Predatory lending companies often prioritize profits over helping people solve debt problems. In Massachusetts, if someone is struggling with debt and involved with a predatory lender, he or she can seek financial help that can stop harassment by creditors. Often, a company will resort to calling people at home and work in as harassing a manner as possible. Financial reorganization of assets can put a stop to creditor harassment and their often-predatory ways of doing business.
Sometimes paying off debt can take a lifetime. With the high costs of college and high interest rates on credit, it may feel to some Boston residents that they will never be able to get out of debt. Some parents take on loans to help out their children and others rack up credit card debt. Debt relief is available for consumer debt and can put some boomers on the road to financial freedom.