After resolutions about getting in shape and losing weight, resolutions aimed at improving finances are often among the most popular made by people every year. And this year is no different. The top three financial resolutions being made by people across the United States in 2022 are: Saving more money Paying down debt Spending less [...]
In our recent posts, we have been detailing and discussing the important role that debt collectors play in the overall economy, by helping companies recover revenue that allows them to stay in business and to help consumers ensure their financial futures are not negatively impacted because of unpaid debts. To help accomplish that objective, it [...]
You know those couples who are capable of finishing each other's ... sandwiches? Oops, meant sentences. But you know those couples, who are perfect together and whose strengths and weaknesses complement one another and who seem to have it all figured out? Maybe you're lucky enough to be one half of that kind of couple. [...]
There is an old saying, "It is the not the answer that enlightens, but the question." Think about that for a second. It is the question that enlightens, not the answer. There is a lot of truth in that statement. Without an insightful or well-timed question, there is not a chance for someone to give [...]
There is little doubt that many people across the country have benefitted from the economic stimulus programs that the federal government has put in place following the onset of the COVID-19 pandemic more than 15 months ago. So many people were helped that the poverty rate across the country actually dropped last year, at a [...]
Last time, we talked about some of the changes that are coming to the debt collection process, including communications that are sent via email and text messaging. Some consumer advocacy organizations have expressed concerns that consumers are going to be deluged with messages via electronic channels by debt collectors. But the rules that are going [...]
There have been no shortage of headlines in the mainstream media in recent months seeking to warn consumers that the next text message or direct message on Facebook may be coming from a debt collector. And while that may be true, it is hardly a cause for concern that consumers should be worried about. The [...]
Don't just hang up the phone if you think someone is trying to scam you Report calls you think are scams If you have traveled anywhere by plane in the past 20 years, you have likely seen a poster or billboard that says, “If you see something, say something.” The objective of the message is [...]
When you think about it, so much of what we do on a day-to-day basis boils down to trust. We trust that people in cars driving around us are going to act responsibly and pay attention. We trust that the restaurants we order food from are going to prepare our meals safely and properly. And [...]
Perhaps lost in the shuffle of news detailing the COVID-19 pandemic and the presidential election was the release of a rule by the Consumer Financial Protection Bureau that aimed to modernize how debt collection is conducted across the United States. The release of the rule is the first time that the debt collection process has [...]
