Don't End Up In Jail For Debt

Don't End Up In Jail For Debt

Friend of the show Caveat Emptor has advice on how to not get thrown in jail for your debts. (Yes, this is happening in America). [More]

FTC To Take A Closer Look At Debtors Being Thrown In Jail

FTC To Take A Closer Look At Debtors Being Thrown In Jail

It’s not a crime to owe money, and debtors prisons have been abolished — but that doesn’t mean that people are not being routinely arrested and put in jail for failing to pay debts. A few weeks ago the Minneapolis Star-Tribune published an investigative piece about arrest warrants being issued for people with less than $100 in debt, many of whom didn’t even know that a collector had taken legal action against them. Now, following a letter by Sen. Al Franken (noted hater of the Comcast, NBC merger), the FTC has agreed to look into the issue. [More]