Category: news

Get out of debt by being a jerk

It’s not quite that simple, but new research from University of California, Berkeley shows that wealthy folks aren’t as ethical as the rest of us. Using a variety of tests (e.g. measuring how often drivers of luxury cars cut off people compared to other drivers) they found a clear correlation between wealth and rude, immoral, …

Read more

Feds fine naughty debt collector millions

Score one for the good guys. The Federal Trade Commission is responsible for making sure that debt collection agencies obey the rule of law and not threaten or harass borrowers. Illegal and unfair activity by these firms contribute to the emotional toll of debt. But every so often the government makes the shady crooks pay. The …

Read more