Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
CONNECTICUT - David B. Fein, United States Attorney for the District of Connecticut, announced few days back that Pinto, 68, of Wellington, Florida, and Peter Pinto, 37, of East Quogue, New York, pleaded guilty on May 11 before the District Judge Stefan Underhill in Bridgeport for committing bank fraud, wire fraud, money laundering, and wire fraud stemming from ...
Read more
The title may seem like an oxymoron and to some extent impossible. How can debt be used as a medium to create more wealth? Actually, it isn’t an oxymoron and if you want it to make sense, you need to change your perception of debt and classify it into two different categories. According ...
Read more
The Federal Trade Commission (FTC) and few defendants have ultimately arrived at a mutual settlement in a debt collection practice, after the FTC had filed a complaint and alleged that the accused knew very well, or should have known that some of the magazine subscriptions on which they were trying to collect were invalid. Again, there is a section in the accusation ...
Read more
As time is moving on, college education in the US is becoming more and more unaffordable. Finaid.org, website on financial aid information, reports that the average college tuition cost is growing at approx. three times the rate of inflation. Consequently, the portion of college costs that the federal Pell grants wrap is reducing. Lauren Asher, president of an ...
Read more
Several reasons can join hands together to make a hole in your wallet and let you experience a serious lack of cash. It is always hard to prepare a family budget with the little bit of cash you have on hand. You might be questioning, “How did I get into this mess?” and perhaps you are very well aware of the answer. Yes, it’s absolute absence of any budgeting ...
Read more
President Obama, in an attempt to woo the youth in November’s election, is trying to compel lawmakers to cease the doubling of interest rates on some student loans, which is the second largest source of consumer debt in the nation after home mortgages. Rates on some of the student loans that are backed by the US government are going to rise on July 1 from 3.4% ...
Read more
Are you seeing a gloomy future as of your swelling debt burdens? Are you thinking to make an escape leaving all the worries behind? When you get into debt and struggle to get out of it, you often become anxious; and the overwhelming stress and tension can lead your toward depression. Let’s take a look at how we can begin coping with debt, and moreover how we can ...
Read more
Debt - you never want to think about this four-letter word. But if you are trying not to think about it, trying to live in the state of oblivion, or if you’re not keeping track of your debt, then you’re perhaps not getting closer to become debt free. If you want to pay off your debt, the first step should be knowing exactly how much you owe and who your creditors ...
Read more
