debt

Why are we in a student loan crisis? Student loans are normal. But normal is not setting college graduates up for success. Instead, it has put us in a student loan crisis. According to the Wall Street Journal, the average college student graduates with $35,000 in student loans, and it’s taking on average 20 years […]

Peter Thomas, who was once on “The Real Housewives of Atlanta” has been revisited by a batch of bad luck that has to do with tax issues. According to federal records, Peter’s Sports One Bar and Lounge in Charlotte was hit with a tax lien for nearly $237,000 … and now the establishment is closing […]

WHY IS MILLENNIAL DEBT ON YOUR MIND? Last week, Northwestern Mutual released a report showing that young Americans – particularly millennials – are carrying significantly levels of debt. The data shows many young people have financial burdens that their parents and grandparents did not have, and it is likely to have profound implications for their […]

Are student loans good debt that can open the door to a career or an insurmountable burden? Is all credit card debt a sign of reckless spending, or can it be a smart way to cover an expense? In general, no form of debt is inherently “good” or “bad.” What makes it good or bad […]

Today we are discussing debt collection. Why? Debt collection affects millions of Americans. For several years. the number of households who had accounts in collection was in decline, as many households embraced more responsibly financial practices in the wake of the financial crisis. However, recently we have seen this trend reverse.  Over 25 million Americans […]

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A man in Georgia faces life in prison without parole plus 15 additional years for shooting a man six times and killing him rather than repaying his son’s debt. According to Channel 2 Action News, 49-year-old Joe Rayton was convicted of murder and other charges in connection with the May 20, 2016, shooting death of […]

R. Kelly is back in the news because his landlord just made a strategic move to get the back-rent money Kellz has been holding out on. The landlord, Midwest Commercial Funding, simply went to court and got a subpoena issued against Sony Music Holdings, Inc and was able to get the music company to freeze $264,535 […]

While paying off $1,700 in credit card debt in 2014, Jamie Griffin cut up his card. To tackle the remaining $90,000 in student loans he and his wife carried, he read personal finance experts’ tips and turned to cash and a spreadsheet to budget. Now that most of their debt is paid off, he’s giving […]

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Little Rock, Ark. – Acting on behalf of thousands of individuals threatened with jail for nonpayment of court-ordered debt, the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee), Venable LLP, and Shults & Adams LLP filed a lawsuit today alleging that Arkansas District Court Judge Mark Derrick routinely jails poor people for nonpayment of court-imposed fines […]

The Oscar-nominated director allegedly owes the former Roc-A-Fella mogul $2 million for investing in some of his earlier films.

  CONSUMER DEBT IS ON YOUR MIND. WHY? While we have been paying a lot of attention to the good economic news in recent months – low unemployment, the continued bull market, lower taxes – we have also seen consumer debt growing at a rapid clip. According to a recent report by Lending Tree, the […]

ALBANY, N.Y. (AP) — The New York state comptroller’s office says the nation’s four most-populated states carry the highest total amount of credit card debt, with California leading the way followed by Texas, Florida and New York. Democratic Comptroller Thomas DiNapoli (dee-NAP’-oh-lee) says in a report released Tuesday that Californians had racked up more than […]