CuraDebt

The FTC's July 21 order resolves its case against the remaining operators of an alleged student loan debt relief scheme that took more than $45.9 million from consumers. By Eric Pemper Founder of CuraDebt  •  Updated July 22, 2026  •  5 min read Key Takeaways The FTC announced on July 21, 2026 that Dennise Merdjanian will be banned from debt relief services and telemarketing under a proposed order.

Guest contribution · Published by CuraDebt · The views expressed are the author's own Last updated: July 19, 2026 From CuraDebt · Publisher Summary A Florida bankruptcy attorney explains how income, exemptions, non-exempt property, and pre-filing decisions shape the Chapter 7 versus Chapter 13 choice. Use the article and educational tool below to prepare better questions for qualified counsel.

The CFPB's updated credit-card dashboard shows new card originations rose in the latest reported month even as recent application inquiries fell, a mixed signal for households using credit to manage cash flow. By Eric Pemper Founder of CuraDebt  •  Updated July 24, 2026  •  6 min read Key Takeaways The Consumer Financial Protection Bureau updated its Consumer Credit Trends credit-card dashboard on July 23, 2026.

The New York Fed's July 20 update says consumers reported more credit applications over the past year, but the overall rejection rate also edged up. By Eric Pemper Founder of CuraDebt  •  Updated July 21, 2026  •  5 min read Key Takeaways The New York Fed said applications for any kind of credit rose in June to the highest level since October 2021. The overall rejection rate for credit applications increased slightly to 16.1%, but remained below the 23.1% reading from June 2025.

Consumer Debt Law The statute of limitations on consumer debt is one of the most misunderstood concepts in personal finance. It is also one of the most powerful defenses available to a borrower sued on old debt, when it applies. This is a practical framework for understanding how it works, when it varies, and what to do, and what not to do, when an old debt resurfaces.

70% of filers qualify for Chapter 7 discharge $500+ average filing fees before attorney costs 3-4 mo typical Chapter 7 case timeline 1 You Might Not Need to File at All Bankruptcy is powerful - but it's not the only option. Depending on your situation, debt settlement or a debt management plan could resolve what you owe for less money and without the long-term credit impact. Filing bankruptcy stays on your credit report for 7-10 years.

BBB A+ Rated · BBB Accredited · ACDR Member · 1,600+ Five-Star Client Reviews Last updated: June 15, 2026 This is a real, redacted Peoples Bank settlement letter, showing a bank loan balance of $13,554.64 resolved for a payment of $5,409.48. It is an example of a bank settlement letter, the written confirmation you want when a personal loan or bank account is settled for less than the full balance.

Mental Wellness & Debt Relief Debt does not just drain bank accounts, rewiring how the brain thinks. We asked financial professionals, mortgage brokers, and legal practitioners for the specific, actionable exercises they use to help clients break out of financial panic and start making clear-headed decisions about debt settlement, debt management plans (DMPs), and consolidation. When you are drowning in debt, your brain is not simply stressed, operating in survival mode.

The Federal Reserve's latest Consumer Credit report shows revolving credit pulled back in May, but the interest-rate pressure on credit card borrowers remained high. By Eric Pemper Founder of CuraDebt  •  Updated July 20, 2026  •  5 min read Key Takeaways The Federal Reserve's July 8, 2026 Consumer Credit report covers May 2026 data. Revolving credit, which includes most credit card borrowing, decreased at a 4.7% annual rate. Credit card accounts assessed interest were listed at 22.15% in May.

BBB A+ Rated · BBB Accredited · In Business Since 2001 · 1,600+ Five-Star Client Reviews Last updated: June 30, 2026 Debt consolidation loans can be powerful financial tools, but they only work when used strategically. This article examines four specific situations where consolidation genuinely resolves debt problems rather than simply shuffling balances around.