Tag Archives: consumer credit

Reports from Illinois, Indiana, Tennessee and Washington show that collection agencies are becoming increasingly vicious when it comes to forcing people to pay on their debt. Though debtors’ prisons are illegal throughout the United States, routine traffic stops are leading to jail time. The way it works is this – A company you owe will sell your debt to a collection agency. The collection agency will file a lawsuit which requires you appear in court. Failure to show up leads to an arrest warrant. Well, you get the picture… It doesn’t have to come to this. Call Neil Sader at 816-281-6349 today! Click here for more on this story.  

You don’t have to be a star athlete, or even an athlete at all, to take a few pieces of advice to the stars to heart to avoid going broke. When it comes to financial advice, Mark Goulston, an executive coach has ten tips to offer that we can all apply, regardless of our ‘free agent’ status. Get good advisors Don’t buy expensive assets first thing It may not last forever There are sharks out there that will eat you Delegate, don’t abdicate Insurance can protect you Let you advisor be the bad guy A plan can make the difference Trust is earned, not taken Keep perspective as others make more money Source  

Buy here, pay here. What’s the next sub-prime market? Made-to-fail used car loans. That’s right, and the business model is incredibly simple – sign, drive, default, repossess, resell. It’s actually a perfect scam. When buying a used car, when the dealer is also the lender, the worse your credit, the better the deal for the lender. Why? As soon as the car is repossessed, it can be resold again, often many times over. And guess what? Wall Street is now starting to repackage these loans as derivatives – just in time for Christmas. Continue reading in a special three-part series in the L.A. Times as Ken Bensinger exposes the wildly profitable world of user car dealerships.