There is nothing worse than the thought of losing your home to foreclosure. Not only does this put you out of your home, but it will also impact your finances for many years to come.
Debt collectors may soon add a new weapon to their arsenal for collecting money from consumer debtors. The Consumer Financial Protection Bureau (CFPB), the agency tasked with protecting consumers that was founded in the wake of the country's most recent financial crisis, has proposed some new industry rules.
We should only buy things we can afford, but that doesn't stop us from making some bad financial decisions. In many cases, people make all the right choices and circumstances still keep them from financial success. Although creditors often have the right to reclaim what they are owed, they must follow specific rules regarding repossession.
Financial exploitation of the elderly remains a major problem throughout the country, with elderly individuals and their children concerned about this. Fortunately, with the proper knowledge, it's easy to spot a scam and avoid it before it takes its toll.
According to the Federal Trade Commission (FTC), advertising is considered to be deceptive when it omits, misleads or falsely represents a product or service. This type of marketing can be presented in both written and oral forms. Since there are penalties that retailers face for engaging in false advertising, very few use this sales tactic each year. There are some deceptive techniques that they use more often than others.