In 2009, “Identity Theft” accounted for 21% of all complaints filed with the Federal Trade Commission. Number two was “Third Party and Creditor Debt Collection” which totaled 9% of all complaints (119,549). “Credit card” complaints …
To protect the more than $600 billion in student loans insured by the federal government, Congress has made it very difficult to modify these loans. Bankruptcy courts are not allowed to reduce the principle except …
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. …
The American Bankers Association defines as “delinquent” any loan that has a payment more than 30 days overdue. Credit card loans were in the worst shape, with 4.75% of all accounts, representing 6.6% of all …
They will all deny it if asked, but my conversations with people who are trying to prevent foreclosure by negotiating new terms indicate that they are running into yet another obstacle: Lenders are stalling. They …
There are several regulatory bodies involved, but it appears that new, more consumer-friendly rules will be applied to credit card issuers. Unfortunately they will not take effect for more than a year. The most important …
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 …
As credit card delinquencies rise (up to 4.5% in most recent quarter), credit card companies have become much more aggressive in their efforts to get delinquent card holders to pay up, according to the Wall …
Refinancing your house became a way of life before the subprime mortgage market blew up. In the past, refi’s were done mostly to get a lower interest rate on a mortgage that had …
In many states, if your house is foreclosed or if you turn it into the lender and it is sold for less than the mortgage, you are still obligated to pay the balance of the …