If you owe quite a bit of money to creditors and are thinking of either debt settlement or bankruptcy, you may want to think of a safe place to put those funds so a creditor can’t collect on a judgment by levying your bank account. Did you know that the creditor can garnish the debtor’s …
How to Open a Bank Account No Creditor Can Touch Read More »
Search on Google to learn about cryptocurrency, and the abundance of choices is mind-boggling. Coursera classes, countless YouTube videos, podcasts, articles with titles like “Learn to Trade Crypto” and “Crypto: A Beginner’s Guide” and universities offer such course options as Online Blockchain Bootcamp. But how do people know which sources to trust? According to a …
Will Crypto Become Global Currency? 40% of Americans Say Yes Read More »
If you’ve gotten too far behind on bills, debt collectors might start bugging you. And debt collectors generally are allowed to contact you about overdue debts. But there are a number of things they’re not allowed to do. As a consumer, it’s important that you understand what debt collectors can and cannot do. Follow along …
The Fair Debt Collection Practices Act: What are Your Rights? Read More »
What you need to know about the new student loan debt forgiveness plan The average student loan debt per borrower is around $30,000, though many people owe much more than that. Having high amounts of any kind of debt can be stressful, especially if you’re trying to focus on your — or your family’s — …
DebtHammer Newsletter #9: The Tools You Need to Become Debt-Free Read More »
While debate continues to rage over the Aug. 24 announcement to cancel some student loan debt, the consensus is clear that Americans have been struggling to cover day-to-day expenses due to student loan payments. In fact, almost half of student loan borrowers have used a payday loan or other high-interest short-term loan to make one …
Are Student Loans a Scam? More than 60% of Borrowers Think So Read More »
School is just around the corner, so if you haven’t started gearing up for it, now’s the time. For a lot of parents, this year is more important than ever. Not only is the cost of school supplies going up but, with recent events, there’s also the safety of your child to consider. With that …
DebtHammer Newsletter #8: The Tools You Need to Become Debt-Free Read More »
As kids head back to school this year, parents are facing one particularly big challenge: fear. On May 24, 2022, 18-year-old Salvador Ramos fatally shot 19 students and two teachers at Robb Elementary in Uvalde, Texas, and headlines are still swirling about the police response that day, leaving parents and students a bit wary and …
85% of Parents Worry About School Safety, Survey Shows Read More »
Combining finances often makes sense for long-term partners (whether married or not). It’s a way to commit more to each other and simplify financial affairs. But what about debt? According to a 2017 survey by MagnifyMoney, money problems were the primary cause of one in five divorces. And considering that 27% of Americans don’t have …
‘Til Debt Do Us Part? Consolidation Loans for Married People Read More »
Payday loans can quickly trap you in a cycle of escalating debt. If you’re in that trap, one of the first steps toward freedom is to find out if your lender is licensed in your state. Stuck in payday debt? DebtHammer may be able to help. How to determine whether your payday lender is licensed …
Is My Payday Lender Licensed in My State? Here’s How to Find Out Read More »
Not paying consumer debts, like credit cards or loans, won’t usually result in jail time as this isn’t considered a criminal offense. However, there are several states where you can go to jail for unpaid debts like federal taxes or child support. The process is not always straightforward, though. For example, it can come with …
States Where You Can Go to Jail for Unpaid Debts Read More »