(Reuters) – Irresponsible lending and intimidating debt collectors are pushing thousands of people in Britain into depression and suicide.  A report by England’s University of Brighton stated that “Debt clients frequently feel humiliated, disconnected and entrapped, with the process of debt collection having a clear impact on people’s mental health.”  This is terrible news.  I […]

Can I get rid of my debt ceiling too?   The AP reports that House Democrats are pushing legislation in an attempt to rescind the debt ceiling for the federal government.  They contend that the borrowing limit has no real-world purpose and has become a tool used only for political maneuvering and that it can have […]

The same problems that plagued the foreclosure process — and prompted a multibillion-dollar settlement with big banks — are now emerging in the debt collection practices of credit card companies. As they work through a glut of bad loans, companies like American Express, Citigroup and Discover Financial are going to court to recoup their money. […]