Blogs

In what should turn out to be very good news for consumers throughout the country, an agreement was announced by all three of the major credit reporting agencies (Equifax, Experian, and Trans Union) (CRAs) with New York Attorney General Eric Schneiderman.  This agreement will change the way that the credit reporting agencies handle errors and list unpaid medical bills as part of the broadest industry overhaul in many years.  T

Sometimes, clients are hesitant about including creditors when seeking debt relief. One reason is that they believe the creditor has their best interests in mind. It is not uncommon for people to believe that their creditors are their friends when that could not be further from the truth.

President Obama is expected to speak about payday lending when he gives a speech at Lawson State Community College today in Birmingham.  Reports state that U.S.

I am asked this question quite a lot around this time of year.  It is natural for clients to use tax refund money to pay a loan to a family member. Many times that is why the family member made the loan; they were promised that they would be paid back with tax refund money.

The answer is maybe. If you are struggling with large student loan balances, you’re not alone. The Consumer Finance Protection Bureau estimates that approximately 40 million Americans owe student loans with the average debt owed totaling $29,000.00. And many student loan borrowers owe balances much more than the average.

It is a common belief that filing Bankruptcy will result in a person losing their home, vehicles, or other property.

Clifton R. Jessup Jr.

A prospective client came into our Birmingham, AL office to get more information about Bankruptcy. As we were reviewing her list of creditors, she noted that one of the creditors had a cosigner.

In 2008, Congress passed the National Guard and Reservists Debt Relief Act and it was signed by the President into law on October 20, 2008. This new law became effective on December 19, 2008.