Being Sued For An Unpaid Student Loan By Your Parents
February 27, 2015
Remember when you were a kid and your parents would be on your case to do the things you were supposed to be doing? Stuff like homework and chores?
Well, what if you don’t pay back your student loans? Can they get on your case in the most literal sense by suing you?
Better watch out because here comes the wrath of the parents!
How To Dispute A Debt
February 26, 2015
Debt collectors seem to make things intentionally difficult, don’t they?
Phone calls and letters demanding payment come fast and furious … but when it comes time to demand proof of how much you owe, they mysteriously fail to respond.
Of course, that’s their job – to get you to pay with as little effort as possible on their part.
But we’re not fans of shelling out money without being given a good reason to do so. And if the debt collector fails to give you proof, you should dispute the debt formally.
On today’s show, we’ll tell you how to do it so you can protect your rights.
Should You Prepay Your Student Loan?
February 25, 2015
It’s rare that there’s extra money to go around at the end of the month, but when it happens you’re confronted with a difficult decision: put it into savings, or send it to the student loan company.
In today’s episode, Gene and Jay talk about the wisdom of prepaying your student loans as well as the right and wrong ways to do it.
Legal Liability Of The Authorized User
February 23, 2015
What Happens If I Add An Authorized User On My Credit Card?
You’ve got a credit card and give access to someone else. Is that person liable for the charges they incur on the account, or are you stuck holding the bag if they don’t pay?
Today we’re dissecting the problem of the authorized user so you can know your rights and responsibilities.
How Does Being an Authorized User Affect My Credit?
Articles By Experian On Authorized User Issues
Here’s How Long You Have To Dispute A Debt
February 19, 2015
I Received A Letter That Says I Must Dispute My Debt Within 30 Days. What Happens If I Don’t?
When you’re past due on a debt, you get letters from collection agents. Those letters are designed to scare and confuse you, ideally so much that you’ll pay the debt just to make them stop.
But what about the statement that you’ve got only 30 days to dispute the debt? What happens after the 30 days is up?
Today’s show answers the burning question.
Can You Really Discharge A Student Loan In Bankruptcy?
February 18, 2015
They say you can’t wipe out a student loan in bankruptcy.
They lie. The question, however, shouldn’t be whether you can file for bankruptcy and wipe out student loans – you should be asking how to do it, and how easy it is.
But in order to do that, you need to understand what is and what is not a student loan under the bankruptcy laws.
That’s the question we dig into today.
Beware The Dismissed Bankruptcy Case
February 17, 2015
Filing for bankruptcy starts a chain reaction of sorts, but so does the dismissal of a case.
We’re talking about what happens when your bankruptcy case gets the proverbial red card – and what you need to know before it happens.
Using An Emergency Fund To Pay Off Capitalized Student Loan Interest
February 16, 2015
Returning to the issue of capitalized student loan interest, Gene and Jay untangle the confusing matter of what to do with an emergency fund. Should you hang onto the cash, or use it to spend down the accrued student loan interest?
Need a refresher on capitalization of student loan interest? Click here to be taken to that show in our archives.
What Is Credit Thrashing?
February 13, 2015
Gene and Jay are back together for the first time in a number of days, and talking about credit thrashing.
Gene talks about how to apply for a car loan, and the right way to enter into a transaction that involves a potential impact on your credit score. But in the world of perfect credit and an imbalance of power between consumer and lender, is it realistic?
Why Transferring An Asset When You’re In Debt Is A Bad Idea
February 12, 2015
Today Cathy Moran joins Jay on the roundtable to talk about the issue of transferring an asset out of your name and into someone else’s name when you’re in debt. Timing, price, and your state of mind matter a lot when deciding to get rid of your stuff.
Cathy is a bankruptcy lawyer (in fact, she’s a certified bankruptcy specialist) in the San Francisco area. She can be found at www.BankruptcySoapbox.com or on Google+.
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