Consumer Debt Collection Lawsuits: Are They Federal Or State Matters?

When you’ve been sued or harassed by a debt collection agency or a debt buyer, a company that purchases debt and generally uses illegal, ... federal or state court. *Federal vs. state* While the Fair Debt Collection Practice Act (FDCPA ... have adopted their own laws. We asked Steve Recordon, an attorney from San Diego, California whose firm [more...]

Date: 2008-06-26 13:40:47

Blog posts (187) | Videos (8)
 

Muni bond yields jump as states' fiscal woes worsen

Yields on tax-free municipal bonds are soaring again, pushed up in part by deepening budget woes in California and other states ... against default on California state debt than on the Mexican government’s debt. As investors ... and local government agencies -- will have trouble making debt payments. Although few analysts [more...]

Date: 2008-12-11 02:40:13

Life After the Credit Depression

If you have any doubts about how historic these times are we live in, lay them aside for a moment. We’d ask you to lay your cares aside too ... public debt and funding the modern welfare/warfare state are reaching a breaking point ... in a three-way contest to fund the debt of the English state. The Tories favoured the land banks while [more...]

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

Rewrite the State Budget!

by John Bambenek and Adam Andrzejewski At an education policy conference, from the podium an Illinois state representative says, ... now, the clarion call cannot be more clear…$2 billion of unpaid bills; worst pension debt in the nation; a total state debt of $110 billion; years of functionally unbalanced budgets; a Governor instituted, multi [more...]

Date: 2008-11-21 15:38:35

How Can We Save Our Debt-Swamped Government? [Your Government]

The United States is $10.2 trillion in debt. Like countless Americans, ... in debt and I only make $2.5 trillion per year, and now this Bernanke jerk put me on the hook ... all my stuff. Please, what can I do? Calm down, Jim. You too can escape from debt by following a few basic [more...]

Date: 2008-10-11 22:00:00

POWER DOWN YOUR DEBT (5)

A Systematic Approach to Paying Off Debt We have painted a fairly bleak picture of the debt problem in the United States, ... . When you learn how to “Power Down” debt, you will be able to eliminate compound interest much more quickly ... at the top of their list. You will notice on the report that the first debt listed is a VISA credit [more...]

Date: 2009-01-13 10:52:20

How To Consolidate Debts

by John Brennan Business and household debt in the United States is increasing daily ... out of this situation is debt consolidation, a process that more and more peoole are becoming familiar ... the inevitable. Debt consolidation, if approached correctly, can result in eventual reduction and even [more...]

Date: 2009-01-07 08:24:32

Debt relief options to achieve a debt free life

Increasing numbers of debtors are having serious monetary issues ... . The debt consolidations programs are widely adopted by individuals to end their debt problems. Here ... overnight. With the state of today’s economy, consumer debt is increasing in number. There are many [more...]

Date: 2008-11-17 03:31:00

Families USA: More Medicaid Spending Would Stimulate IL Economy

Although hospital surgeries and emergency room visits dropped slightly in the third quarter of this year compared with the same period in 2007, ... borrowing plan earlier this month, it won’t begin to cover the state’s medical debt. And Illinois isn’ ... as revenue sources dry up, it’s often state and federal medical programs that are first [more...]

Date: 2008-12-29 16:35:42

A helping hand with credit card debt is necessary many United States debtors

As of the moment here in our beloved country of the USA we’re experiencing a uncommonly bad state of affairs financially ... loan and the second is credit card debt settlement. Debt consolidation loans can end up being pretty ... . However a mortgage like this could make your life a little simpler. Debt settlement is a different [more...]

Date: 2008-12-18 16:28:03

Managing Account Receivables

In view of the current economic climate, it is not surprising that many companies are in debt and they are finding it even more difficult to repay ... Collection agencies in the United States which specializes in collecting debt for their clients. Well ... their debt on schedule. Working in the family company, I find it very difficult to collect debt [more...]

Date: 2009-01-10 03:01:00

Debt Relief USA Sued for Millions by Texas AG

Texas Attorney General Greg Abbott today took legal action to recover $4.6 million that a bankrupt “debt settlement” company wrongly withheld from its clients in Texas and other states. In June, Debt Relief USA Inc. of Addison filed for bankruptcy protection in the Northern District of Texas. As a result, more than 2,500 financially distressed customers [more...]

Date: 2009-08-20 16:30:16

Should You Hire a Debt Negotiation Service?

In times of financial crises, the looming problem of debt becomes much clearer In the United States of America especially, credit card debt is the primary type of debt experienced by citizens [more...]

Date: 2009-09-23 02:27:11

A 9-12 Project Report–The Mother’s Challenge: Moms To Politicians–Your Massive Government Spending Is Killing Our Children’s and Grandchildren’s Future

“History never looks like history when you are living through it. ~John W. Gardner http://src.senate.gov/public/index.cfm?FuseAction=Graphics.ViewLarge&File_id=19780049-f853-4ad4-9e23-cb9cb3e8fc17 United States of America National Debt Clock–Must See It To Believe It! http://www.usdebtclock.org/charts/national-debt-as-a-percent-of-gross-domestic-product.html   Stop Spending Our Future – The Crisis   Daniel J. [more...]

Date: 2009-09-26 14:15:16

So it begins with garnishment law

The first step was to pick a field and then to pick a very specific topic ... research and interpretation, bankruptcy law, multiple state jurisdictions, Federal preemption, debt ... . The field I selected was “credit card debt” contained within the general legal domain. “Credit [more...]

Date: 2009-01-06 19:07:34

Ecuador Contests $243 Million Brazilian Loan -- Brazil Recalls Ambassador

LAHT, Nov 23, 2008President Correa is challenging Quito's obligation to repay loan from Brazil government's BNDES that underwrote construction of the ... seek arbitration of a debt to Brazilian state-owned development bank BNDES, Foreign Minister Celso ... to contest the debt would lead Brazil to reconsider various joint projects with Quito."The Brazilian [more...]

Date: 2008-11-24 03:30:00

Zimbabwe Releases a $50billion Dollar Bill During Desperate Times

Zimbabwe has seen so many hard times in the recent years that it is difficult to even try to sum up their financial and political situation ... is such a problem right now that the $50billion note is only worth about two loaves of bread ... t just keep printing money that they don’t have.  Sound familiar?  This situation makes the United States debt [more...]

Date: 2009-01-14 12:35:24

Follow the debt

From the Times of Trenton: Bankruptcy lawyers’ business booming With real estate activity in a deep freeze, ... the debt. McCarter & English, the state’s largest law firm, will announce today it’s ramping ... with expertise in restructuring and debt management,” McCarter & English chairman Drew Barry said. Lawyers [more...]

Date: 2008-10-30 11:34:51

The Next Mortal Combat Match-Up: Thrift vs. Debt?

 Ohio State University's Devfinance listserv, an email network for students, practitioners and researchers of development finance and economics, ... , for example, last week's pro-thirft/anti-debt post announcing a new competition to develop a thrift ... the Templeton Foundation in suggesting that thrift, after all, might not be such a bad idea.  On the [more...]

Date: 2008-12-10 00:56:00

Bill Consolidation in Recent Times

An obvious thing that is happening lately is credit card problem. It has impacted almost many people in the United States ... you worry about debt. The numbers are 1-888-335-0363. These belong to a company that is willingly to help ... , it is needed. Credit card debt consolidation takes also an important role for customers after the above [more...]

Date: 2009-01-09 15:16:23

The Office of Auditor of the State of Kansas?

The Kansas Republican legislative leadership unveiled their "List of Things We Must Do in 2009" yesterday ... to actually eliminate more dollars from state coffers.* Overrule Sebelius by authorizing two new ... . We need to put more people to work, not fewer.* A cap on state debt.* Opposition to Gov. Kathleen [more...]

Date: 2009-01-15 15:45:00

Terengganu’s debt soars despite return of royalties

Terengganu’s debt soars despite return of royalties One night, when I was unable to fall asleep, I opened up the Auditor-General’s report, ... , the state government’s debt to the federal government has been rising during the same period: 2003 - RM891 ... These are largely due to federal loans, taken out for water supply and low-cost housing projects. [more...]

Date: 2009-01-15 11:31:06

Dark Days for the Golden State

Dark Days for the Golden State). After all, debt requires interest and principal payments and those payments come from one source — taxpayers.  If we keep ratcheting up taxes, we will simply delay [more...]

Date: 2008-12-22 20:36:40

That is the one question we are asked every single day.  Homeowners are confused with their options (or in some cases, their lack of options) ... is not doing the same tax relief as the federal government.  You may have a state tax liability ... the entire debt (on your first and second loans [more...]

Date: 2009-01-15 21:07:27

Quango Irish Bank.

So, starting close to home, finally, it’s Anglo Irish Zero ... under its hood – you can’t pretend the bill isn’t yours – and, overnight, the Irish national debt ... encumber the State with a truly huge amount of total junk – the problem is that they're probably going [more...]

Date: 2009-01-16 02:21:50

Governor Barbour orders more budget cuts to keep state’s fiscal house in order

GOVERNOR BARBOUR ORDERS FURTHER BUDGET REVISIONS Declining tax collections force tighter spending limits JACKSON, ... , such as the Ayers settlement and court-ordered Chickasaw Cession interest, Medicaid services, Homestead Exemption and Debt Service. State fiscal experts believe revenues for Fiscal Year 2009, which [more...]

Date: 2009-01-15 19:18:54

A Bubble in Bearishness

Nouriel Roubini: Last year’s worst-case scenarios came true. The global financial pandemic that I and others had warned about is now upon us ... of defaulting on their sovereign debt. Certainly, the United States will experience its worst recession [more...]

Date: 2009-01-08 00:26:43

Energy Blast - Dec 17th, 2008

The highly-anticipated OPEC meeting is being held today in Algeria, where members and non-members, including Russia, ... to make progress in talks on natural gas deliveries to Ukraine in 2009 and the settlement of the country's 2008 debt. Mosenergosbyt, the state-controlled electricity sales company, says it is willing [more...]

Date: 2008-12-17 10:09:26

Higher Education is Way Too Expensive

Nirmal’s piece last week on University lectures in the public domain got me thinking ... just the university’s students. This is absolutely correct, but he didn’t get into just how big of a problem ... to the exorbitant costs, those who do are often buried in debt. For example, in my home state of Ohio 67 [more...]

Date: 2008-12-12 22:22:45

Propositions 7 and 10 Offer Californians No Real Alternatives: Sierra Club California Opposes Both

By Jim Metropulos Senior Advocate Sierra Club California Sierra Club California stands firmly behind the idea that ... and the Governor’s office that would reform California’s Renewable Portfolio Standard Law and increase ... and end up digging the state further into debt. It also fails to help California meet its ambitious [more...]

Date: 2008-09-18 11:41:13

Tired Of Being In Debt? Consolidating It Is A Solution

by John Brennan Especially in the economy these days, debt is piling up, mainly in the United States, ... and the average american owning 7-8 credit cards, Debt is becoming a household name for a country ... debt consolidation. The unfortunate thing is that chasing ideas beyond ones true capacity [more...]

Date: 2008-11-23 10:18:57

Live reporting - Financial Planning Committee (cont'd)

6 - Financial planning (Roche)handout from Jim, includes listing from S&P listing the ten things for public finance that are characteristics of good ... budgetary risks6. A debt affordability model in place to evaluate future debt profile7. A pay ... - Financial Terms (Nutting)if the state would allow we would do these thingsthe capital budgetthe debt [more...]

Date: 2009-01-16 01:05:00

Troll Hall of Fame: Bryan

Bryan used to troll around Pushing Rope and Tas's defunct blog Loaded Mouth. Tas and I took great joy in mocking Bryan ... ? Cutting programs for the needy and driving the state in debt is not sound policy. Crist balked ... paying for current growth management, then why is there a current surplus? The housing bubble [more...]

Date: 2009-01-15 20:24:52

Career Alliance debt climbs to more than half-million for improper spending

GENESEE COUNTY, Michigan -- The state has started formal debt collection of more than a half-million dollars against Career Alliance Inc., the taxpayer-funded job training agency that regulators say over-paid vendors, ran up unsupported credit card bills, and improperly spent... [more...]

Date: 2008-10-09 23:18:46

What Every Consumer Needs to Know

What Every Consumer Needs to Know Building good credit history is extremely important to one’s life ... that control credit. These rights have been stated as provisions on Fair Debt Collection Practices ... so as to bear witness on whatever maltreatments or unduly practices of debt collectors and lenders. Fair Debt [more...]

Date: 2009-01-07 12:47:09

Democrat culture of corruption- Richardson chapter

Ex-investment officer says N.M. lost $90 millionby Tim KorteAssociated Press Writer A former investment officer for the state's educational pension ... in collateralized debt obligations offered by Chicago-based Vanderbilt Capital Advisors and Vanderbilt ... governing board. The lawsuit, filed on behalf of the state under a 2007 law, seeks damages [more...]

Date: 2009-01-15 17:40:17

Driving Mass Transit Riders Back To Their Cars

Just as more and more Illinois commuters were getting on board with mass transit, ... -term loans, Hynes says his office could begin digging out from under the mountain of unpaid bills. The state would then repay the debt as future revenues trickle in. Gov. Rod Blagojevich shot back [more...]

Date: 2008-11-19 22:40:38

Harold Pollack: "Get sick and get out." The travesty of medical foreclosures and bankruptcies

Today's news describes yet another study noting how often illness and medical expenses drive people into financial hardship ... bankruptcy researchers: Medical debt is central to the story. This is hardly surprising. Times are hard ... and further into debt. I became involved in many state boards and other opportunities... What kept [more...]

Date: 2008-09-20 21:49:52

alleged email from careerbuilder ceo

Following the layoffs at CareerBuilder last week that cut an estimated 15 percent of the job board’s workforce, ... ; Careerbuilder Sweden; CareerBuilder UK; CareerBuilder USA and Personified Subject: Where We Go From Here ... are some simple examples: 1) The United States debt has gone from $5.7 trillion in 2000 to over $10 [more...]

Date: 2008-12-12 17:04:56

Chances of a US Debt Default?

dice.jpg Thanks to credit derivatives (financial contracts that allow investors to speculate on / protect against default) we can observe how likely global markets think that it is that the United States will default on its mounting debts. Last week, markets pegged the probability of such a U.S. default within the next [more...]

Date: 2009-01-15 21:18:01

2009 Forecast: Agencies and MBS -- Back door huh?

For the rest of the 2009 Forecast series, click here. I lump agency debt and MBS together because both are basically wards of the state at this point ... GSE debt (that is, non-callable) has declined in spread from about +150 in October and November [more...]

Date: 2009-01-15 21:43:00

Where Can I Find Debt Consolidation Information - And How Can I Get Started?

Millions of people find themselves in debt every year ... consolidate debt” and so forth. Depending on the state of your credit rating or credit score ... with you and your creditors to find solutions. Often a credit card company will agree to reduce the amount [more...]

Date: 2008-12-31 00:24:32

Dr. Doom says we have a long way to go

Lately I've taken to listening to Bloomberg News while in the car on my way to and from work ... ; a few emerging-market economies entering a full-blown financial crisis, and some at risk of defaulting on their sovereign debt. Certainly, the United States [more...]

Date: 2009-01-13 11:43:01

Loan Consolidation Can Help You, But Know What You’re Getting Into

Tom Garimentis has given us the great opportunity to look on his web page and find many different lenders whom are offering “unsecured financing” ... in the United States are virtually buried under credit card debt. Many can never seem to get past ... for and they are finding themselves further in over their heads as each month goes by. Credit card debt [more...]

Date: 2008-12-09 15:55:52

Massive Surge In Municipal Bankruptcies Coming

John Moorlach, the accountant who predicted the 1994 Orange County bankruptcy sees Up to 10 Municipal Bankruptcies in Coming YearThe accountant who ... the $2.7 trillion U.S. market for state, county and city debt next year as public finances worsen amid ... , Rio Vista, with a population of 8,000, and Isleton, a 10th as large, have said budget gaps and deb [more...]

Date: 2008-12-28 11:20:00

Investing Now vs. Removing Debt

Recently, I got a visit from a friend and he revealed his current financial status to me ... the safer road – debt removal. The reasons being: The ability to clear debt is 100% certain. In our current economic state, the stock market doesn’t guarantee a positive return. Removal of debt relieves [more...]

Date: 2009-01-03 22:38:45

“The U.S. Just Isn't Going Anywhere Good”

With all the death and destruction in Palestine, it’s sometimes easy to forget that the North American economy is going down the toilet ... , if you invest in $300 billion worth of toxic debt, that’s the United States government’s problem.And [more...]

Date: 2009-01-15 00:38:00

Thinking Strategically About a Post-Balanced Budget Future

Paul Krugman has a good column today about how state balanced budget needs lead to perverse outcomes during an economic crisis that demands fiscal ... anything except federal debt, and those states that can borrow at all are being forced to pay [more...]

Date: 2008-12-29 21:15:46

Tight budgets and corrections priorities

Federal budget numbers are always flabbergasting to me and I can only react with awe to the news that the 2009 federal deficit totaled $1.2 TRILLION, with a big, fat, capital "T."Most state budgets including Texas, OTOH, must balance themselves or else request specific debt approval from voters in bond elections, so state budgets [more...]

Date: 2009-01-07 17:34:00

Jeb, popular with 60%, defended in NYT

Jeb Bush's former budget chief, Donna Arduin today responds to Bill Kristol's recent column questioning the government shrinking credentials of her old boss: During his eight years, Governor Bush reduced the number of state employees by 13,726 ... ; carrying out debt affordability measures; and privatizing services that are run more efficiently [more...]

Date: 2008-12-18 18:25:08

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