Your Money

Your Money

Learning how to manage your money may not sound like a lot of fun, but it can save you a lot of headaches and make it possible to achieve important life goals.

Consumer Ed with credit cards and bills

Latest Money Articles

Car repossession

Dear Consumer Ed:  Once your car is repossessed, how much time are you given to pay the overdue amount before your vehicle is sold? Also, how long does a repo company have to wait before getting rid of any belongings you left in the vehicle?

Defaulted Student Loans

Dear Consumer Ed:  I have an old student loan debt that I defaulted on in 2004. It is still on my credit report. I thought the statute of limitation on debt was six years. Don’t they have to remove this from my credit report by law? Also, is a collection agency still allowed to garnish my wages for this?

Can Social Security benefits be garnished?

Dear Consumer Ed:  I receive monthly Social Security benefits that are deposited directly into my bank account.  I just received notice that my bank account was garnished by a creditor and that my funds have been frozen and will soon be turned over to the court.  I thought that Social Security benefits were exempt from garnishments of creditors.  What can I do to stop the garnishment and get access to my money?