Relying on consumer expert Harvard Professor Elizabeth Warren, who says that credit card issuers have put the loan sharks out of business, NBC’s Dateline used hidden cameras to expose illegal and fraudulent practices of debt …
Posted in Avoiding Scams, Bankruptcy, Credit cards, Credit counseling, Debt collection, Regulations March 31st, 2009 by Jack | Comments Off
Seems hard to believe but the new foreclosure prevention programs announced by the government (and covered in recent blog entries) have become a new opportunity for fee-charging organizations that claim to offer you speed and …
Posted in Avoiding Scams, Foreclosure, Regulations March 12th, 2009 by Jack | Comments Off
The front page of the New York Times (3/8/09) has a classic story of a foreclosure prevention scam. It shows how easy it is to get sucked into these things.
The victim in this case was …
Posted in Avoiding Scams, Foreclosure, Mortgages March 10th, 2009 by Jack | Comments Off
An understandable (we hope) summary of new foreclosure prevention and mortgage programs:
You can just see those bureaucratic minds grinding away as you slog through some of the details of the two new programs …
Posted in Foreclosure, Mortgages, Regulations March 8th, 2009 by Jack | Comments Off
In other BLOG entries we are going to describe some of the details of the new programs (there is more than one) announced by the Treasury Department, but having reviewed the details, we think that …
Posted in Credit counseling, Foreclosure, Mortgages, Regulations March 6th, 2009 by Jack | No comments
The law requires that anyone looking to collect a debt through the courts has to show “reasonable evidence” of that debt. In the case of mortgages this means the mortgage documents that you signed. In …
Posted in Foreclosure, Mortgages, Regulations March 3rd, 2009 by Jack | Comments Off
You are threatened with foreclosure and you see an ad or get a letter from someone who says they can help. You call them up and you might hear one of several different pitches. Probably …
Posted in Avoiding Scams, Foreclosure, Mortgages March 1st, 2009 by Jack | Comments Off