Archive for the ‘Debt’ Category

Why We Keep Falling for Bad Deals

Even the most trusting among us understand that people who are trying to sell us something may not be completely honest. But it still seems like for every scam uncovered and prosecuted, several more are hatched and sprung on unsuspecting consumers.
Still, understanding why we tend to buy into scams may help us avoid them in [...]

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Employers Opening Up to Personal Finance Seminars in the Workplace

The effects of the recession have spread far and wide, even into the workplace.
While the office has not traditionally been a setting for discussions of personal finance, the (South Florida) Sun Sentinel is reporting that, in Florida, there is a change of attitude taking place.
Employers are becoming increasing more aware of and supportive of the [...]

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Online Auctions Not Always such a Great Deal

The auction web site Swoopo.com may initially seem like a hotspot for amazing bargains – the front page includes products like laptops, digital cameras, and Windows 7 software. And the prices are astonishingly low: with a little more than four minutes left on the bidding clock, a MacBook Pro was going for less than a [...]

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9 Things to Know about Wage Garnishment

If you’ve fallen behind on debts, your creditors can get to your money even if you refuse to pay them by garnishing your wages. Here are 9 things you should know about wage garnishment:

Wage garnishment can take up to 25% of taxed income for most debts—but up to 65% for failure to pay child support [...]

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Debt Collectors Not Affected by ‘Robocall’ Ban

A new rule goes into effect tomorrow, September 1st, that could silence phones throughout the country: a ban on so-called “robocalls”—automated calls from telemarketers.
Prerecorded calls offering time shares, auto warranties and other offers will be silenced, and those who violate the regulation will face hefty fines, according to the Federal Trade Commission.
While the thought of [...]

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Credit CARD Act: Phase One

One of the biggest reforms to the credit card industry goes into effect today, and while the changes may not improve your bottom line immediately, credit-savvy cardholders will appreciate the changes.
The Credit Card Accountability, Responsibility and Disclosure Act of 2009, signed by President Obama in May, helps to prevent abuse by credit card companies. As [...]

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