Protecting homeowners during the COVID-19 pandemic is one of the key components of the CARES act. For Oregonians who have fallen behind, or are struggling to keep afloat with their mortgage payments, this is an important article from the Consumer Finance Organization on some of the protections homeowners have. Read full article here: How to […]
Consumer Protection
Forgiving Medical Debt For Those In Need
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. […]
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 […]
