At one time you could have been imprisoned for outstanding debt and faced a catch 22 situation, but the Debtors’ prison has been illegal in the United States of America since 1833. So thankfully, nowadays you cannot be jailed for nonpayment of “civil debt” like a credit card, personal loan or hospital bill, but there are a few exceptions. You can be forced to go to jail for not paying your taxes or child support. Consumer debt rights have come a long way and consumers are protected and have certain rights. Debt collection…continue reading →
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How to Stay Out of Debt with a Low Income
You do not have to be in debt because you have a low income. It does take a bit more hard work to stay debt free when you don’t earn much, but it can be done. If you have worked hard to get out of debt and have had the taste of what it is like not to have a monthly interest payment for maybe the first time ever, you should do your best to avoid bad debt and move forward. What is the best way to stay out of debt with a…continue reading →
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