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
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
The New York Times reports that with credit card delinquencies approaching record numbers, the credit card companies have come up with a new debt solution: Make a deal on the principle.
Up until recently, credit card …
Posted in Credit cards, Debt management June 17th, 2009 by Jack | Comments Off
The Obama administration has promised debt help for consumers in at least two important areas. One is mortgage debt and the other is credit card debt. They have moved forward in both areas in the …
Posted in Credit cards, Debt management, Foreclosure, Mortgages, Regulations May 15th, 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
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
We’ve all seen the ads on TV. “Got trouble with the IRS? Our professional counselors — many of them former IRS agents — can fix it for you. Call now.” Turns out that it’s not …
Posted in Avoiding Scams, Debt, Debt management, Regulations July 25th, 2008 by Jack | Comments Off
One of the most important payment terms on your credit card is the deadline for payment. Even if you are a person who pays the whole balance every month - depending on your balance …
Posted in Credit cards, Debt management July 23rd, 2008 by Jack | Comments Off
The New York Times has started a series on debt, and the first issue contains some discouraging stats. The liberalization of lending rules has, over the years, created a nation of serious debtors. …
Posted in Bankruptcy, Credit cards, Debt management, Mortgages July 21st, 2008 by Jack | Comments Off
A recent Wall Street Journal article interviewed people who had used self-help groups to help them get their debt under control. As one person (who recovered from $25,000 in credit card debt and arrears …
Posted in Debt, Debt management June 12th, 2008 by Jack | Comments Off