Consumers have protections from their creditors, but consumers also have liability to their creditors. Knowing your rights and obligations is the best way to make informed decisions.

How to Protect Yourself Financially During COVID-19 Crisis

By CFPB – MAR 16, 2020 (the following is a reprint from Consumer Financial Protection Bureau’s website) Federal, state, and local governments are working to respond to the growing public health threat of coronavirus, or COVID-19. As communities across the country are dealing with an increase in the number of reported cases, many areas may […]

Scams on Seniors – COVID-19 and More

DO NOT FALL FOR SCAMS – CURRENTLY THERE IS NO CURE FOR COVID-19 (RESOURCES FOR SENIORS) Attorney General Brnovich and Senator Sinema Issue Warning Regarding New COVID-19 Senior Scams PHOENIX (the following is a reprint from the Attorney General’s website) – Attorney General Mark Brnovich and Senator Kyrsten Sinema are teaming up to remind Arizona […]

Tax Day Deadline Moved for Filing 2019 IRS Taxes

According to the IRS: Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed. IR-2020-58, March 21, 2020 – The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

Protecting Renters and Homeowners During COVID-19

Announcement from NCLC:  The COVID-19 pandemic has caused widespread disruption in the daily lives of millions of people worldwide, and the hardest hit are the vulnerable people, families, and communities at the core of NCLC’s mission, and likely at the heart of our everyday life.

Debt Collectors Trick You into Bringing Old Debts Back to Life

LAWS THAT PROTECT THE BORROWER – UNTIL THEY DON’T. DEBT COLLECTORS TRICK CONSUMERS INTO BRINGING DEAD DEBTS BACK TO LIFE. There are legal protections for the consumer if a creditor does not take steps to collect a debt in a certain period of time – referred to as the statute of limitations (in Arizona, depending […]

Seniors Saddled With Student Loans

Older student loan borrowers quadrupled since 2005 According to a report by the Consumer Financial Protection Bureau (CFPB.gov) The number of consumers age 60 and older with student loan debt has quadrupled over the last decade in the United States, and the average amount they owe has also dramatically increased. In 2015, older consumers owed […]

Beware Student Loan Debt Relief Scams

CFPB FILED LAWSUIT AGAINST CHOU TEAM REALTY, LLC, MONSTER LOANS, DOCUPREP CENTER, DOCS DONE RIGHT, AND SEVERAL MORE ENTITIES.  ALSO, BILAI ABDELFATTAH, BILL ABDEL, THOMAS CHOU, SEAN COWELL, ROBERT HOOSE, EDUARDO MARTINEZ, JAWAD NESHEIWAT, FRANK ANTHONY SEBREROS and DAVID SKLAR As described in the complaint, the Bureau alleges that between 2015 and 2017, Monster Loans […]

IRS Guidance for Discharged Student Loans Due to Settlements

IRS Ruling for certain discharged debts IR-2020-11, January 15, 2020 WASHINGTON — The Internal Revenue Service and Department of the Treasury issued Revenue Procedure 2020-11 (PDF) that establishes a safe harbor extending relief to additional taxpayers who took out federal or private student loans to finance attendance at a nonprofit or for-profit school.

Student Loans & Bankruptcy – Interview with Diane Drain and Bobby Zavala

LAWGITIMATE Attorney Diane Drain and Bobby Zavala with University of Dubuque Diane Drain established her law firm in 1991 in order to provide education for those facing financial troubles. She believes that basic legal advice should be free and her commitment is to help her clients get their lives back on track. Her greatest reward […]

Supreme Court – Statute of Limitations under FDCPA

Holding: Statute of limitations begins to run when the alleged FDCPA violation occurs, not when the violation is discovered.