Brokers in the past, advised couples seeking reverse mortgages to remove the younger spouse from a title to obtain higher payouts. This worked because the age of the individual determines the amount of a reverse mortgage.
Many people believe that student loans cannot be discharged in a Chapter 7 bankruptcy, but this is just not true. In limited situations, you can get rid of student loans through a bankruptcy filing.
High interest rates on auto loans are common when purchasing a used car. The New York Times recently reported on how the problem has worsened since major banks entered the market. Big banks buy car loans, repackage them into securities and sell them to insurance companies, pension firms and other investors.
When a debt goes into collections, there are limits to what debt collectors can do to collect on a past due bill. The Federal Trade Commission lists on its website some of the prohibited tactics.