Debt Management, mortgage and credit news - a blog for the average consumer.

Credit card issuers and illegal debt collection practices attacked by NBC Dateline

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 …

New foreclosure prevention programs cause scamming businesses to proliferate

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 …

Foreclosure prevention scams: It’s easy to get sucked in

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 …

New foreclosure prevention and mortgage relief programs: A summary

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 …

New foreclosure prevention program: How to get help

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 …

Prevent foreclosure (at least for a while) and make your lender negotiate

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 …

Fast growing “Foreclosure Rescue” industry often just another scam

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 …