When an asset gets repossessed, it's stressful enough even if you understand why it's happening. If you don't make your mortgage payments and they start to foreclose on your house, you know why you reached this point, but it still puts incredible pressure on you and...
6 common mistakes found in credit reports
There are many reasons to review your credit report regularly, with the potential to pinpoint a mistake at the top of your list. It's difficult enough to obtain and maintain a good or excellent credit score without a mistake (or several) on your credit report. But if...
What laws exist to protect consumers in Minnesota?
There are various consumer laws in place here in Minnesota that aim to protect state residents from companies that look to create monopolies. There is also legislation on the books that protect Minnesotans from falling victim to deceptive business owners. Other laws...
Feds: The Telephone Consumer Protection Act wasn’t violated
Plaintiffs in Illinois, who'd previously filed suit in U.S. district court accusing the owners of a medical marketing company of violating their rights by sending them text messages lost their Telephone Consumer Protection Act (TCPA) case last week. A judge ruled that...
What’s being done to minimize wrongful repossessions?
Software and app developers have been hard at work during the past few years developing mobile technology aimed at curbing wrongful repossession (repo) rates of vehicles. One of the standout programs that has emerged from all of their hard work is a mobile platform...
What should you say to a debt collector who calls you?
If you have some type of past-due debt (and even if you don't), you could hear from a debt collector. A phone call from a debt collector can catch you off guard, making it difficult to respond in the appropriate manner. Fortunately, when you have a plan for what you...