How to stay above water when drowning in debt

Editor’s note: Feb. 22-28 is Military Saves week and your BBB serving Central, Coastal, Southwest Texas and Permian Basin will have daily posts highlighting ways to save money. While these tips are written with military members and their families in mind, these are valuable savings tips for all consumers. It’s a common saying by many…

Want to be debt-free in 2015? BBB offers advice

If you started the new year with a mountain of debt, you’re not alone. Whether your debit crisis was caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming, but often you can overcome it. Your financial situation doesn’t have to go from bad to worse. Make this year…

World Law Debt puts consumers in a world of financial trouble

BBB warns public about potential credit damage from Texas-based company World Law Debt tells consumers it can reduce the amount they owe and help pay down debt. But, Better Business Bureau discovered the company’s practices often get consumers into legal trouble and drive them further into debt. As of July 24, 2013, BBB has 34…

Consumer Financial Protection Bureau to oversee debt collection

Consumers struggling with debt will soon have a new place to turn. The Consumer Financial Protection Bureau announced it will begin supervising debt collection agencies Jan. 2. “Millions of consumers are affected by debt collection, and we want to make sure they are treated fairly,” Richard Cordray, the director of the CFPB, said in a…

Debt collection getting social

Collections agencies using Facebook and Twitter to get debts paid MSN Money reported that debt collectors are now using Facebook and Twitter to find people who owe debt and some are using unscrupulous methods to collect those debts. One strategy the article mentioned is when the debt collector makes a fake profile to “friend” you,…