For people who have been in relationship with a partner for a long time, the one thing that can really break the ice is the topic of debt. This can be very uncomfortable for both parties, and it’s not difficult to see why. It’s like being in a small relationship where there is usually a … Read more
How to buy assets with debt Debt is one of the best ways to acquire assets. It is a form of leverage which allows you to acquire a piece of real estate for much less than you would buy it for on a cash basis. In fact, you can acquire real estate in many ways: … Read more
In this post, I’m going to explain how to beat debt and how to avoid debt in the first place. While it may seem that this is an easy topic to cover, I think everyone has heard of the financial crisis and how the government was able to take money from people’s accounts and use … Read more
I am a debt attorney. I’m also an entrepreneur, and a co-founder of a well-known startup. I’ve spent the last 10 years helping people deal with debt. In my experience, the common complaint about debt is that it’s too complicated, and creating a plan for getting out of it is confusing. And in many cases, … Read more
You’ve read How to Buy a House, the book on the buying of a home. You’ve made the decision, you have done all the preparations and you’ve gotten your money. Now what? Well, now it’s time to take action. You can actually buy a house after debt settlement; there are some conditions which need to … Read more
Federal student loans are considered good debt because they are an investment in the student’s future. These loans can be used to repay your education debt, or consolidate your loan payments into a single payment plan. If you have more than one type of debt and are struggling to pay them off, having one consolidated … Read more
Why retiring debt-free is so important Retirement is an awesome time to be alive. I mean, you’re putting one foot in front of the other, and walking away from a life you had no idea you wanted. You’re able to buy whatever you want, whenever you want, with cash. All the great things of life … Read more
The term “debt collection” dates back to the middle ages, when merchants and bankers would pay courtiers to collect debts owed by their customers. The debt collection industry is a large, rapidly growing industry in the United States, and is one of the fastest growing industries in the country. This is a short (10 minute) … Read more
In many cases being sued for debt is a scary experience. But what you might not be aware of is that many attorneys representing debt buyers do not have the proper documentation to sue you. Summons and complaints are often sent out to people who assume they either need to give up the money or … Read more
In addition to the technical legalities of how laws are defined, there is also a moral one: the amount of calls should be small enough that they do not constitute harassment. The following illustration shows what this looks like in practice: While your creditor may not call up to 75 times per month, calling every … Read more