Re-default nation

The big question looming over the push to rewrite the home loans of people struggling to make payments is whether or not such mortgage ... % of all first mortgages in the U.S. Dugan called the results, part of his agency's new Mortgage Metrics report ... consumers replaced lower mortgage payments with increased credit card debt?  Is it because the [more...]

Date: 2008-12-08 17:35:26

Blog posts (17) | Videos (24)
 

Tell Us Something We Don't Know: Consumers Deeper In Debt

From the "not news" file comes a report from credit rating firm, Equifax, that consumers are falling more deeply into debt. According to Reuters, Dann Adams,... This is a content summary only [more...]

Date: 2008-12-23 20:47:24

FTC shuts down O.C. debt-negotiation scam

The Federal Trade Commission said today it has shut down an Orange County debt-negotiation business that instead of helping consumers resolve their ... their bills. The result: Interest on customers’ debts grew, leading to lawsuits, bad credit reports ... bills, drove them to bankruptcy. The FTC charged that Homeland Financial Services LLC of Santa [more...]

Date: 2008-09-25 23:09:42

How Does Bankruptcy Affect Your Credit Score?

For many consumers facing high levels of debt, bankruptcy may seem like the only available option ... clients will see this blemish on their credit report for up to seven years, but the implications don’ ... , as it can be hard to obtain credit, even with a clean slate. After the bankruptcy declaration [more...]

Date: 2009-01-08 02:16:12

Which is the bigger problem real estate debt? Credit card debt?

This is one example of why our country is having problems. The following was posted on the web site bankrate.com ... , publisher of the Nilson Report, a payment industry newsletter”. Did I read that right 9.5 credit cards ... scoring model, the number of credit cards a consumer holds is not a factor in the calculation, even [more...]

Date: 2008-10-13 14:55:26

A Trillion Dollars Ain't What it Used to Be

There is a report floating around arguing that with the collapse of the consumer credit market, ... markets without causing rates to get squirrely. That strikes me as an awfully simplistic view of things. First, there is a reason why consumer credit has gone south, and that plays back into debt [more...]

Date: 2008-12-23 20:17:00

How To Deal With Bill Collectors

In today's unstable economy people are consumed with financial matters ... , the credit card company may report you to a collection agency. This debt collection company is hired ... . Initially, you'll receive calls from your credit card company informing you of your late payment [more...]

Date: 2008-12-04 01:40:51

Despite getting details, FTC says ‘file a complaint’

Apparently few --- if any --- of the 950 employees at the Federal Trade Commission listen to radio, feels Grumpy Editor ... to:          Debt collectors or debit collection practices.          Credit reports ... the hypoed-blabber tag. Going to the FTC --- the nation’s consumer protection arm --- for their take [more...]

Date: 2008-09-23 13:14:48

Four at Four: Looking for Cash

Whatever remaining euphoria that existed on expectations for the passage of a mighty bailout package that will cure all bad debts and even ... s not ideal.” Business as usual means looking forward to the jobs report due out in the morning, the lackluster demand for consumer goods, and ongoing credit problems that have reduced borrowing [more...]

Date: 2008-10-02 11:40:00

National letstalk survey reveals consumer spending still strong on cell phones and plans

Recent economic hardships may have consumers scrambling even more to stay out of debt, but Americans won’t let the wireless payment slip ... , credit card payment, or rent/mortgage payment. When asked the primary motivation for prioritizing ... . Surprisingly, over 75 percent of respondents report never being late on their wireless bill [more...]

Date: 2008-11-04 05:52:38

Questions About Collections? Ask Melissa

Dear Melissa, My daughter is in the midst of a career move and has had a bill sent to a collection agency in the state she previously resided in ... can absolutely not affect your credit report in any way.  Consumer debt is not transferable ... the payment.  The agency will report to the credit bureaus that the account is paid, if applicable [more...]

Date: 2009-01-14 13:00:17

How To Eliminate Credit Card Debt

by Ada Denis There is almost nothing more serious than having too much debt to pay each month. Consumers get debt for many unusual reasons out ... . In the event of default on an unsafe debt a lender may report to a credit-reporting agency, contact ... taking control of your financial position is to learn how to get rid of your credit card debt [more...]

Date: 2008-11-23 17:42:51

Debt relief solutions are assisting thousands to get out of debt

Many consumers have been falling prey to the unscrupulous actions taken by the money grubbing credit card companies, ... negative slight against the debtor’s credit report. These practices are forcing consumers to look ... a negative on their credit report and giving the creditors the ability to raise the rate and basically [more...]

Date: 2009-01-16 14:48:15

Debt Reduction is more Important than Your Credit Score

If you are a baby boomer with a pile of consumer debt, you are not alone ... those with significant credit card debt to worry about. According to a report from the New York Times, credit card companies are showing increased flexibility with consumers who have significant [more...]

Date: 2009-01-04 00:34:49

What are my Credit Rights?

Knowing your credit rights as a credit card holder will be your guide and protection against unlawful practices that may be committed by creditors and debt collectors. The Fair Credit Reporting Act (FCRA) has made distinct stipulations with regards to promoting the accuracy and confidentiality of consumer credit reports. Let’s discuss [more...]

Date: 2008-12-22 06:55:21

Will the consumer credit card debt bubble lead to a collapse of the shopping mall economy?

Recession_levee American and Canadian consumers have long been living beyond their means ... as we see in this 2007 report: Canadians Crushed by Credit Card Debt "The  U.S. isn't the only nation ... their credit card debts, forcing banks to come back to the government for a second round of bailouts [more...]

Date: 2008-12-12 15:28:57

FREE Report: How to Save Money as a Family

As a special gift to readers of this blog, I’d like to give you this free report on how to save money as a family ... Instantly! Excerpt from report: Paying Down Debt The credit crunch has hurt many consumers who have credit cards.  Due to the fact that the banks are hesitant to lend money unless one’s FICO score is 750 [more...]

Date: 2009-01-09 03:07:08

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