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4 Legal Loopholes That Screw You When You're Poor

People Can Try To Collect On Debts You No Longer Owe- If you think that being hassled about debt from 14 years ago is ridiculous, that's because it is. Every state in the U.S. has a statute of limitations on debt, ranging from three to 10 years, counted from the day you stop making payments. However,because the statute of limitations starts from the last time you made a payment on the debt, a single payment can reset the clock entirely.

Why People In Their Early Thirties Are So Poor

from BuzzFeed

Texas Plan To Jail Fewer Poor People Infuriates Some Court Officers

This week for BuzzFeed News, Kendall Taggart and Alex Campbell uncover how Texas traffic courts flout the law by jailing people too poor to...

If we simply undid all the tax cuts and loopholes congress has given to their owners we would have a surplus of taxes each and every year.


Payday Loans — And Endless Cycles Of Debt — Targeted By Federal Watchdog

"Troubled by consumer complaints and loopholes in state laws, federal regulators are proposing expansive, first-ever rules on payday lenders, aimed at helping cash-strapped borrowers from falling into a cycle of debt."