The true story of an ordinary middle-class married couple buried in over $94,000 in credit card debt who face debt collection, learn to defend themselves in court without hiring a lawyer, and force a major bank's collection attorney to dismiss its case against them. They avoid bankruptcy and they prevent collection. Every pleading (of both Plaintiff and Defendant) filed in this case is reproduced in its entirety - only the case number and names have been changed to protect the couple's privacy. What these people learned about the banking system would change their lives forever. NEW, UPDATED EDITION!!! Includes additional information about dealing with unscrupulous debt collectors -- their deceptive tactics, annoying phone calls, and various enticements designed to lure you into making yourself vulnerable to lawsuits; ALSO how the Statute of Limitations in your State can protect you from lawsuits and judgments.

Restoring America’s Fiscal Constitution estimates the potential impact of new fiscal rules on the U.S. economy over the next two decades. The new rules would require a cyclically balanced budget and an expenditure limit. The study shows that over the forecast period, the budget could be balanced and the total debt-to-GDP ratio reduced to the 60 percent tolerance level under this scheme, but this fiscal consolidation can only be achieved using a combination of fiscal reforms that go far beyond what has been proposed by Congress and the President. The first chapter explores the theoretical foundations of a fiscal constitution. The orthodox public finance view of public debt is contrasted with a public choice perspective. This is followed by chapters surveying the new fiscal rules enacted in other countries to address debt issues. Several chapters provide a historical perspective on U.S. debt, including a critical appraisal of our fiscal rules. New laws are proposed to address the debt crisis, and a dynamic simulation model is used to estimate the impact of the proposed laws on the U.S. economy. The final section provides a roadmap for enacting the proposed constitutional and statutory fiscal rules.

In 1995 more than 65,000 Canadians declared personal bankruptcy. This follows several years of increased rates of personal insolvency, and many economists think things are only going to get worse. Yet there is hope. In his new book, bankruptcy and financial management expert Frank Kisluk proves that there is "Life After Debt. Based on Kisluk's 20 years of experience as a bankruptcy trustee, "Life After Debt explains how the Canadian personal bankruptcy system really works. It guides readers through the process from the very beginning (many people may find that there are steps they can take to avoid bankruptcy altogether) through to the discharge from bankruptcy. If you are determined to escape the debt trap and take control of your finances, you'll find the answers you're looking for in "Life After Debt.

Many people are currently struggling with debt. The problem is that they can't figure out where to begin, even though they know they want to end it. Nowadays, there is no one right way to pay off debt, and the best program should be tailored to each individual's specific circumstances. This book is perhaps a call to liberation, a clear notice that no matter how trapped you are in money, there is always a way out. As we begin this journey together, these pages will unfold not as a live stream, but as a companion to guide you through important steps, mindset shifts, and challenging strategies. Care must be taken to avoid commitment traps. We recently investigated an evacuation system, and it was important to understand the landscape. We explore different forms of commitment, analyze the neuroscience that often accompanies commitment, and debunk the myths that cause financial chaos. Information is the main key to securing a bond, and each disclosure brings you closer to unlocking your earning potential. The focus of this book is on carefully developing a personal finance escape plan from debt trap. Consider budgeting, debt prioritization, and trading strategies to reduce your burden. You'll have the tools you need to leverage your lender, restructure your payment plan, and ultimately take back control of your budget account. Build a debt-free future. The journey doesn't end at the exit. This means building a debt-free future. We explore ways to transform credit, educate about money, and lay the foundation for long-term success. Economic freedom is far from freedom from obligation. It's about building a strong and capable personality when it comes to money. As you delve into the following chapters, consider this the beginning of a transformational journey. It is a journey that transcends economic constraints and carves out completely unused time. A way out of the trap is possible, and each time you discover one, you're one step closer to cutting your budget. So let's start our journey. Turn the page, understand the information it contains, and take the first step towards liberation. A debt-free future is on hold.

"The dramatic untold story of the student loan debt crisis in America. In 1981, a new executive at the student loan giant Sallie Mae took home the company's financial documents to review. 'You've got to be shitting me,' he later told the company's CEO. 'This place is a gold mine.' Far from making college affordable, the student loan system has created a college-industrial complex that has submerged multiple generations in debt. For millions, their college investment turned into a nightmare: 43 million people owe a combined $1.6 trillion in student debt, more than both credit card debt and car loans. How did we get here? Acclaimed Wall Street Journal reporter Josh Mitchell's landmark investigation is the first book to tell the full story of the student loan debt crisis in America. Mitchell shows how the program began in the 1950s, evolved into a grand social experiment in the 1960s, got overtaken by greedy colleges in the 1980s and 1990s, and was unleashed in the 2000s by Sallie Mae, the billion-dollar company that turned student lending into big business. Based on eight years of reporting and hundreds of interviews with the decision-makers who crafted the program, The Debt Trap never loses sight of the countless student victims whose lives have been forever altered by a predatory lending system. Mitchell's defining book shows how the narrative of higher education as a ticket to the American Dream fueled the rise of a rapacious system that one of its original architects called a 'monster'".--From dust jacket.

Debt Free Living: Escape the Debt Trap and Achieve Financial Independence in the Modern Age by Kim Domingo ReyesAre you tired of living paycheck to paycheck, drowning in debt, and feeling like financial freedom is an impossible dream? In today's digital age, where online temptations and easy credit abound, it's easier than ever to fall into the debt trap. But it doesn't have to be this way. "Debt Free Living" is your comprehensive guide to taking control of your finances, escaping the debt cycle, and building a life of abundance and prosperity. This book will equip you with the knowledge, tools, and strategies you need to: Understand the root causes of debt: Uncover the psychological and behavioral patterns that lead to overspending and financial stress. Create a modern spending plan: Develop a realistic budget that works for your unique lifestyle and goals, using digital tools and resources. Tackle your debts strategically: Learn proven methods for paying off debt faster, such as the digital snowball and avalanche methods. Build a digital emergency fund: Create a financial safety net to protect yourself from unexpected expenses and setbacks. Invest in your future: Discover modern investment options like e-trading, robo-advisors, and online platforms to grow your wealth over time. Cultivate a debt-free mindset: Develop healthy financial habits and a positive relationship with money that will last a lifetime. Whether you're struggling with credit card debt, student loans, or other financial obligations, "Debt Free Living" offers a clear, actionable path to financial freedom. With practical advice, real-world examples, and a focus on the unique challenges and opportunities of the digital age, this book is your essential guide to achieving lasting financial independence.Don't let debt control your life any longer. Take the first step towards a brighter financial future and order your copy of "Debt Free Living" today!