion each year. These companies buy tranches of debt for as little as 1 or 2 cents on the dollar, and they then hound consumers for payment...
CFPB report reveals violations of debt collection rules
Receiving calls from debt collectors is a part of daily life for many Ohio residents, but a report from the Consumer Financial Protection Bureau reveals that many of the companies behind these calls routinely ignore federal regulations and subject consumers to tactics...
Why eliminating credit card debt should be a priority
Many Ohio residents make promises to themselves at the beginning of a new year to improve their lives in some way. For example, some may choose to pay off bills. Reports indicate that the average U.S. debt-carrying household is responsible for at least $16,000 in...
Bankruptcy or divorce: which should come first?
Financial difficulty is one of the main reasons that Ohio couples file for divorce. While ending the marriage may be the best option for your individual situation, this option does not mean that your financial struggles will be over once the process is finalized. In...
DMX files for bankruptcy for the third time
Ohio music fans may be interested to hear that rapper DMX has filed for his third bankruptcy since 2009. The first case was thrown out for unreasonable delays while the 2013 bankruptcy was discarded because the judge believed that the rapper was misrepresenting his...