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According to the Federal Reserve, for the first time in history, the collective U.S. debt surpassed $4 trillion. Pushing this number over the top are factors such as the usual fourth-quarter culprit of holiday spending, rising student loan debt, and automobile financing. High Holiday Spending Since January 1943, the Federal…

As colleges continue to raise their tuition and increasing shortage of affordable housing, young adults across the US are having trouble purchases homes. According to a study conducted by the Federal Reserve, young adults aged between 24 to 32 are buying houses less due to the insurmountable burden of student…

Climate change poses an imminent threat to the mortgage industry. In recent years, extreme storms, natural disasters, and precarious shifts in climate are damaging homes in areas where borrowers might not have invested in flood or fire insurance. According to CoreLogic, mortgage delinquencies on damaged homes increased more than 200%…

Have you ever closed your eyes and wondered what it would be like to be able to retire immediately? It is ok. The fact that you are reading this blog might mean that you harbor a secret (or not so secret) desire to do so. You can admit it. Don’t…

If you fall behind on mortgage payments, Chapter 13 bankruptcy may help. Chapter 13 bankruptcy was designed to help homeowners catch up on payments and potentially keep their homes. Immediately upon filing bankruptcy, protection referred to as the Automatic Stay takes effect, shielding debtors (this is how the court refers…

In our connected world, social media is omnipresent and many people post frequent updates of their daily activities, family events, likes and dislikes on almost every possible topic. We can create a significant online biography by just posting regularly. Social media can be a wonderful platform to connect with friends,…

After being named the longest government shutdown in history, the government finally opened its doors back up temporarily until February 15th–pending approval of budgetary needs for the President’s wall-funding request. During this tumultuous shutdown, many federal workers went without pay. Approximately 800,000 workers were furloughed, and according to Inman–leading news…

At Loan Lawyers, we have used the Fair Debt Collection Practices Act (FDCPA) to great effect to protect members of the public from harassment by debt collectors, mortgage companies and mortgage services, As the FDCPA states, its purpose is to “eliminate abusive debt collection practices by debt collectors, to ensure…

Financial problems are one of the leading causes of divorce in America. It is not hard to see how money issues and debt cause stress, and stress is, without a doubt, harmful to any relationship. Not all debt is caused by mismanagement of money, but clashing money management styles can…