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. […]

By Andrew Housser For many people, as they age, the term “golden years” may be a misnomer. More and more people are struggling with debt, due to the combination of the recent economic recession, lower income as they age, and increasing health costs. How tight are budgets? Among those older than age 75, nearly 40 […]