Jack Johnson files for bankruptcy thanks to parents’ loans against contract

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Who do you trust with your money? Many of us would probably list “parents” near the top of that list. Which is why the tale of Columbus Blue Jackets defenseman Jack Johnson is so shocking and deplorable. Aaron Portzline of the Columbus Dispatch reported on Thursday that Johnson filed for bankruptcy on Oct. 7, claiming assets of less than $50,000 and debts of more than $10 million. Sources … Read More

Nation’s Biggest Buy-Here, Pay-Here Dealer Fined $8 Million

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It's been a bad week for debt collectors who employ questionable tactics. The largest buy-here, pay-here car dealer in the nation must pay an $8 million civil penalty after an investigation by federal authorities found it had repeatedly harassed consumers and furnished incorrect information to credit bureaus. DriveTime Automotive Group offers car purchase agreements that require purchasers to … Read More