Though I do not agree with all of the article, WGAL.com offers the following discussion: “If you’re carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that’s the last thing you should do.” See Viable Alternative To Bankruptcy.
An Air Force public Affairs office offers this tid bit that is reaching into the pockets of civilians and milittary. It seems scammers generate random routing and account numbers, into which they try to deposit one cent. Once the one-cent deposit clears, the perpetrators know the account is active and begin to withdraw funds from the account.
Airman Loses $600 to ‘1-cent deposit’ Scam.
US News reports: “As New York State Attorney General Andrew Cuomo continues his probe into questionable practices of universities and college lenders, a new survey reveals that 63% of those with college debt spent “little or no time” comparison shopping for student loans and 78% spent less than a day researching their financing options.” Read more at National Poll Highlights Student Loan Crisis.