Popular Tags, Blogs, and Videos about credit card default

How To Stop Bill Collectors From Harrassing You

A reader at Sample Debt Validation Letter asks how to get a collection agent to stop harassing her ... . Who can I report her to? And how do I get her to quit harassing me? The debt is an old credit card ... of all, once you enter the world of defaulted credit card debt - what good is it doing to talk to these people [more...]

Date: 2008-12-02 03:45:37

Blog posts (27) | Videos (28)
 


Capitalism Falls: 1.1

We are pleased to announce a new series on the fall of American looter capitalism ... and the coming wave of retail closures, credit card defaults, commercial property defaults ... informative although largely unheard of radio program Unwelcome Guests (which has a tremendous archive [more...]

Date: 2009-01-03 15:16:00


Additional Thoughts on the Bailout By Paul Craig Roberts

Dandelion Salad By Paul Craig RobertsOctober 16, 2008 “Information Clearinghouse“ “We hang the petty thieves and appoint the great ones to public ... , necessitating the purchase of yet more troubled instruments. If credit card debt has also been securitized and sold as investments, as the economy worsens defaults on credit card debt [more...]

Date: 2008-10-17 22:15:23


Links 12/19/08 (And Happy Birthday to This Blog!)

We are two years old today! Thanks to all you great readers! ... , Insurance Co Claims Smoke Killing 3 In Fire Was "Pollution" Consumerist Credit-Card Users Feel ... Independent Glencore: credit default swaps suggest something amiss Ed Harrison Even Winners May [more...]

Date: 2008-12-19 09:30:24


Advanta Credit Card Scam

by John Monderine I sit at my desk completely frustrated with Advanta. I opened up a business credit card with them 3 years ago and made a purchase of $6500 to help ... sense. They should lower my rate if they think I will default on my credit card. How will an increase [more...]

Date: 2009-01-12 09:01:11


Is Ulrich's Move at Target Good for Bill Ackman? $$

A new CEO always makes some changes. Will Steinhafel look closer at Pershing Square's proposal? Here is the news:The WSJ Reports:Target Corp ... of its shoppers default on credit-card payments. "As we look to the future, we are completely confident ... from Ackman:The plan was endorsed by Lazard.Target (TGT) is facing increasing credit card losses [more...]

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


6 Steps to Doomsday: A Great Depression II Scenario

I have to get this out of my system. BP’s interview with historians Michael Allen and Larry Schweikart helped assuage my fears some ... , out of money, default on their mortgages, car loans, student loans, credit card loans, etc. Bond ... access to credit, you can’t get that loan to start up the new business you’ve been planning [more...]

Date: 2008-10-07 18:00:29


Fear is back on Wall Street

NEW YORK (Fortune) -- Fears about the health of big financial firms and the overall economy have roared back into play, ... by souring mortgages and trading losses - will be eroded by rising defaults on credit cards, auto loans ... billion in federal aid and loan guarantees in recent months. Citi said Tuesday it would spin off 51 [more...]

Date: 2009-01-15 01:40:18


Restrictions on Wage Garnishment for Debt Collection

Many debtors that have defaulted on their credit card debt or other unsecured loans are concerned about their wages being garnished. Often collection agencies will threaten to turn your debt over to their ‘legal department’ ... for you… at no charge. The U.S. Department of Labor has developed The Federal Wage Garnishment Law [more...]

Date: 2008-11-30 16:13:23


Taxpayer Advocate Gripes About IRS

Taxpayer Advocate Gripes About IRS August 25th, 2008 According to the Seattle Post Intelligencer, Nina Olson, ... in place to assist victims of identity theft. • Cancellation of debt income. When an individual ... their homes to foreclosure or who default on car loans or credit card debts. Last year, Congress passed [more...]

Date: 2008-08-25 13:51:49


JPMorgan chief sees bleak year ahead

The US financial and economic crisis will worsen this year as hard-hit consumers default on credit cards and other loans, Jamie Dimon, chief executive of JPMorgan Chase, has predicted. Dimon, whose bank will report Q4 results on Thursday, gave his bleak assessment in an FT interview as bank shares tumbled in key markets on fears [more...]

Date: 2009-01-15 05:31:17


Stocks Recoup Sessions Losses

FINANCIALS EVIDENCE HOPE FOR CONGRESSIONAL BAILOUT U.S ... and has moved narrowly higher in the session’s later trading. Capital One (COF), the consumer-lending giant that reported credit-card defaults continued to widen in December, recouped its early losses to move [more...]

Date: 2009-01-15 19:56:41


Paulson's New Program: Giving People Money They Can't Afford To Spend

The news is as old as the Magna Carta. The consumer is broke. He does not have a dime. He is out of work. He is defaulting on his home equity loan, and the bank has reposed his credit card. It may ... of auto loans, student loans and credit cards." The head of the Treasury is concerned that people [more...]

Date: 2008-11-25 10:50:07


Economic Crises Deepens: JPMorgan Chief Says 2009 Will Be Bleak

Jump to CommentsBy Francesco Guerrera in New YorkThe Financial Times The US financial and economic crisis will worsen this year as hard-hit consumers default on credit cards and other loans, Jamie Dimon, chief executive of JPMorgan Chase ... to deteriorate for most of 2009,” said Mr Dimon. “In terms of our sector, we expect consumer loans [more...]

Date: 2009-01-15 18:20:12


Debt Consolidation - How Obama is Making it Easier to Eliminate Credit Card Debt

Amazon.de Widgets Recent economic conditions and massive government spending have actually made it easier for consumers to eliminate credit card debt. The passage of the financial stimulus bills has given creditors much more flexibility when negotiating debt settlements. Not only do creditors have a lot of stimulus money to hedge their losses on debt settlements but they are also very worried about defaults on delinquent accounts. [more...]

Date: 2009-09-16 08:49:45


IRS Tax levy, Tax Collection, Tax Lien, Foreclosure Debt Foregiveness Rules May Be Amended.

Los Angeles, California - IRS will be improving IRS tax procedures to protect victims of tax-related identity theft and expanding outreach and ... to assist identity theft victims. 3. Cancellation of Debt Income. When an individual or business ... to foreclosure or who default on car loans or credit card debts. Taxpayers may exclude the amount [more...]

Date: 2008-07-22 19:43:56


The Basics of Dealing with a Loan Default

Over the past few weeks, ... ). Eventually, a loan default results in repossession or foreclosure (if your debt has collateral) or having that debt turned over to a collection agency (if your debt doesn’t have collateral). The impact [more...]

Date: 2008-12-09 20:00:29


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


is it true if you use debt consolidation svc, they want your power of attorney to act on your behalf?

I've delayed getting help for credit-card debt because I was told by one company they want my power of attorney which needs to be notarized before I can do business with them. I think that's scary! Yes….this is true. Most want a limited power of attorney… Stay away from any "debt consolidation" company that promises to cut your debt in half through debt settlement….This is a risky tactic of deliberately ceasing all payments to creditors and forcing your accounts into default to attempt settlements. [more...]

Date: 2009-06-18 06:21:17


Vonage Says "If You Hang Up We'll Cancel Your Account" [Vonage]

We don't know what the hell happened with this customer service situation, ... and canceled my account and $92 was debited from my credit card. As I write this letter I am talking ... by default to a service cancellation and $92 cancellation fee. That sounds like the kind of angry-CSR [more...]

Date: 2009-01-10 00:12:39


How trust worthy is American Debt Settlement Group?

I talked to someone from that group with the address 7590 E Gray Road Scottsdale, AZ 85260 I want to know can I trust these people do help settle my credit card debt? How do I know it's not a scam? Stay away from any "debt consolidation" company that promises to cut your debt in half through debt settlement….This is a risky tactic of deliberately ceasing all payments to creditors and forcing your accounts into default to attempt settlements. [more...]

Date: 2009-05-21 23:36:18


Economic Turmoil Causing Credit Card Changes

The economy's roller coaster ride has left most Americans wondering how the recent events will affect their personal financial situation ... , CEO of LowCards.com and author of The CreditCard Guidebook. "Lenders are now focused on limiting ... against cardholders who have taken on too much debt and have increased the risk of defaulting [more...]

Date: 2008-10-02 20:27:18


'¡Carguelo a mi cuenta!' campaign retreats among Mexican banks

Mexico's love affair with high-interest credit cards appears to have been a short-term romance ... one. As the country deals with its own economic slowdown, Mexican banks are seeing higher rates of credit card default ... , it shouldn't be a big surprise that credit card defaults are on the rise in Mexico. Considering that many [more...]

Date: 2009-01-09 13:34:02


Not good

Credit card defaults are on the rise.  From Reuters:  Capital One Financial Corp (COF.N), one of the largest issuers of MasterCard and Visa credit cards, said on Thursday that credit defaults rose in December as a deepening recession led unemployment to its highest level in almost 16 [more...]

Date: 2009-01-15 14:09:06


Credit Card Issuers See the Writing on the Wall: Forgiveness of Debt — they also got paid in full through securitization, so there is no obligation owed to them

Credit Card Companies Willing to Deal Over DebtBank of America says it eased off on more than 700,000 credit card holders in 2008, ... to foster the explosive growth of consumer debt in recent years, credit card companies are realizing ... and card companies are bracing for a wave of defaults on credit card debt in early 2009 [more...]

Date: 2009-01-05 00:34:25


Credit Card Day of Reckoning This Thursday?

Most of us are painfully familiar of the tendency for credit card issuers to try and screw us in any and every way possible, ... card (like, say, your interest rate…) if you default on another, completely non credit card related ... all are expected to act on Thursday. Consumer groups say practices of credit card companies blindside [more...]

Date: 2008-12-15 03:05:04


81,312 Foreclosures in September. More Than Just a Number.

Well the September foreclosure figures are out from RealtyTrac ... to Read If You Live In The Real America, Be Patriotic. Go Shopping And Run Up Credit Card Debt ... foreclosures. Delinquent mortgages, like credit card defaults, do not have to turn into a financial train [more...]

Date: 2008-10-23 18:12:09



27 Results
 

More Tags

business / debt / charge / rate / payment / on credit card loan / unsecured / what happens if i default on my / [more...]