Dealing with Debt: How to make debt collectors go away —and how to make the debt itself go away

Posted by Elisabeth Leamy, Thu May 21 2015, 02:23AM

If your debts are high and your credit score is low, chances are credit cards are the culprit. The Federal Reserve says the average amount of credit card debt among families that carry a balance was $7,300 in 2007, the latest year for which numbers are available. The average credit card interest rate is 15 percent. Put those two together and it’s clear credit cards are pricey products. If you charged nothing more, (which is unlikely!), you would owe about a thousand dollars in interest over the course of a year.

Posted by Elisabeth Leamy, Sat Aug 10 2013, 02:55AM

Last week, ABC's The Lookout aired my follow up report about Diana Mey, the woman we first profiled in 2012, who won a $10 million judgment against a debt collection company

Posted by Elisabeth Leamy, Fri Dec 12 2008, 10:05PM

There's no escaping it

Posted by Elisabeth Leamy, Fri Jul 11 2008, 10:51PM

In a tough economy, more people are likely to be hearing from debt collectors