Told Ya

Oh, go on, we earned it! David Sirota: Please forgive me for saying it ... passed a bill written by the credit card industry to gut bankruptcy laws, progressives were right ... and boost the economy. They told us that a trillion-dollar Wall Street bailout would solve a credit crisis [more...]

Date: 2008-12-15 12:22:16

Blog posts (173) | Videos (85)
 

Is Credit Repair for you?

My take on credit repair is this: there’s no quick fix solution and those who say differently are selling something ... the scammers. These companies have phrases like: “Credit Problems? No Problem!” “We can erase you bad credit - 100% guaranteed!” “We can remove bankruptcies, judgments, liens, and bad loans [more...]

Date: 2008-10-28 12:46:32

An honest-to-God advocate gets a top job

No, not on the national security team — get real. And not exactly a top job — her power as head of a panel. . . ... . Warren and haven’t seen her, on, for example, PBS, she’s a Harvard law professor specializing in consumer credit laws and personal bankruptcy reform. She also co-authored The Two-Income Trap: Why [more...]

Date: 2008-12-02 14:10:30

Fixing Housing & Finance: 30/20/10 Proposal

A Modest Proposal: The housing crisis worsened over the summer of 2008, prompting Congress to debate various bailout proposals ... to the credit crisis. The bankruptcy of Lehman Brothers and the nationalization of AIG were the results ... or administrative or budgetary review. It is fraught with moral hazard, rewarding bad judgment [more...]

Date: 2008-09-22 11:30:25

More Info On Good Credit History

Bankruptcy is an option but the laws havechanged and it is not always the best way ahead ... you may have ended up hindering you. Bad Credit Personal Loans Getting your credit card debt ... . It is often the case that these credit card debts have increased over a period of time because [more...]

Date: 2008-12-20 06:29:26

Credit Repair Scheme Promises Fast Score Increases But May Be Illegal

Establishing a good FICO credit score isn’t all that difficult; all you have to do is pay your bills on time ... to wipe out a judgment or a bankruptcy from your credit report. Most consumers, understandably, would rather not wait that long and there is not shortage of companies that promise to repair credit [more...]

Date: 2009-01-08 08:18:32

Markets Manias: Thinking About the Year Ahead

The alternative title for this post might have been "Still Inside the Box" since recent market action could be taken, as we are tending to do, ... we're "in the box" because the markets are wrestling with a) the continuing credit crisis ... collapse, the Lehman bankruptcy, we see the sudden grasping of the truth of how bad it is. The mid-Nov [more...]

Date: 2009-01-17 14:34:33

How Does Bankruptcy Function

by Ada Denis Of course, bankruptcy is your last fall back. It is hard but offers a legal repair for your financial position ... in the paper) What if I don’t register bankruptcy - what could take place? Bad credit ranging ... . Chapter 13 This allows you to hold your block, but the court appoints a legal guardian to aid [more...]

Date: 2008-11-09 08:41:14

Bush Working on "Orderly" Auto Bankruptcy

Apparently the President has heard the voices of his own party, ... bankruptcy court is the best way to work through credit and debt and restructuring," he said during ... -planned bankruptcy for the GM and Chrysler that would safeguard against a chaotic reorganization [more...]

Date: 2008-12-18 19:04:54

Debt Settlement, Bankruptcy and Credit Ratings

by Eric Jilson Debt is often one of the largest expenses people may have ... credit card debt where the interest rates are quite high. Your best strategy is to pay all you can towards that debt and only use your credit card in emergencies. There are caveats; it’s also a good [more...]

Date: 2009-01-08 14:53:06

Tough Times For Retailers - And Shopping Center Owners

It looks like that there will be a great deal of downward pressure on retail landlords in the coming year ... s LLC, have sought bankruptcy protection this year as the credit squeeze and recession drained sales ... when they file financial reports, said Burt Flickinger. via Bloomberg.com Thanks for reading this post [more...]

Date: 2008-12-30 12:32:50

The Credit Rebuilding Car Sales Scam

Keywords: car care products, car wax With the rise in bankruptcies, repossessions, and general bad credit in the United States it has given birth to a whole new segment of the car ... automotive dealership now has a bad credit department. They have developed special sales techniques [more...]

Date: 2008-06-17 09:09:24

Credit Card Debt: Next Big Hit to Banks?

Given how overextended consumers are, and how banks have been cutting back on the cheapest piggybank, home equity loans, by slashing those credit lines, and the reports of rising delinquencies from even conservative ... in credit card losses. But under the new bankruptcy code, if you do no qualify for Chapter 7 bankruptcy [more...]

Date: 2008-10-01 09:17:30

Columnists

Spencer Abraham, New York Times: Just as financial institutions depend on the confidence of those with whom they do business ( ... liquidation under Chapter 7 of the federal bankruptcy code. Debtor-in-possession financing — which ... credit from suppliers, which amounts to tens of billions of dollars.  And as surely as day leads [more...]

Date: 2008-11-24 19:21:30

Book Review: Personal Finance for Dummies

Another book review.  This time I’m reviewing Personal Finance for Dummies by Eric Tyson!  ... your net worth.  It explains to you about FICO and what your score might mean.  It also discusses ... to deal with debt.  Do you use savings or cut up your credit cards.  Should you file bankruptcy [more...]

Date: 2008-10-16 19:53:54

The Debt Trap

It’s a lot more expensive and complicated to file for bankruptcy now (thanks, Republicans and their Democratic enablers!) ... who concentrates on bankruptcy. “There is no equity to pay off their credit cards ... are under the mistaken impression they can no longer file: Bankruptcy lawyers report [more...]

Date: 2008-11-16 13:29:46

Debt Management Keeping A Check On Your Finances

Money is available at an all time low interest rates in market. Easy credit is luring people to take money from creditors these days ... bad credit such as arrears, defaults and bankruptcy in the past their requirements are also catered [more...]

Date: 2009-01-15 02:06:13

The hottest trend in 2009: declaring bankruptcy

Bankruptcy filings are on the rise. With the ongoing destruction of wealth and employment, ... a bad thing, unless one is a retailer; on weak consumer demand, 2009 is expected to bring further ... , have sought bankruptcy protection this year as the credit squeeze and the U.S. recession drained sales [more...]

Date: 2008-12-28 15:54:00

A TV lawyer annoys The Hawg

So there I was, minding my own business and watching television last night when one of those damned lawyers appeared ... . The bankruptcy boy was also warning people against credit repair companies, claiming they probably can't ... to nationalize the legal profession and pay all attorneys about $40,000 a year [more...]

Date: 2008-10-14 01:20:04

Weekly Carnivals

So this week I’m starting a turbotax giveaway.  Subscribe to my RSS or Email feeds in the left sidebar, and EMAIL me the secret word; ... of Money Stories 12-22-08 Carnival of Credit Report Stories 16th Carnival of Bankruptcy and Debt 12-20-08 Carnival of Financial Planning 2nd Everything Credit Carnival I admit to not really reading [more...]

Date: 2009-01-04 20:35:39

The hottest trend in 2009: declaring bankruptcy

Bankruptcy filings are on the rise. With the ongoing destruction of wealth and employment, ... a bad thing, unless one is a retailer; on weak consumer demand, 2009 is expected to bring further ... , have sought bankruptcy protection this year as the credit squeeze and the U.S. recession drained [more...]

Date: 2008-12-29 14:23:54

The hottest trend in 2009: declaring bankruptcy

Bankruptcy filings are on the rise. With the ongoing destruction of wealth and employment, ... a bad thing, unless one is a retailer; on weak consumer demand, 2009 is expected to bring further ... , have sought bankruptcy protection this year as the credit squeeze and the U.S. recession drained [more...]

Date: 2008-12-29 15:01:50

Delete Late Pay History

by Matt Douglas Late payments are not created equal; a 30 or 60 day late pay will not damage your score much, and can often be removed ... . There are a few exceptions such as a bankruptcy. The Fair Credit Reporting Act clearly says [more...]

Date: 2009-01-08 14:53:06

Are You Or Any Of Your Clients Considering Bankruptcy?

As I have been watching the news this week, I see that bankruptcy is at an all time high ... to require that anyone filing bankruptcy complete an approved credit counseling program before [more...]

Date: 2008-10-01 11:46:06

Bankruptcy Repair ? The Only Sure Way To Improve Credit Score

September 25, 2009 | By Jack Bronson In Finance | by Jack BronsonBankruptcy has become something common these days. In has become a day to day happening as the fact is now understood by all. It is just a situation in which the debtor is unable to pay back the loan money to the creditor. Everything has become very simple. All that has to be done is to file bankruptcy in the federal court. Anyone, both creditor and the debtor, can do this. [more...]

Date: 2009-09-25 14:36:42

Quick Bad Credit Loans: Fast Financial Aid for Bad Credit People

People suffering from several debts like defaults, IVA, bankruptcy, etc. can easily avail quick bad credit loans. Borrower can get the money in their bank account within a day. To avoid extra burden [more...]

Date: 2009-01-13 12:56:21

In Credit Default, AMI Skirts Bankruptcy Filing

As part of its quarterly financial report, American Media Inc. said it is has again extended its loan payment, which was originally due September 25, until January 26. The payment was previously extended until January 15. read more [more...]

Date: 2009-01-12 14:46:24

Are You Using the Bad Economy To Get Better?

Small_Business_Productivity Everything seems so bleak for small businesses right now, from mounting bankruptcies and layoffs to squeezed credit. But all these woes may actually be sparking [more...]

Date: 2009-01-08 05:31:12

Are You Using the Bad Economy To Get Better?

Small_Business_Productivity Everything seems so bleak for small businesses right now, from mounting bankruptcies and layoffs to squeezed credit. But all these woes may actually be sparking [more...]

Date: 2009-01-13 16:57:00

Following Up on Dubai's Implosion and the Demise of Napa's Copia

Some follow-up to two recent stories ... has prepared to file for bankruptcy and has picked up some credit in order to pay some necessary bills ... , particularly this very detailed, interesting report from the Telegraph about the possible implosion [more...]

Date: 2008-12-03 12:00:00

Are gift cards appealing this holiday season?

In the midst of this shaky economy, it's almost a weekly routine for a retailer to file for bankruptcy protection and eventually announce ... cards through credit card companies like American Express and Visa. At least ... a bit unappealing this holiday season. Sure that plastic debit-like card does wonders for people [more...]

Date: 2008-12-02 14:53:41

Consumerist's Top 10 Circuit City Stories Of All Time [Circuit City Death Watch]

Now that Circuit City is going to be liquidated — it's time to look back on the store that was ... his $40 digital transition converter box coupon unless he signed a credit slip agreeing to pay $40 ... Bankruptcy is a time for reflection, we guess, so we put together a nice little time line of Circuit [more...]

Date: 2009-01-16 16:49:49

Water Water Everywhere

I keep thinking about TARP and I'm persuaded that Chapter 11 is better. Maybe it's time to stop the trick-le of bailout money to the moribund. Put all failing banks and companies into Chapter 11. The bankruptcy laws are adequate: equity ... of creating credit again. [more...]

Date: 2009-01-17 16:06:33

2008 brought More Law

Shrinking budgets may result in laid-off corporate attorneys, but one area’s still expanding: the case volume in federal courts. Litigation in U.S. federal courts rose 9% in 2008, reports the Law360 Litigation Almanac, thanks to disputes ... - related filings.” Corporate bankruptcy filings surged in 2008 (….). They note that “credit conditions [more...]

Date: 2009-01-14 18:48:45

Repairing Credit Is Hard, Not Impossible

On average, if you are an American your credit score probably reads at about 692 A good score is considered to be 700, ... to find information on credit repair feeling lost as they read of lawyers and bankruptcy... ... so really even the average American needs to improve their credit some However, with many people [more...]

Date: 2008-12-25 16:00:00

Water Water Everywhere

I keep thinking about TARP and I'm persuaded that Chapter 11 is better. Maybe it's time to stop the trick-le of bailout money to the moribund. Put all failing banks and companies into Chapter 11. The bankruptcy laws are adequate: equity ... of creating credit again. [more...]

Date: 2009-01-17 16:25:56

O.C. house prices seen rising in 2013

Fed plan should stem credit card crunch Lenders did booming business in stressed counties Nominate an O.C ... should stem credit-card crunch Group calls for 180-day foreclosure moratorium O.C. mortgage rate drop a “miracle” Fed to pump $800 billion into credit markets Downey Financial to file for bankruptcy [more...]

Date: 2008-11-29 11:00:43

Scammed? Let's Talk [PSAs]

Looking for sources for an article I'm working on for a major national magazine ... of a credit repair or hidden bankruptcy scam?Email me at ben@consumerist.com, along with how you knew [more...]

Date: 2008-10-14 02:51:18

Deals of the Day: Is BCE the Next Busted Buyout?

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity ... billion into ailing credit markets, much of it directly from the Fed. The central bank plans to buy ... governments to move rapidly to recapitalize their countries’ banks to repair financial markets. WSJ [more...]

Date: 2008-11-26 13:47:54

Scammed? Let's Talk [PSAs] (pfblogs.org)

Looking for sources for an article I'm working on for a major national magazine ... of a credit repair or hidden bankruptcy scam?Email me at ben@consumerist.com, along with how you knew [more...]

Date: 2008-10-14 03:04:06

Deals of the Day: Citi’s Split Personality

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity ... of America’s credit-loss provisions surged, while a preliminary loss of $15.31 billion at Merrill Lynch ... to Citigroup on business cards, brochures and marketing materials, Bloomberg reports. Bloomberg Today [more...]

Date: 2009-01-16 14:02:58

New York City Bankruptcy Lawyer amp; Attorneys - Chapter 7

div style=’float: right; width: 100px; padding: 5px; margin: 5px; background-color: #FFFFCC;’font size=1font color=’#cc0000′bTip! ... include child support, taxes, student loans etc./ppOne bad aspect of filing for personal bankruptcy is that it will stay on your credit report for ten years. Obviously, this makes applying for new [more...]

Date: 2009-01-11 16:15:36

The Gottschalks bankruptcy

A few thoughts about Gottschalks Inc. filing for Chapter 11 bankruptcy earlier today: 1 ... becomes even tougher in a credit crunch; a consultant told me there's precious little credit available ... environment: my colleague Mark Glover reports that Ann Taylor and Banana Republic are closing their stores [more...]

Date: 2009-01-15 01:15:47

GM Will Go Bankrupt: Why That May Actually Be Good For The General [Financiapocalypse]

I'm not the first person to say it. After yesterday's 31% drop in the price per share, ... for credit does not change in the next year, bankruptcy is not only an option, it's the only option. Yes, GM ... need to go about doing business on a day-to-day basis and it's a problem that looks to not be fixing [more...]

Date: 2008-10-10 12:30:00

Fast Cash Loan

Need quick funds to tackle sudden expenses? Then in such a situation one external source i.e. cash loans can be easily trusted ... no credit check! This means that bad credit holders can also easily qualify for these loans. Those with bad credit like CCJs, IVA, late payments, arrears, defaults and bankruptcy are acceptable. As cash [more...]

Date: 2009-01-17 03:31:01

How Fast Can You Get A Home Loan After Bankruptcy?

One of our readers, Desiree, had this question: Is there any possibility of getting a home loan sooner than 2 years after a bankruptcy discharge? ... . Companies that I had included in my bankruptcy continued to report my accounts as open on my credit ... Negative Information On Your Credit Report - Obviously you don’t want to challenge every single [more...]

Date: 2009-01-06 16:28:19

Good Credit Report Score

Good Credit Report Score December 20th, 2008 Subscribe To Our Feed Bankruptcy is an option but the laws have changed and it is not always the ... establishments that promised to help you may have ended up hindering you. Bad Consolidation Credit loan personal Getting your credit card debt relief procedure started is the most important thing [more...]

Date: 2008-12-20 06:19:18

Are You Thinking About Declaring Bankruptcy?

by Elma Evvie Declaring bankruptcy is one of the most difficult decisions and should never be taken lightly ... of before ou begin declaring bankruptcy that you may or may not know. 1. Your Credit Score: Your credit score is extremely important when it comes to getting new loans or even trying to get a job [more...]

Date: 2008-12-01 12:58:15

Stiglitz: Just Say No to Tax Cuts

Joseph Stiglitz on the tax cuts versus spending question: Do not squander America’s stimulus on tax cuts, by Joseph Stiglitz, Commentary, ... incident can push a family into bankruptcy. Helping the unemployed meet house payments reduces ... tax credit; it provides a big bang for the buck, encouraging companies to invest [more...]

Date: 2009-01-15 22:16:00

The Federal Government may be counting on Middle America's spending to shore up the economy, ... bankruptcy are job loss, divorce, unexpected expenses, and significantly overextended credit. For many ... to make the payments, so began drawing money from credit cards while putting those houses up for sale [more...]

Date: 2009-01-15 14:26:27

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