In the last few months, OneMain has been contacting me about reaffirmation negotiation on car loans. That took me by surprise. With the exception of Ford Credit, I’ve been strongly opposed to reaffirming cars.  Usually you can keep the car without reaffirming. and then give it back when your credit improves. I explain more about […]

Outstanding debt is higher than ever. The Federal Reserve Bank of New York reports that household debt in the United States has now reached its highest-ever total: more than $14 trillion.

Regardless of the debt you’re suffering from, you might not see an end in sight. Is there a chance you can get out of debt without paying?

The answer is maybe, depending on a number of factors. Here are some ways you can explore getting out of debt that don’t include paying it.

“Hello Landlord” is a Free Tool that Helps Tenants Write to Their Landlords

With Hello Landlord, tenants and landlords can work together to resolve issues before eviction. When tenants stay in their homes, landlords save money and communities are more stable.

Old Debt Can Die, But If You Pay Even a One Cent the Debt Comes Back to Life “Zombie Debt”
LAWS THAT PROTECT THE BORROWER – UNTIL THEY DON’T. DEBT COLLECTORS TRICK CONSUMERS INTO BRINGING DEAD DEBTS BACK TO LIFE.

Seniors are the Fastest Growing Group with Student Loan Debts.
Older student loan borrowers quadrupled since 2005

New York taxi drivers and politicians are raising alarms after a secretive hedge fund this week quietly became the city’s largest owner of taxi-medallion loans.

Marblegate Asset Management — a tight-lipped investment firm that has already scooped up some 300 medallions and 1,000 loans, many of them previously owned by disgraced “Taxi King” Gene Freidman — has taken over loans tied to an additional 3,000 New York medallions, sources told The Post.

The state’s attorney general is seeking $810 million from the city to compensate financially struggling taxi medallion owners. New York State’s attorney general on Thursday accused New York City of committing fraud by artificially inflating the value of yellow taxi medallions, and she demanded $810 million from the city to compensate the thousands of cabdrivers who are now saddled with enormous debt.

From: nypost.com  By: Thornton McEnery
https://nypost.com/2020/02/20/cabbies-worry-as-hedge-fund-snaps-up-taxi-medallions/