Attorney Reveals How to Save BIG on Debt & Avoid Misinformation

Among all the misinformation online, debt misinformation hurts many struggling seniors. Seniors are given wring information about debt, or not told about the special protections that seniors enjoy, Attorney Eric Olsen reveals why non-profits, for-profits, and law firms may spread debt misinformation to seniors. The Executive Director of the HELPS Non-Profit Law Firm also explains how the law and common practices protect the millions of #seniors who are struggling with debt.

Time Stamps
0:00 It’s hard for seniors to get accurate information about debt
0:16 Introduction to Attorney Eric Olsen and the HELPS Nonprofit Law Firm
1:10 Why it’s hard for seniors to get accurate information about debt
2:10 Seniors have special protections when it comes to debt
2:56 Don’t trust what debt collectors tell you!
3:42 The internet is filled with misinformation on seniors and debt
7:58 How are seniors protected when it comes to debt?
8:37 Debt management companies may urge you to pay debt you don’t have to pay
9:38 Why debt management companies may not help seniors
10:43 For-profit companies and law firms may give seniors misinformation about debt
12:35 Retirement income is protected, including Social Security, pensions, IRAs, and 401ks
13:14 Federal benefits deposited into a bank account are protected within limits
13:40 A cease and desist letter will stop debt collector contact
13:50 Struggling seniors are protected even when sued for debt
14:46 How to contact the HELPS Nonprofit Law Firm to get protected from debt collector harassment

Jeff Hoyt is SeniorLiving.org’s Editor-in-Chief.

For more of what struggling seniors need to know, watch    • 6 Things Struggling Seniors Need to K...  

For more on why seniors shouldn't worry about old debts, watch    • Why Seniors Shouldn't Worry about Old...  

For more on how to deal with debt collectors, watch    • Why Seniors Shouldn’t Worry about Deb...  

Struggling? Here's what seniors need to know about debt:    • 5 Things Struggling Seniors in Debt N...  

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To contact the HELPS Nonprofit Law Firm, call 1-855-435-7787 or visit helpsishere.org.