A law passed in 1991 designed to end expensive, unwanted calls to cell phones is now being used to win awards from debt collectors.
The TCPA forbids prerecorded calls to residential land lines without consent. It has [...]; . . . → Click Here to Read the Full Article
More than a year ago, five banks agreed to pay $25 billion and improve their foreclosure practices. Now, Bank of America, Citigroup, JP Morgan Chase, Wells Fargo and Ally Financial have been cited by federal regulators [...]; . . . → Click Here to Read the Full Article
Bankruptcy is designed to decrease your debt when you have become financially unable to keep up with it all. In some cases, like credit card debt, the whole debt will be wiped out. [...]; . . . → Click Here to Read the Full Article
The New York Times columnist, Gretchen Morgenson, reported two examples of judges losing patience with mortgage lenders. In one situation, in Boston, federal Judge Young felt that he had to dismiss a case in which [...]; . . . → Click Here to Read the Full Article
If you lost your home during the recession (either through foreclosure or “short sale”), or went bankrupt; and you can show that your problems were caused by a job loss, or reduction in income that was [...]; . . . → Click Here to Read the Full Article
The first thing I recommend is that you do NOT fall for the pitch of one of the many for-profit firms that say they do debt management, debt reduction or debt counseling. They may imply — [...]; . . . → Click Here to Read the Full Article
Most people do not qualify for any of the ways one can get federal student loans dismissed or reduced, but there are so many ways, it may be worth your while to check. For example, if [...]; . . . → Click Here to Read the Full Article
Prepaid debit cards sound like a good idea, especially for those who do not have bank accounts or credit cards for one reason or another. All you have to do is put the money in and [...]; . . . → Click Here to Read the Full Article
The Consumer Financial Protection Bureau (CFPB) has some recommendations for those who are behind in their student debt and are contacted by a debt collection agency working for the Department of Education. Here they are, from [...]; . . . → Click Here to Read the Full Article
Did Bank of America encourage employees to delay and deny mortgage modifications?
Anyone who has been involved in trying to get a mortgage modification knows that the loan servicers make it very difficult to get approval. [...]; . . . → Click Here to Read the Full Article