Credit Card Laws and Court Rulings–Have They Helped Consumers?

This is a guest post by Bill Hardekopf, CEO of LowCards.com . Congress passed the Credit CARD Act in May but gave issuers and banks almost one year to implement the major provisions of the bill. Since then, issuers did exactly what they threatened to do–raise rates and fees on a broad group of cardholders. Consumers and elected officials are not happy about this, and members of Congress plan to introduce a bill to accelerate the effective date of the bill from February 22, 2010 to December 1, 2009. [more...]

Date: 2009-09-25 19:18:38

Blog posts (31) | Videos (48)
 

Latest News in Refinancing Home Mortgages - Dec 11, 2008

Mortgage rates foreseen under 4% - Baltimore Sun WASHINGTON Government efforts to provide easier credit to consumers and to help housing finance ... economy and troubled credit markets. Mortgage applications were up 112 percent during the week [more...]

Date: 2008-12-11 12:40:58

(Update II: Quote from Kerry Vandell added, more background on Gotschall.) Edward Gotschall, co-founder of a former market leader in loans to people with spotty credit ... much criticism they helped expand credit and homeownership to a wider pool of consumers. Subprime [more...]

Date: 2009-01-08 17:39:53

Do it Yourself Credit Repair Vs. Using a Credit Repair Service

The current state of our nation’s economy has many consumers reevaluating their financial situation and seeking ways to improve upon it. And while the need for credit repair is garnering increased awareness (after all, it can help consumers acquire better rates on home mortgages and car loans, and even affect employment opportunities), how to go about repairing your credit can be a frustrating, bewildering and downright overwhelming process. [more...]

Date: 2009-07-17 03:11:36

The Bad Paper Chase

And the handout/buyout craze continues. The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt ... obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks ... also unveiled a new program to help unfreeze the market that backs consumer debt such as credit cards [more...]

Date: 2008-11-26 00:46:42

How The FTC Helps To Protect Your Credit Repair Consumer Rights

The FTC or Federal Trade Commission works on behalf of consumers throughout the United States for more than 90 years. They gather and publish consumer information to educate and inform them. They also investigate consumer complaints of fraud and unfair business practices. [more...]

Date: 2009-09-28 14:01:14

Be Careful With Credit Repair

Advertising messages offering to help people get out from under are over-the-top these days ... category of help offered to debtors is called "credit repair". It's interesting ... 33 credit repair businesses that had made false promises to consumers, guaranteeing to remove [more...]

Date: 2009-01-05 12:39:47

Thinking for a used car loan is a right idea to save more and pay off your debt quickly

More and more people are searching for auto loans for bad credit . With household debt being at an all-time high, credit ratings keep dropping. Just a few years ago, individuals with low scores found it nearly impossible to be accepted for a car loans. Today, things have changed. Banks and lenders have realized that with the increasing debt, opportunities do exist to not only help consumers get a guaranteed car loan , but to help them rebuild their financial reputation once again. [more...]

Date: 2009-08-26 13:25:27

FTC Crackdown on 36 Credit "Repair" Companies

sweep.jpg Ever wonder if those TV ads claiming to help you repair your credit are legit? ... they are able to scrub your credit reports of accurate, negative information for a fee are lying - plain ... information from consumers' credit reports, even if that information is accurate and timely. The FTC [more...]

Date: 2008-10-28 11:15:52

Credit Repair Financial

There are Federal and State laws that regulate creditors and credit bureaus and protect consumers. We use these laws to help you attack your credit i 1 Vote(s) [more...]

Date: 2009-01-08 04:53:59

Big-time consumption won't cure our economic ills

Ripped from the wires ... In full contrarian mode, Froma Harrop explains why renewed consumer spending is NOT the path to national recovery: ... . Washington must help unfreeze the credit markets so that people can borrow for such big purchases as cars. But it will have to passively watch a lot of stores and entire malls go broke. The "overstoring [more...]

Date: 2008-12-16 19:04:32

Sellers think you don't have to lower prices or offer closing help? The next shoe is dropping, this time Credit Cards!

With the stock market down big today and oil back up I have to admit it's been a downer of a week. I did have to chuckle though today in reading this story about just how bad it's getting for the banks. Lenders have long relied on consumers' credit scores to decide whether to approve card [more...]

Date: 2008-06-21 05:23:51

The Fed Should Buy Down Consumer Credit Card Rates - Fast

Lets say I owe the bank behind my credit card  1k dollars and Im paying  10pct interest because the best I can do is a little bit more than the ... that I have my credit card  with and charge it 5pct plus some warrants to in turn loan that money back ... with to help save people’s homes, are many of the same banks that are pounding credit card holders [more...]

Date: 2008-10-24 23:38:36

Bailing out homeowners and consumers: 2 letters

Now that the election is over, it is time to get our country back in order. The housing market seems to be the big drag on the economy ... because people would be willing to buy on credit and help out the auto industry from the bottom up through ... of this program would be about $8,000 per household (in points paid to refinance), and if 50 million [more...]

Date: 2008-11-17 23:54:00

Circuit City files for bankruptcy protection

NEW YORK (AP) -- Circuit City Stores Inc., the nation's second-biggest electronics retailer, ... has been struggling as nervous consumers spend less and credit has become tighter, and the retail industry ... said, adding that the reorganization could help the company get out of leases for certain bad store [more...]

Date: 2008-11-10 15:26:11

Car, RIP: Now for Argentine Automaker Bailouts

Reading today's headlines, you cannot help but think that the days of the internal combustion engine-powered automobile are numbered ... of bad news for the global auto industry get you down. It appears that even LDCs are getting ... on a plan to provide consumer credit to finance the purchase of locally made cars. Reuters reports [more...]

Date: 2008-12-07 13:55:00

Deflation Helps Consumer, But Will Hurt Americans

Home prices crashed first. Now gas prices are dropping about 10 cents a week in Arizona ... to invest even when credit is free. Making matters worse is the global nature of the coming ... to Iceland to Brazil, the pandemic has spread, bringing with it a tightening of credit [more...]

Date: 2008-11-04 13:24:04

paying tuition to life

Have you ever loaned money to a friend or family member? Did you really loan it or was it borrow? ... student he ran up credit cards, drove a a fancy car, and took out student loans, etc.  He was a ROTC ... my parents weren’t helping me, but had preached no consumer debt. Plus I had student loans. Anyway [more...]

Date: 2008-10-21 13:00:30

List Brokers Help Telemarketers Defraud Consumers

... from list brokers. This industry is regulated in part by the FTC. The recent FTC judgment against ... assisted and facilitated telemarketers of fraudulent "advance-fee" credit cards by providing them [more...]

Date: 2008-10-09 01:52:08

Product Management Question Corner: Sean O’Neill, uTANGO

Psst…Hey kid. Wanna learn a little somethin’ about Product Management? I know a guy who knows this guy who can help ... of Product Development and Operations.  We developed and operate the world’s richest consumer credit-card [more...]

Date: 2008-12-15 13:42:59

Gas-Saving Moment of the Day: Gas Credit Cards

Gascredit Gas credit cards can save you money at the pump ... dropping to a less-helpful 3%. Also be aware that credit card companies can basically change ... . Some cards offer rebates as high as 5% on gasoline, but don't be a mindless consumer — pay [more...]

Date: 2008-07-18 12:01:35

More Consolidation Debt Help

Debt got you down? You’re not alone. Consumer debt is at an all-time high and it’s not getting any better any time soon ... on your credit report for 10 years, and can hinder your ability to get credit, a job, insurance, or even a place to live. The Federal Trade Commission (FTC) cautions consumers to read between the lines [more...]

Date: 2008-12-07 14:49:49

Consumer Headaches: 15 ways to get help

My two-month-long fight with Qwest, which barring a stroke of luck will no doubt go on a lot longer, ... serious problems that might damage your credit rating or cost you big bucks requires you to roll [more...]

Date: 2008-10-26 02:56:28

YouTubers, Beware: Viacom May Soon Slip You a Subpoena

YouTubers, Beware: Viacom May Soon Slip You a Subpoena (Image credit: Gizmodo.com, referring to the RIAA's relentless consumer suing spree) ... Business Notes Congress may approve "the biggest overhaul of mortgage financing since the New Deal ... is designed to help you get the best loan available at the lowest interest rate possible. Apply for [more...]

Date: 2008-07-07 08:10:02

This sounds less bad

I doubt anyone can know how much it might help, but the desperation apparent in this move should be obvious. From Bloomberg: The U.S ... it improves auto sales much. Maybe people pay off some credit cards and take some classes ... up the consumer-finance market, using money from the government’s $700 billion rescue, two people familiar [more...]

Date: 2008-11-25 05:46:00

Just What Independent Farmers Need: More Photo Ops with Wal-Mart

The local food movement has energetically spread across the United States in the last few years, spurring activist consumers to support local farms, ... has been quick to take credit for the small amount of local produce it DOES sell. BloggingStocks advises ... could help repair the rift between small-town merchants and the retailing behemoth [more...]

Date: 2008-07-24 19:19:34

Helping to Explain the Bailout Issue

   Helping to Explain the Bailout Issue to Jittery Clients/Consumers Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem. In this short article, I hope to give ... /Freddie issued and now holds in their portfolio is reported as a bad investment because the value [more...]

Date: 2008-10-03 13:49:54

Where's The Consumer Interest Tax Deduction?

by Deacon Blues Mike Lillis of the Washington Independent gives us a good piece on credit card reform, noting the (to be expected) ... the taxpayers for the biggest swindle in history with the TARP. It appears that the Democrats once again ... that would help taxpayers now without pissing off the ABA. Since Bush's credit-card foreign policy [more...]

Date: 2008-12-23 20:05:56

Helping to Explain the Bailout Issue to Jittery Clients/Consumers

by: Chris Galler, COO - Minnesota Association of REALTORS Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem. In this short article, I hope to give you at least ... and now holds in their portfolio is reported as a bad investment because the value of the asset [more...]

Date: 2008-10-01 17:06:08

Credit Repair

Credit Repair The effects from damaged credit can be far reaching. When it comes to credit repair it’s hard to know where to go or how to start. Credit repair services for those who feel their credit scores do not accurately reflect their credit risk. Helping consumers take action on their credit since 1991, Lexington Law has served over 1/2 million clients. Here is the video on Youtube : [more...]

Date: 2009-08-23 06:29:09

Credit Repair

www.lexcredit.com Credit repair services for those who feel their credit scores do not accurately reflect their credit risk. Helping consumers take action on their credit since 1991, Lexington Law has served over 1 million clients. This entry was posted is filed under Finance Videos. You can follow any responses to this entry through the RSS 2.0 feed. You can post your comments below. [more...]

Date: 2009-06-14 11:34:12

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