AT LEAST THE COLLEGE TUITION IS PAID…OR IS IT?

This is a common scenario in this economy. Parents struggling to make ends meet,  try to make sure to pay their children’s college tuition first,  so their kid gets a good education.    Parents then have to choose what to pay next and sometimes,  have to let the rest of the bills take a back seat.   They end up amassing huge credit card debt and/or second mortgaging their home, losing the equity.  And sadly, when things get badly out of control,  the parents might have to file for bankruptcy.   Even though the tuition has long been paid to the university, and 

Read More

Is a “debt buyer” suing you?

Unfortunately, in this economy it is familiar story.  You have a credit card or two that you could no longer afford to pay, using common sense; you paid your mortgage and bought groceries for your family instead.  Now the sheriff is at your door with a summons and complaint.  But who is suing you? In many instances it is not the credit card company, it is a business that bought the debt for ten cents on the dollar and now they are trying to make their profit from you. But do these “debt buyers” actually have the legal right to 

Read More