Beware of Scams
Friday, April 9th, 2010 Posted in Uncategorized | No Comments »As the economy gets worse, the number of scams increase and our seniors and disabled are the most vulnerable communities to these scam artists. We offer these tips in order to help you increase your financial safety. Free Annual Credit Report By ...
An explanation of the Mortgage Debt Relief Act of 2007
Tuesday, March 2nd, 2010 Posted in debt relief | No Comments »The Mortgage Debt Relief Act of 2007 allows taxpayers to exclude from income the amount of debt forgiven related to their principle residence. If the debt was reduced through mortgage restructuring or the debt was forgiven connected to a foreclosure, ...
Special Message to Seniors and Disabled Whose Mortgages are Under Water
Thursday, February 25th, 2010 Posted in debt relief | No Comments »By Jerome S. Lamet, Supervising Attorney Debt Counsel for Seniors and the Disabled A recent article in “The New York Times” by Richard H Thaler expresses a realistic view of the problems of mortgages on houses that are greater than the value ...
The High Cost of Bank Overdraft Charges
Wednesday, November 25th, 2009 Posted in National Economy | 3 Comments »By Jerome S. Lamet, Supervising Attorney Debt Counsel for Seniors and the Disabled (DCSD) Congress is currently considering limiting bank overdraft charges, and while we hope that these fees for bouncing checks are regulated, for the time being we need to deal ...
Debt and student loans
Monday, November 9th, 2009 Posted in debt relief | 1 Comment »Whether you are in school, have graduated, have yet to enroll or are thinking of going back, this article from The Washingon Post offers some great information about borrowing money to pay for your education.
Surviving Three Strikes: Unemployed, Receiving Unemployment Compensation, Drowning in Debt
Tuesday, September 22nd, 2009 Posted in Unemployment Updates | No Comments »As American credit card bills have spiraled out of control, the airwaves have been filled with advertisements for “debt settlement” services that say they help consumers settle debts for a fraction of what they owe. But they often charge high ...