Employee loans compounding California budget crisis

May 13, 2011 Kyle Duncan

According to California State Controller John Chiang, state agencies' lax attitude toward giving employees interest-free loans and collecting on debt are partially to blame for California's budget issues, the Long-Beach Press Telegram


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Former Movie Gallery customers receive debt relief in settlement

May 13, 2011 Kyle Duncan

Former Movie Gallery customers receive debt relief in settlement

Movie Gallery's liquidation trustee has settled a complaint regarding its debt collection, offering consumers nationwide some relief.Consumer protection advocates from all 50 states teamed up in an effort to object to the company's


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Take steps to avoid illegal debt collection tactics

May 12, 2011 Kyle Duncan

Take steps to avoid illegal debt collection tactics

Debt collectors can be a nuisance, especially if they use threatening or illegitimate tactics to reclaim funds. The Better Business Bureau recommends some key strategies and techniques to keep in mind if an agency becomes too aggressive.Check


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Options limited for defaulted student loans

May 12, 2011 Kyle Duncan

Options limited for defaulted student loans

Students who find themselves in debt due to overwhelming student loans have limited options to erase that deficit, which has led to a higher default rate, according to The Ventura County Star.A recent report from the Institute of Higher Education


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Hollywood Video's debt collection tactics halted by settlement

May 12, 2011 Kyle Duncan

Hollywood Video's debt collection tactics halted by settlement

After Movie Gallery, the parent company of movie and video game rental chain Hollywood Video, filed for bankruptcy in 2010, it created a liquidating trust in order to collect approximately $244 million in outstanding debts owed by more than


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