Posts by Brad Sadek, Esquire

It really doesn’t take much to make debts spiral out of control. One accident that lands you in the hospital. One layoff at work. One automobile breakdown. And when that happens, a lot of people go into panic mode and start making decisions that don’t serve them. Here are 7 actions to avoid when you’re…

Over 20,000 public servants recently became (theoretically) eligible for the loan forgiveness programs they’d been counting on. Less than 300 were allowed to take advantage of the program. Draconian requirements and a series of headache-inducing hoops disqualified many from the program. Some were led to believe they were making the right payments in the right…

No income, no assets, to young to vote. You wouldn’t think kids would have much access to credit. But many parents are willing to add children to their own accounts as authorized users. And according to a new survey, more of them are doing it. A way to build credit, or to ruin it? Supporters…

Here at Sadek & Cooper we offer free consultations to everyone. They help you determine if we’ll be a good attorney for you, and they help us determine how we should approach your situation. In addition to coming with all your financial documents, it’s a good idea to come armed with some questions. Is it…

While all debt represents a risk, there are some forms of debt are almost guaranteed to create huge financial problems. These debt types come with high interest rates, unconscionable fees, and risks to your property you just don’t want to get into. More than that, they’re all aimed at, and marketed to, people who are…

Real third-party debt collectors are bad enough. But if you’re in debt, you’ve got another shark in the waters. Scammers who want to take advantage of your financial chaos. And since the last thing you need to do when you’re in financial trouble is throw good money after bad, we thought it would be a…

When collection agencies follow the FDCPA their agents are trained in a very specific way. They are taught to use their voice and certain societal protocols to lead you to the outcome they want, which is getting money out of you over the phone right that very minute. They are taught to adopt a bored,…

Sometimes when you owe a debt it will go to a run-of-the-mill collection agency. And you might have dealt with so many of those at this point that they don’t even impress you anymore. But a law firm seems different. Looks more frightening. So how worried should you be? Law firms may be able to…

A Consumer Finance Protection Bureau rule demanding payday lenders determine whether a borrower can actually repay a payday loan before taking one out may be on its way out the door before it ever takes effect. The rule also would have put limits on the number of times a payday lender could debit a customer’s…