Oak View Law Group
“Save up with an emergency fund” – You must have come across this advice several times. But, do you know that you can even keep a credit card safe for the emergencies? Not that it’s essential, but your emergency credit card may come in handy when you land up with unexpected financial crisis. An emergency [...]
The United States Consumer Financial Protection Bureau (CFPB) finally puts tools in the hands of consumers to help them communicate with the debt collectors on legal terms. The CFPB announced on July 10 that it will now be accepting consumer complaints regarding illegal debt collection practices. The bureau will also publish action letters to guide [...]
Dealing with bank creditors can be very difficult, even when you are under the protection of the Bankruptcy Court. At times the creditor/bank will not comply with the Chapter 13 bankruptcy order requiring surrender of the property. Know what can be done in such situations.
The rise in Social Security taxes for the U.S. citizens had been a cause of concern amongst the economists. It was assumed that the tax increase will force the consumers to cut down their shopping habit, which might consequently have its effect on the national economy. While the U.S. consumers have already been struggling to [...]
One of the most common questions I am faced with, during my bankruptcy consultations is, "Will I lose my home or my savings in my home?" Fortunately, for most, the answer is "NO".
Debt collectors can call you day and night and pester you about paying your overdue bills. Knowing the federal rights can definitely be of help when you want to ward off collector harassment.
JPMorgan Chase had come under the federal spotlight in 2011. Further probes revealed that the company had been filing lawsuits against debtors and using faulty documents for the purpose. The enquiry opened up floodgates and the federal regulators have decided to widen their investigation. The investigation will supposedly dig deep into the files of the [...]
By now, almost everyone knows that the ‘plastic’ cards can be damaging for the finances, if they’re not used sensibly. A credit card in the wrong hands can bring about financial ruin to an individual. Therefore, sharing your credit card account with another individual is something that most consumer advocates strongly advice against. Yet, some [...]
The way student loans have been costing the U.S. economy, it was time the federal government to do something about it. Now, that they have decided and imposed new mandates, the consumers must be made aware about the alterations so that they can get a solid footing. Check out the changes in the federal loan [...]
Consumers usually believe that with a Chapter 7 bankruptcy filing, they will lose all their property. However, most aren't aware that property exemptions are allowed under Chapter 7. The exemptions also vary from state to state.