Giving Up Your Rights--Without Knowing It!
by Scott Bilker
If you have a Capital One credit card, then I highly recommend you read this entire article! I just received a letter from Capital One informing me that "enclosed is an important legal notice regarding arbitration" and I need to "read the entire notice to fully understand its implications" to my account.
Debt Collection
by Gary Foreman
Dear Dollar Stretcher, I had an outstanding judgment against me for $1,000 to pay off an apartment lease that was broken when my ex-husband and I divorced. The total amount owed prior to the judgment was $1,700. The third-party collector who's been calling me insists that I pay that amount. The court said I owe $1,000 which has been paid in full. What can I tell the collector to make him go away?
General Credit Card Knowledge Quiz
by Scott Bilker
We all use credit everyday and it's important to know the basics of handling our debt to ensure that we're always getting the best deal. Take the quiz to check your personal plastic awareness level!
Inherited Debts?
by Gary Foreman
I've heard that when parents are in debt and they die the debts are left to the children to pay off. Is this true? My parents had gotten a divorce a few years ago. My mom is doing well because she is a saving queen. My dad had remarried two years ago. His wife does not work but loves to spend money. So now they have a $20,000 debt. If my father dies, his wife is responsible for the debt, right? What happens after she dies and there is still that debt? Also, what happens if she dies first, and then my father--who gets the debt?
Soldiers' and Sailors' Relief Act of 1940
by Paul Stone
Under provisions of the Soldiers' and Sailors' Relief Act of 1940, reservists may qualify for any or all of the following: (1) Reduced interest rate on mortgage payments, (2) Reduced interest rate on credit card debt. Protection from eviction if your rent is $1,200 or less, and (3) Delay of all civil court actions, such as bankruptcy, foreclosure or divorce proceedings.
Identity Theft--A Personal Story
by Robert Gamble
I called the credit card company, and came to find out that someone else had signed up for the card, they had my name, my social security number, my address...
Fair Credit Billing
by Federal Trade Commission
Have you ever been billed for merchandise you returned or never received? Has your credit card company ever charged you twice for the same item or failed to credit a payment to your account? While frustrating, these errors can be corrected.
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