W3 Debt Solutions MBO

Crains Manchester reports that Chorley-based consumer debt group W3 Debt Solutions has undergone an??MBO fromits previous owner??Begbies Traynor. It said no price was given for the transaction and neither Begbies Traynor (AIM: BEG) nor W3 were available to confirm the deal. It said W3, which trades under the name of National Money Helpline [more...]

Date: 2008-11-20 16:17:48

Blog posts (19) | Videos (15)
 

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 ... details or inaccurate information on your credit report. Notify a Consumer Reporting Agency [more...]

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

Collection Agency calling from 571-431-1958 (Washington, VA)

Steve reported a Collection Agency (5714311958 from Washington area, VA) . The following comments were posted: AACC AACC AACC 5127689800 AACC 804-234-9056 assetacceptance.com Asset Acceptance is a leading purchaser and collector of charged-off consumer debt. Since 1962, we have provided credit originators such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt. [more...]

Date: 2009-09-25 19:53:49

“I’m Going to Put a Judgment on You”

Often we hear reports from clients that a debt collector threatened to put a judgment against them if a debt was not immediately paid.  This is a misleading statement and may be actionable under the Fair Debt Collections Practices Act and/or the corresponding Pennsylvania law protecting consumers from abusive debt collection [more...]

Date: 2009-01-04 21:06:20

That New Cookie Lee Math

It’s time for another report from yours truly, the Cookie Lee Black Sheep ... as a result of a sagging economy. Consumer debt is at an all-time high, presenting current ... on their optional spending, but consumers who already HAVE debt are in no hurry to create MORE debt [more...]

Date: 2008-07-29 15:16:21

Consumer deleveraging: only just begun?

Yesterday, the Federal Reserve reported that outstanding consumer credit for November fell a worse-than-expected $7.9 billion, lending support to the notion that the consumer is deleveraging. However, based on the accompanying graph of year-over-year changes in consumer credit and mortgage debt relative to GDP [more...]

Date: 2009-01-08 06:26:08

September 30th, 2008 - Help Stop Debt Harassment, Learn Your Rights!

Obtaining credit can be fairly simple. If you have a steady job, an acceptable debt-to-income ratio, and no history of serious credit delinquency, ... Responsibility of Debt Collectors or other Furnishers to the Consumer Reporting Agencies. Procedures in the Case [more...]

Date: 2008-09-29 05:38:41

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 ... it) is a willingness to negotiate some of that debt away without regard to its effect on your credit score [more...]

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

Foundations of Crisis

Foundations of Crisis Posted by Roger on January 14th 2009 Guest Article By Doug Casey, Chairman, The Casey Report, Casey Research, LLC ... if the amount of consumer debt out there, mostly accumulating at 18% interest, is any indication. One point [more...]

Date: 2009-01-15 01:50:29

Mortgage and Credit Card Companies Under the Spotlight on Consumer Charging

For the first time since May 1996 reports have indicated that wage increases have risen faster than house price inflation ... that consumers are struggling with debt. Ed Stansfield of Capital Economics, said, “Today’s figures show that for a small but growing minority of borrowers levels of debt have become a problem, despite [more...]

Date: 2009-01-14 23:35:31

More Bad News For Retail REITs

Seeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic ... Malls around the nation are struggling with debt and vacancies against the backdrop of a significant slowdown in consumer spending. Reports from South Florida, Georgia and Arkansas below show things [more...]

Date: 2008-10-20 10:50:29

Rebuild your nest egg - 17 moves to secure your future now

Consumer Reports - January 2009 When bad investments happen to good people, there's only one thing to do short of weeping: Turn to Plan B ... and household goods. About 20 percent have paid off most or all of their credit-card debt ... and making choices we'd hoped to avoid. We might have to work harder to slash debt, cut spending [more...]

Date: 2009-01-13 22:42:30

The Not-So-Great Depression

I’m going to keep reporting sales trends for as long as economic ruin remains the foremost topic on everyone’s mind ... consumer. Curio City has no debt, but after paying Q3 payroll and sales taxes it hasn’t got much cash ... and I keep an iron grip on my financials. My conservative, no-debt, bootstrap business model looks [more...]

Date: 2008-10-17 16:25:00

The Night that the Lights Went out in Moscow

The Moscow Times reports: A senior government official angrily called up Dominique Fache, the Russia manager for Italian utility giant Enel, ... industry is mired in debt linked to unpaid consumer bills and the multibillion-dollar investment ... ($1.1 billion) in the fourth quarter to refinance debt, Mikhail Slobodin, the president [more...]

Date: 2008-11-22 03:19:44

Consumer Advice to Ring in the New Year

December 23, 2008 FTC News Release: Nine Consumer Tips to Make the Most of 2009 As 2008 draws to a close, ... credit report with no strings attached. To learn more about credit, mortgages, debt collection ... the Federal Trade Commission has nine consumer tips that can yield big dividends next year [more...]

Date: 2008-12-23 18:24:31

Consumer Reports Retirement Survey: Planning Ahead May Be Just As Risky As Rewarding

February issue offers 17 moves to rebuild the nest egg and secure the future In the wake of big investment losses many have turned to Plan B to ... people, they have to work harder to slash debt, cut spending and save more. Switching to Plan B means [more...]

Date: 2009-01-06 12:09:04

Taking the Consumer Out of Consumerism.

With all the bleak news reported daily and seemingly updated by the hour, ... - excessive consumers. In an effort to keep up with the Joneses, we have become dependent on credit and debt [more...]

Date: 2008-12-09 14:00:33

Common Credit Questions: Should You Send a Debt Validation Letter on an Attorney's Letterhead?

No. Actually, a debt collector may overreact to a DV letter sent from an attorney. You do not want the collection agency/creditor paying too much attention to your dispute. You want them to ignore it so it goes away. The Fair Credit Reporting Act (FCRA) expects that the consumer [more...]

Date: 2008-12-26 19:14:00

Transfer Your Balance to Avoid Interest

Consumers will spend around £11bn on plastic leading up to Christmas and the New Year, reported by the Association for Payment Clearing Services ... one credit card,another solution to save on interest would be to make use of a debt consolidation ... this you can switch your debt| by switching your debt on to the new card as soon as the festive season is [more...]

Date: 2008-11-13 22:08:22

19 Results