Posts by Brad Sadek, Esquire

The 5 Types of Debt You Should Avoid at All Costs

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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…

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8 Signs You’re Dealing With a Debt Collection Scam

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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…

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4 Common Credit Card Mistakes

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The number of Americans carrying credit card debt has skyrocketed. The number of individuals who own cards has gone up, and the overall debt load has reached over $1.4 trillion dollars, according to Yahoo Finance. Other debts, such as auto loans and student loans, are up as well. In addition, the number of cards being…

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When Collection Agents Call, Avoid these 7 Mistakes

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Collection calls are stressful. Some stranger is calling you day and night, hounding you for money. You feel embarrassed, ashamed, and stressed. Every ring of the phone becomes a reminder of something that’s gone wrong in your life. So it’s little wonder debtors tend to make big mistakes when third-party collection agents call. Here are…

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What is an Unconscionable Home Loan?

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One of the defenses we can offer up in a foreclosure case is that the loan issued to the homeowner was “unconscionable.” An unconscionable home loan is a predatory home loan issued through fraud, misrepresentation, or coercive practices. Fraud, misrepresentation, and coercion were already illegal, of course, but the federal Homeownership and Equity Protection Act…

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