The administration’s mortgage modification program is a little over one-year old. It has helped roughly 228,000 people get five-year reductions in mortgage payments, and another 781,000 are in the trial period. The …
Posted in Credit counseling, Mortgages, Regulations May 10th, 2010 by Jack | Comments Off
The Better Business Bureau makes this case and reports on the scams.
The scammers are especially clever at preying on people in trouble and they have come up with many ways to convince you they can …
Posted in Avoiding Scams, Credit counseling, Debt management January 11th, 2010 by Jack | Comments Off
The shenanigans of one of the leading credit card arbitration companies have embarrassed the credit card issuers and looks as if it will cause most of them to cancel arbitration contracts.
Credit card issuers started setting …
Posted in Credit cards, Credit counseling, Debt collection October 14th, 2009 by Jack | Comments Off
For a while now most credit card companies have inserted a mandatory arbitration clause into their contracts. This is to force their customers to settle credit card problems with arbitration and prevent them from suing. …
Posted in Credit cards, Credit counseling, Debt, Debt management, Regulations July 22nd, 2009 by Jack | Comments Off
Cable TV has many ads for organizations that say they can help modify your mortgage and prevent foreclosure. We went to one web site we saw advertised and found a deceptive pitch.
First they did not …
Posted in Avoiding Scams, Credit counseling, Foreclosure June 28th, 2009 by Jack | Comments Off
You can’t turn on cable TV for any length of time these days and not see commercials promising help with your debt. The latest is a commercial for a consortium of credit card companies plugging …
Posted in Avoiding Scams, Credit counseling, Credit repair, Debt management May 7th, 2009 by Jack | Comments Off
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
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
If you have read anything on this site about companies that tell you they can help you reduce your debts, help you get out of debt, or help you fix your credit, you know we …
Posted in Avoiding Scams, Credit, Credit counseling, Debt, Debt collection, Debt management October 19th, 2008 by Jack | Comments Off
Your credit card agreement probably contains an arbitration clause forcing you to take any disputes to arbitration before going to court. It sounds like a good idea, but as CNN reports consumers lose almost 100% …
Posted in Credit cards, Credit counseling, Debt collection, Debt management June 11th, 2008 by Jack | Comments Off