WASHINGTON (Reuters) – Abusive credit card practices were criticized on Tuesday by a U.S. senator who has introduced legislation prohibiting lenders from making claims on consumers in bankruptcy if interest rates are excessive. Senator Sheldon Whitehouse, a Rhode Island Democrat, told a hearing on credit card practices that Americans are relying more than ever on [...]
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There’s that old saying, “there are two things you can count on in life death and taxes”. Just like any other debt people sometimes struggle to pay their income taxes. The reasons are varied, not withholding enough, taking retirement account distributions, etcetera. I recently met with a client that had been struggling for six years [...]
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