Teen gamblers trapped in debt and crime cycle

Teenagers addicted to gambling are caught in a vicious cycle of debt, with some turning to private loans to repay what they owe. A recent report titled “A Study on the Actual Conditions of Youth Cyber Gambling Experiences” by Lim Ji-yeon, a senior research fellow at the National Youth Policy Institute, found that 12.7 percent…

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Can a company still collect on a charged-off account?

If you’re dealing with debt problems, understanding the true implications of a charge-off is essential. PM Images/Getty Images With costs continually rising and borrowers’ budgets stretched to their limits, millions of Americans have found themselves carrying debt that’s gone unpaid for months or even years on end. But when creditors stop receiving payments for an…