On behalf of a client I recently discovered this program. Since Legacy is a not-for-profit health care provider, they have a program to forgive medical debt to those in need. If household income is below 300% of the federal poverty level and no substantial assets exist, then 100% of the medical bill will be forgiven. […]
Consumer Protection
Rising Interest Rates affect People With Debt
If your boss calls you into his office to tell you your pay is being cut by $500.00 per year you would not be happy. That is effectively what happens when interest rates go up and you are carrying debt with a variable interest rate feature. If the Federal Reserve were to raise interest rates […]
Knowing Your Rights: The Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act (FDCPA) What is the FDCPA? FDCPA stands for the Fair Debt Collection Practices Act – 15 U.S.C. § 1692 The FDCPA is a Federal Regulatory Scheme designed to limit abusive collection practices passed in the late 70s The FDCPA is a per se liability statute, meaning there is no […]
