6 Reasons Employers Should Empower Their Employees With Credit and Financial Literacy
In a world where financial literacy is becoming increasingly important, employers are presented with an opportunity to help their employees. The financial problems of employees can have a huge impact on their job performance. National Legal Center provides education regarding credit and debt law as a no-cost employee benefit. Together, we can #standuptodebt, improve financial […]
What Does “The Law Limits How Long You Can be Sued on a Debt” Mean on a Collection Letter?
Sometimes it can be hard to tell what a collection letter is really trying to say. For example, is the collector sharing a notice that they are required to share by law? Or are they trying to frighten the reader into making a payment? Today, we’ll review one of those phrases. If you have ever […]
How Can Older Americans Combat Debt Collection Trouble?
Older Americans are struggling, possibly more than ever. In 2019, the Congressional Research Service completed a study that found that 61% of households led by an individual aged 65 or older are dealing with a median debt of $31,500. Given that the average social security benefit is roughly $1,500 monthly, there is quite a gap […]
Free Credit Reports Every Week
While having a credit lawyer can be very helpful in dealing with trouble on your credit report, a personal review and basic understanding is always the first step. Surprising Information About Credit Reports Do you know how frequently your credit report is updated? It may surprise you that creditors or collection agencies can report account […]
What Does “Current Owner” Mean on a Collection Letter? What is a Current Owner?
What Does “Current Owner” Mean on a Collection Letter? What is a Current Owner? Continuing our series on how to read a collection letter, we’ll answer the question: “What does “current owner” mean on a collection letter?” If you have received a collection letter and are left asking yourself: “Who is Midland Credit Management?” “Who […]