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According to the latest data released by the Federal Reserve, consumer credit increased by a record $38 billion in April 2022. The increase shows that as Americans also deal with record-high inflation, they are starting to lean on credit cards more. Revolving credit, which largely includes credit cards, totaled a…

Recently, the Eleventh Circuit court vacated a dismissal of a mortgage borrower’s complaint. In Daniels v. Select Portfolio Servicing, the plaintiff argued that the mortgage lender violated both the Fair Debt Collection Practices Act (FDCPA) and the Florida Consumer Collection Practices Act (FCCPA). Daniels argued the lender was asking for…

A bank foreclosing on a homeowner behind on their mortgage payments may face a long, expensive legal process to get the homeowner out of the property. To avoid the time and cost of pursuing eviction proceedings, many lenders have been turning to ”cash for keys” agreements. What Is a Cash for Keys…

Discharging student loans through bankruptcy is so notoriously difficult, many people think it is impossible. Fortunately, that is not the case. However, successfully discharging your student loan debt does present certain challenges. In July of 2021, a federal appeals court in New York ruled that private student loans cannot be…

Inflation in the United States remains at a 40-year high, and everyone is feeling the pinch because of it. People are paying more at the grocery store just to feed their family, and prices at the gas pumps continue to rise. As there is little to be done about these…

In recent years, the majority of people filing for bankruptcy have cited medical issues as one of the key contributors to their strained financial situation. Medical issues can cause a financial downfall in two ways. The first is the high cost of healthcare in the country, and the other is…

ATTOM recently released their “Vacant Property and Zombie Foreclosure Report for Q2,” which showed that 1.3 million residential properties throughout the country are vacant. To put that in perspective, that represents 1.3 percent of all homes in the United States, with one in 76 homes sitting empty. If you are…

The average borrower will take approximately 20 years to pay off their student loans. Of course, the amount of time it takes to become free of student loans will depend on a borrower’s employment and financial situation, the type of school they attended, and the degree they earned while in…

If you have received any debt collection letters from M.L. Zager, you may be entitled to financial compensation, even if you owe them money. Florida law requires all debt collectors to be licensed to collect debts, and M.L. Zager may not have been licensed at the time they sent you…