The house has been working on a bill which would give bankruptcy courts the right to rearrange the terms of certain mortgage loans in favor of the borrower. As it works now when you …

Faced with a looming tidal wave of foreclosures when millions of mortgages that had a two or three year introductory rate ratchet up to new and often unbearable highs in the next two years, the …

I have a friend of a friend who works for a subprime lender. One of the big problems with sub prime loans was somethng called “liar loans” in which the borrower submits no documentation …

As a volunteer consumer mediator, I handle a lot of credit card complaints and I have little sympathy for some of the practices of the credit card issuers. Interest rates that would make the …

I talked to a man today who agreed to sign up for a credit card he did not need because they had a special promotion at the store at which he was shopping. He …

Credit cards, even if you do not use them for borrowing, offer far more protection under federal law than debit cards. If you use a credit card to buy something and there is a …

The fact is that credit card companies can raise your interest rates for almost any reason, or (as one contract states) “for no reason at all.” In one of the more egregious cases …

The American Bankers Association reports that the percentage of credit card accounts 30 or more days past due was 4.64% in third quarter of 2005, down slightly from the all time high of 4.81% registered …

For years credit card companies lowered their required minimum monthly payment. In some cases the payment was not even enough to pay off the interest, which would mean the loan balance would rise every …