If you’re looking for easy to understand legal advice on all sorts of financial problems check out “Money, Credit and the Law — Know Your Rights!”
It’s a free, six-part series of online videos produced by the Center for Consumer Law at the University of Houston Law Center.
I like them because each video is short [...]

I just had a doctor overcharge me (twice) and keep the extra money until I figured out what happened.
First, I was charged a $40 co-pay for the consultation before a minor surgery.
The next week I was billed another $40 to pay for part of the surgery the doctor’s office said was not covered by my [...]

Many families with medical insurance are shocked when an illness or accident strikes and their insurer leaves them with tens of thousands of dollars in unpaid bills.
In most cases that’s because they’re underinsured. Their policies have such strict limits on how much the insurer will pay, that they’re left holding the bag most of the [...]

The government’s new Income Based Repayment Plan may allow you to write a smaller monthly check for your student loans starting July 1.
The program will be open to graduates with one of the major types of federal student loans — Stafford, Grad PLUS or Consolidation loans made under either the Direct Loan or Federal Family [...]

Fred took a different approach to paying off his credit cards. He deliberately missed a couple of payments, then called the credit card companies and asked them to slash his balances.
Bank of America, Discover and Citibank all said yes, offering settlements from 40 to 60 cents on the dollar. No arguing, no fighting, no [...]

Falling behind on your credit card payments, defaulting on an auto loan or losing your home to foreclosure could cause you to be turned down for a job.
A new study by the Society for Human Resource Management found 42% of companies that do background checks on job applicants are pulling credit histories to see if [...]

Debt collection agencies have been working their public relations agencies overtime, trying to convince us that they’re sympathetic to people who have fallen onto hard times in this awful recession.
They’ve also promised that they’re following all the laws that regulate what they can and cannot do to get debtors to pay up.
Are pigs flying?
A [...]

Medical bills, not credit card debt, are the major reason most Americans are file for bankruptcy.
And the problem just keeps getting worse.
A couple of years ago about half of all bankruptcies were caused by doctor and hospital expenses that families just couldn’t pay.
Now a new study by the Harvard Law School, Harvard Medical School and [...]

A new deal between the nation’s best credit counselors and the biggest credit card companies could help more borrowers repay their debts.
The credit card companies have agreed to accept smaller payments, over a longer period of time, when members of the National Foundation for Credit Counseling negotiate repayment plans on behalf of struggling cardholders.
When borrowers [...]

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Stephen Colbert dove into the fray over slimy lending last night with an hilarious look at the “Payday Loan Reform Act of 2009″ introduced by Rep. Luis Gutierrez, a Chicago Democrat.
“These days, credit [...]

“Dead people are the newest frontier in debt collecting,” according to the New York Times.
Creditors can always file a claim against an estate. But when there’s no estate to ding in probate court, collection agencies and law firms that specialize in asking family members for the money start calling.
Although laws vary from state to [...]

Paying all the fees for bouncing a check is costly enough.
Should you also have to put up with a private company tracking you down and demanding that you attend one of its costly personal finance classes to avoid prosecution?
In 2006, Congress passed a law that allowed district attorney’s offices to hire private companies to pursue [...]

While you would probably love to be able to reap the gains of the stock market, you may not be willing to endure the risk and volatility that comes with that territory. At this point, you may be too close to retirement to be willing to subject your portfolio to a possible market downturn. However, [...]

While many older Americans are afraid of the stock market with its risk and volatility, their perception of bonds and other fixed-income securities are often very different. Even though the values of many fixed-income investments fluctuate in the secondary market, the interest that they pay remains constant. Furthermore, the rates on many of these instruments [...]

Credit scores seem to be one of the biggest sources of mystery and myth on the face of the planet. They are the financial equivalent of the Bermuda Triangle or Bigfoot. In fact, I would say that it’s the single largest subject I continually hear people give bad advice about.
Since your credit score has a [...]

Entrepreneurs are the brave souls who make our economy go, or at least they were when our economy was actually going anywhere. Especially in this currently questionable financial climate, starting your own business is undeniably a dicey proposition. Start-ups go out of business all the time, often before they even have a chance [...]

People in debt sometimes find they cannot pay their bills. Various circumstances like illness, death of the bread winner, accidents, etc. happen to even the most stalwart of consumers.
When the non payment escalates to the point that a debt collector enters the picture, the pressure becomes intense. Some debt collectors use unauthorized and unlawful [...]