Loretta Kilday

Oct 3, 2024 | advisorpedia.com | Loretta Kilday

As a debt and financial consultant, I believe every individual and financial advisor would agree with me that in our current complex economic surroundings people often find themselves barb-wired with multiple money-oriented problems. From a practical viewpoint maintaining good financial health is more than generating revenue or retirement planning. People also need to manage their debts and invest wisely for living a healthy financial life.

Jan 10, 2024 | legalreader.com | Loretta Kilday

What is your first reaction when a debt collector files a lawsuit against you? Panic, stress, or both? Whenever you face a debt collection lawsuit, you can become panicky and anxious. However, it’s important to refrain from doing nothing. Although getting a court summons can be frightening, one should not dismiss it. This means that you have only 21 days in which to act. You may personally or through a lawyer do it.

Nov 28, 2023 | njcpa.org | Loretta Kilday

Bankruptcy represents one of the most daunting financial challenges an individual or business can confront. Characterized by significant debt burdens that become impossible to manage, the process of filing for bankruptcy is both complex and emotionally draining. At this critical juncture, the guidance of a CPA can be invaluable, from offering expertise in dissecting financial situations and ensuring adherence to bankruptcy codes to developing forward-looking strategies.

Nov 13, 2023 | legalreader.com | Loretta Kilday

The CFPB’s initiative to detach medical debt from credit reports is a promising step toward financial fairness. Unpaid medical bills are a significant concern for many, often impacting credit scores negatively. A new Consumer Financial Protection Bureau (CFPB) rule suggests a potential relief. The impending regulations may prohibit the reflection of medical debts on credit reports, allowing people to maintain better credit scores.

Nov 8, 2023 | elderlawanswers.com | Loretta Kilday

Social Security wasn’t meant to be a primary source of income for retirees when it was first created in 1935. It sought to provide an umbrella of protection for people who couldn’t save enough for retirement. Most Americans didn’t think much about Social Security, perhaps because they were living shorter lives and relying on guaranteed incomes.