Photo Credit: Tax Credits via Compfight cc To poor or financially struggling Americans, the Payday Loan often seems like the only alternative to their cash flow problems. Payday loans are those small loans that are advertised as an easy way for cash-strapped people to survive until they get their next paycheck. These loans are available […]

Student loan debt among seniors 65 and older rose by more than 600% between 2005 and 2014[1]. When thinking of student loan debt, many consider it a young person’s problem. Seniors might have student loans for a number of reasons.  Many of the seniors, 80%, have student loans due to loans taken out to fund […]

Photo Credit: Ronan_tlv via Compfight cc With the economy still at record lows and millions of Americans buried in debt, the IRS and many creditors are resorting to wage garnishments to collect their money. When can creditors garnish your wages?  In most cases, a creditor must sue you in court and win a money judgment […]