Our Blog

Student debt in default: Can a tax refund be seized for payment?

The entry “student loan debt” would seem to be an eminently appropriate definition for the term “slippery slope” in any dictionary of American idioms. Millions of Americans from past generations likely feel as though they dodged a bullet regarding their …

Read More

Consumer protections announced in medical debt realm

Following is a scenario that many consumers in Texas and nationally can undoubtedly relate to. Imagine that you recently underwent a medical procedure. You have medical insurance, which covered your care. However, and as these things typically go, you are …

Read More

U.S. Supreme Court to rule on underwater mortgages

The United States Supreme Court is hearing oral arguments regarding whether it’s possible to discharge an underwater mortgage loan through Chapter 7 bankruptcy. Two homeowners with second mortgages owned homes worth less than what they owed on their first mortgages. …

Read More

In the Great Recession’s wake, debt still trumps savings for many

Some consumers — the most fortunate among us — manage to save money just fine, while keeping troublesome debt levels at bay at the same time. Others, conversely, neither save much nor tap into their credit cards to an extent …

Read More

A growing consensus that student loan reform is urgently needed

Today’s post is essentially a transition piece that we believe tightly and logically links back to our immediately preceding post on student loan debt. In our entry dated March 12, we noted that “loan payback amounts sometimes loom as lifelong …

Read More

Is there a silver lining to continuing “zombie” foreclosures?

What might conceivably be the upside in an increased number of for-sale signs being seen in any American neighborhood that result from foreclosure and repossession? For many people in Texas and elsewhere, those signs are clearly just dismal reminders that …

Read More

Is DOJ mortgage fraud focus now shifting to criminal penalties?

One thing that the great national mortgage crisis of recent years readily signifies is that complex books often have many chapters. A new one is currently being written, authored by outgoing U.S. Department of Justice Attorney General Eric Holder. Prior …

Read More

Many Americans continue to cite money as top stress inducer

Work-related stresses? Check. Sleepless hours at night spent thinking about family responsibilities? Check. Money worries? Check — underscored and in bold. Americans worry about a great deal of things, which is understandable, given the nightly parading across the television screen …

Read More

Court finds American Express actions heavy handed, unlawful

How would you feel as a Texas consumer if you wanted to use a particular credit card at a store but were constrained from doing so because another card issuer forbade the merchant from accepting the card? And how would …

Read More

The decision to file for bankruptcy: getting the facts is key

For many people in Texas and elsewhere, the decision to file for bankruptcy is anything but casual. Filers often wrestle with the decision for many months, vacillating on whether to take advantage of the legal remedies provided by this debt-relief …

Read More