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.
Who knew that I was a leader in providing knowledge to others (now called “Democratizing Knowledge)!! An article on Wired, Natalie Chyi, focuses a light on how COVID-19 has changed the prospective of on sharing information. Titled The Coronavirus is Democratizing Knowledge. The sub-title is: “Despite toxic misinformation, the pandemic has empowered us to become […]
Lead Express, Harvest Moon Financial and others repeated drew interest-only charges, leaving consumers to pay more than promised May 22, 2020 – The Federal Trade Commission (FTC) has charged Lead Express, Harvest Moon Financial, Gentle Breeze Online, and Green Stream Lending with deceiving its customers by overcharging millions of dollars and repeatedly withdrawing money from […]
April, 2020 – The Federal Trade Commission released suggestions on managing your bills during this very difficult time (COVID-19 quarantine). COVID-19 has disrupted life for everyone on the planet. Each of us is asked to sacrifice for the health of the entire nation and world. Unfortunately, that sacrifice comes at a cost for many. They […]
In a large victory for consumers, The University of Phoenix agreed to pay $50 million in cash and cancel $141 million in debt owed to the school by students harmed by their deceptive ads. Phoenix’s ads touted job opportunities and relationships with top tech companies.
When someone files for bankruptcy they can keep certain things that are “exempt”. Stay with me as I explain this process. Every state has a list of items that a creditor cannot seize. Those items are referred to as “exempt property“. This protection is the same for everyone in that state, even if they file […]
March 27, 2020 a new law (CARES Act) was passed which gave funds to everyone in order to pay basic necessities (such as food, rent, gas). Congress forgot to protect those funds from your creditors or your bank. When Congress passed the CARES Act, they were smart enough to protect the stimulus funds from state […]
COVID -19 Has Changed How We Live Our Lives What We Can Do to Survive and Flourish Why are we easily misled about the truth? Why Smart People Believe Coronavirus Myths, (the following is a clip form BBC.com/future) We’ve debunked several claims here on BBC Future, including misinformation around how sunshine, warm weather and drinking water can affect the coronavirus. […]
Brief Summary of the Payroll Protection Program Portion of the CARES ACT: (BBB webinar 3/29/20 Jonathan Gallagher, DEO, Shelley Adday. CHRO) How it can benefit your business: Paycheck Protection Program “PPP”, $350B loan program for businesses. The intention is to provide unsecured (and forgivable) loans to small businesses with the goal to keep employees on […]
Coronavirus Stimulus Package F.A.Q.: Checks, Unemployment and More (summary from New York Times, March 27, 2020, plus other resources). On March 27, 2020, the President signed a $2 trillion economic relief plan to offer assistance to American households affected by the coronavirus pandemic. Titled: Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. This […]
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 […]
