Dealing with Abusive Debt Collectors

The following is a guest post by Bankruptcy Boot Camp Graduate Brian T. Canupp. The present status of the economy is forcing consumers to make tough decisions about how to spend the money they have in hand. Households throughout the nation have fewer dollars to spend due to increases in the costs of daily living, (food, gas, health insurance, medicine). …

The Great Unwind and the Final Redemption

The “great unwind” is now upon us and is picking up reverse speed every day. And, the unwind is going to be deflationary. Prices and salaries will decline, jobs will become more scarce, and debt will continue to increase. When debt exceeds a certain level it becomes a cancer on society. Easy credit fuels speculation which triggers bubbles. These bubbles lead to a temporary lift in apparent wealth, which increases economic activity beyond its sustainable level. But eventually more and more debt triggers economic decline with the inevitable glut of goods produced by an overheated economy. What people are discovering too late is that their debt is not repayable. Not now, not in the future, not ever.