In major settlement, St. Louis Park company agrees to stop handling consumer arbitration disputes
Less than a week after being sued by the Minnesota attorney general’s office, the nation’s largest arbitrator of credit card and consumer collections has agreed to stop performing such work, state Attorney General Lori Swanson announced today. The National Arbitration Forum, based in St. Louis Park, allegedly deceived consumers into thinking it was a neutral arbitrator in debt collection, the lawsuit said. [more...]
Date: 2009-07-19 21:01:22
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Why Debt Consolidation Is Doomed To Fail
http://www.TheCreditCardSolution.com and view FREE videos by Bob Lindsey on a remarkable plan that has helped thousands of debtors eliminate their ... credit card debt without bankruptcy debt arbitration debt settlement attorney lawyer debt erase ... credit card debt. Debt consolidation agencies are not the answer. This approach is 100% legal [more...]
Date: 2008-12-01 16:41:48
Can Collection Agencies Sue Me For Outstanding Debt?
Amazon.de Widgets The question that many people are asking is ‘can collection agency sue for a debt?’ With the amount of people suffering financial hardship due to the current economic crisis the number of people facing difficulties paying their bills is increasing rapidly and for the time being, at least, this trend shows no sign of reversing.Previously, lenders who had borrowers that had fallen into arrears would normally, only go as far as to post negative credit information upon the debtors [more...]
Date: 2009-09-29 11:34:48
How to Research Debt Collectors & Understand the Law
This is the first guest post in a special How to Fight Debt Collectors series on Bargaineering.com. So you’ve received a debt collection call or letter… In this day and age where you have rampant foreclosures, layoffs and job losses, it is simply inevitable that an individual may come across a debt collector, and frankly even without these external factors, it may just happen by a chance wrong number or even being related to someone going through a hard time financially. [more...]
Date: 2009-09-28 11:02:18
Good news for credit card users
Finally, some happy news for credit card holders. Late last week, Bank of America announced it will no longer require customers who sign up for their credit cards, bank accounts and certain loans to give away their right to sue in a dispute. Bank of America’s decision is the biggest yet in a growing movement away from mandatory arbitration clauses, which force consumers who have a problem with a service provider into private arbitration forums to settle disputes. [more...]
Date: 2009-08-17 20:47:35
Are your APR’s increasing and you have no clue what is happeneing
Credit card issuers have large amounts of power over us, and it seriously is ludicrous. They have the right to significantly jack up our interest rates, lower our credit limits, and even share personal information on us. Credit card sign up applications are extremely one-sided and only benefit one party, the credit card organization. Most consumers are under the misconception that these are legal documents they are putting their name on, but that isn’t the situation whatsoever. [more...]
Date: 2009-09-06 13:11:38
Major Trend Continues: Credit Card Debt Decreasing
This is a guest post by Bill Hardekopf, CEO of LowCards.com . A significant trend has developed since the economy weakened during the fourth quarter of 2008: consumers continue to decrease their credit card balances. According to the Federal Reserve’s G.19 monthly report released last week, the amount of revolving credit has decreased for the third consecutive quarter. In addition, the revolving credit figure has declined on an annualized basis for a record nine straight months. [more...]
Date: 2009-08-12 12:00:34
The American Arbitration Association Gives Up Consumer Debt Collection Disputes as Well
See the Wall Street Journal article Credit Card Disputes Tossed into Disarray on NAF's settlement with the State of Minnesota and the AAA's decision to "stop participating in consumer-debt-collection disputes until new guidelines are established." Here's the entire text of the triple A's announcement (h/t to Disputing here ) The American Arbitration Association® Calls For Reform of Debt Collection Arbitration Largest Arbitration Services Provider Will Decline to Administer [more...]
Date: 2009-07-22 04:32:24
Wall Street Breakfast: Must-Know News
Skype to get new owner. eBay ( EBAY ) is expected to announce this morning that it has reached a deal to sell its Skype unit to a group of private investors. The investment group likely includes new venture capital firm Andreessen Horowitz, as well as early Skype investor Index Ventures and private-equity firm Silver Lake Partners. The price of the deal is still unknown, but eBay has said previously that it wants around $2B for Skype. Shares +2% premarket (7:00 ET). [more...]
Date: 2009-09-01 11:18:59
Debt Arbitration A Good Debt Solutions Then Bankruptcy
Thing To Know About Credit Card Debt Settlement / Arbitration After careful research and analysis, you have final decided to get rid of your mountain of Credit Card Debt through the route of debt settlement . Long consideration has made you realize that it is better to settle credit card debt rather than file for bankruptcy. So how do you go about choosing the credit card Debt Arbitration Company that will offer you the best deal? Asking the right questions will take you in the right direction. [more...]
Date: 2009-07-22 12:58:26
Credit Card Fraud–How to Protect Yourself
This is a guest post by Bill Hardekopf, CEO of LowCards.com . This week, Albert Gonzalez was charged with involvement in the biggest case of credit/debit card data theft in United States history. Federal prosecutors allege that he was part of a group of hackers that seized access to 130 million credit and debit accounts. This is a startling number and a good reminder of the importance of protecting account information. [more...]
Date: 2009-08-20 18:57:27
The Crash - What Went Wrong
When the housing market began to tank in 2005, Wall Street ran through the yellow light of caution and created even riskier investments -- and ... that no government regulator scrutinized.With these deals, known as collateralized debt obligations ... during the past seven years, earning him status as an early prophet of the credit crisis.So many [more...]
Date: 2008-12-16 16:02:00
Credit Card Arbitration Clause Latest Challenge for Issuers
This is a guest post by Bill Hardekopf, CEO of LowCards.com . The arbitration clause, an important but often overlooked provision in credit card agreements, is now being legally challenged and could be banned by the proposed Consumer Protection Agency. How this is resolved could result in higher legal costs for credit card issuers and, likely, higher rates and fees for cardholders. Credit card issuers use arbitration as a way to collect disputed debt from cardholders. [more...]
Date: 2009-07-24 12:00:01
Know About Credit Card Debt Settlement
Debt Settlement / Arbitration After careful research and analysis, you have final decided to get rid of your mountain of Credit Card Debt through the route of debt settlement . Long consideration has made you realize that it is better to settle credit card debt rather than file for bankruptcy. So how do you go about choosing the credit card Debt Arbitration Company that will offer you the best deal? Asking the right questions will take you in the right direction. [more...]
Date: 2009-07-30 05:45:42
The end is near for mandatory binding arbitration.
The end is near. The abuse of arbitration is going to stop in the near future. Here is one major step towards that. From Business Week : After coming under increasing fire for bias towards major credit-card companies, the nation’s largest arbitration firm involved in adjudicating delinquent credit-card debt has agreed to pull out of the business, Minnesota Attorney General Lori Swanson disclosed on Sunday, July 19. [more...]
Date: 2009-07-19 20:49:00
Minn.-based firm barred from credit card, other debt arbitration nationwide in legal agreement
MINNEAPOLIS (AP) - Attorney General Lori Swanson said Sunday that her office reached a sweeping legal settlement that requires a Minnesota company to get out of the business of arbitrating credit card debts and other consumer collection disputes nationwide . The agreement comes less than a week after Swanson sued the National Arbitration Forum over its handling of debt disputes between consumers and credit card companies . [more...]
Date: 2009-07-19 20:53:00
Bogus and Scam Credit Counseling Groups Become Target Of Florida Legal System
TALLAHASSEE, FL - Attorney General Bill McCollum today unveiled his office’s latest consumer protection initiative in the form of a coordinated ... , all of which were purportedly offering debt relief services including credit counseling, credit repair, debt management, and credit card rate reduction services. “As more Floridians facing financial [more...]
Date: 2008-10-21 05:39:01
Minn.-based firm barred from credit card, other debt arbitration nationwide in legal agreement
MINNEAPOLIS (AP) - Attorney General Lori Swanson said Sunday that her office reached a sweeping legal settlement that requires a Minnesota company to get out of the business of arbitrating credit card debts and other consumer collection disputes nationwide . The agreement comes less than a week after Swanson sued the National Arbitration Forum over its handling of debt disputes between consumers and credit card companies . [more...]
Date: 2009-07-19 20:53:00
Minn. AG Sues Credit Card Arbitration Company, Claims Hidden Industry Ties
The Minnesota attorney general is claiming in a lawsuit that an arbitration firm widely used in consumer credit disputes has hidden its “extensive ties” to the debt collection industry. The suit by Minnesota Attorney General Lori Swanson says the National Arbitration Forum “actively encouraged” credit card issuers to place mandatory arbitration clauses in their contracts naming the forum as the arbitrator, USA Today reports. [more...]
Date: 2009-07-15 12:42:54
What It Feels Like to Be In Debt
Creative Commons License photo credit: youreyes A dark feeling rises from the pit of your stomach and a wave of heat courses over your face ... you ask yourself. It all started innocently enough, a card here, a deserved vacation there and when cash got a little tight, you used the credit cards for necessities to make the short month stretch [more...]
Date: 2008-07-18 14:47:50
Debt Settlement and Debt Consolidation
If you are in debt, and wish to avail a solution to redeem, debt settlement and debt consolidation loans are two effective ways to remove your debt. It’s very much possible to avail lower rate of interests, and benefit in the long run by paying a slightly less interest amount. Reduce Your Debt : The two main objectives of availing credit card debt consolidation is to reduce your total outstanding debt. [more...]
Date: 2009-08-11 16:08:17
Superior Debt Relief
Superior Debt Relief Posted on July 21, 2008 Filed Under Debt Consolidation | Leave a Comment Typically people in need of debt settlement are ... is a good first step. Please note that the term debt negotiation is also known as debt arbitration or debt ... can easily turn things around. But if you find yourself overwhelmed with your current debt load, [more...]
Date: 2008-07-21 04:26:14
CLC Response - The FULL Version!
Here’s the full version of the summary posted earlier - a much longer analytical section, and more detail on our suggested policy response ... while the wages and the incomes of working families have stagnated; rising household debt instead ... , are unable to access credit on reasonable terms. Production is now rapidly slowing in Canada and around [more...]
Date: 2008-10-27 18:00:16
US NEWS: Looking For the Debt Settlement- Debt Consolidation Program That’s Right For You?
Amazon.de Widgets Debt Settlement And Debt ConsolidationIf you are in debt, and wish to avail a solution to redeem, debt settlement and free debt consolidation are two effective ways to remove your debt. It’s very much possible to avail lower rate of interests, and benefit in the long run by paying a slightly less interest amount.Reduce your debtThe two main objectives of availing credit card debt consolidation is to reduce your total outstanding debt. [more...]
Date: 2009-08-24 12:22:09
Arbitration - Protect Yourself
Forced Arbitration The Federal Arbitration Act, enacted in 1925 was originally designed to help resolve commercial disputes between businesses ... card applications. WHAT IS MANDATORY BINDING ARBITRATION? Arbitration is a process that seeks ... . It is providing the legal basis for the broad use of arbitration clauses in consumer contracts [more...]
Date: 2008-11-22 05:21:35
Arbitration: the unfair game
BusinessWeek has a good article by Robert Berner and Brian Grow on compulsory arbitration, a big business these days ( ... dominates credit-card arbitration, operates a system in which it is exceedingly difficult for individuals ... (NAF), a for-profit company based in Minneapolis, specializes in resolving claims by banks, credit-card [more...]
Date: 2008-06-07 21:16:53
Mandatory Arbitration May Be Going Away
You may be unaware of it but, whenever you signed up for a credit card, you also signed an agreement between you and your credit company giving them immunity from any lawsuit coming from you. The only way you could get any disagreements between you and your credit company to be settled would have been through an arbitration company.Fortunately, it seems that arbitration as a settlement option is on the way out. [more...]
Date: 2009-08-20 03:16:37
Fiat Credit is NOT a Loan
A loan necessarily implies the temporary, conditional surrender of an asset (generally accumulated savings) to another person ... , the lender loses out on whatever he lent you. The equations balance. However, a credit card ... the issue of new debt which must eventually be repaid. Credit of this nature (not to be confused [more...]
Date: 2008-07-24 13:32:21
The Absurdity of Creditor Arbitration
I just read a great article in BusinessWeek titled “Creditors Screw Consumers Again”, actually it was Banks vs. Consumers (Guess Who Wins) ... arbitration clauses in credit card agreements. Ever since credit card arbitration became popular ... who was in arbitration with MBNA and I wanted to drop off supporting documents for the clients side [more...]
Date: 2008-06-06 20:53:35
Debt Management: Types of Debt Management Programs
Amazon.de Widgets Credit card debt management is a distinctive program that enables borrowers to manage their credit card debts in a smart way. In arrange to cut off the redundant debt burden and settle away from all sorts of debt troubles, credit card debt management program is the decisive solution that one can opt for. Debt management programs play significant role in both an active and recommended in United States. [more...]
Date: 2009-07-29 15:41:48
US NEWS: Looking For the Debt Settlement- Debt Consolidation Program That’s Right For You?
Debt Settlement And Debt Consolidation If you are in debt, and wish to avail a solution to redeem, debt settlement and free debt consolidation are two effective ways to remove your debt. It’s very much possible to avail lower rate of interests, and benefit in the long run by paying a slightly less interest amount. Reduce your debt The two main objectives of availing credit card debt consolidation is to reduce your total outstanding debt. [more...]
Date: 2009-08-24 12:55:22
Franken on Looming Credit Crisis
Al Franken’s been holding press conferences, roundtables and events around the state about where he stands on tons of issues ... in consumer debt, the average household’s credit card debt is over $8,500. I’m not sure why this isn’ ... said he would back a “credit card bill of rights,” crack down on predatory lenders and repeal [more...]
Date: 2008-08-14 09:21:12
Key Bank's "One-Two Punch"
Last week, we described how Key Bank has partnered with dozens of unlicensed and unaccredited trade schools to help thousands of students take on ... . Key Bank has apparently been able to avoid forgiving borrower debt at these defunct schools ... discharging borrowers' debt has been to intentionally disregard the U.S. Federal Trade Commission's [more...]
Date: 2008-12-17 20:20:04
Would You Like More Credit Card Rights If It Means Credit Cards Are More Expensive?
This week I asked the Personal Finance Bloggers Brain Trust the following question and as always, the answers are thoughtful and insightful ... writes two excellent blogs, Cash Money Life and the Military Finance Network. Current credit card ... for a financial bailout they are condemning the ‘Credit Cardholders’ Bill of Rights. The American Bankers [more...]
Date: 2008-10-07 19:53:37
Complaints About Bill Collectors Rocket as Debt Collectors Get Tough
A story by CNN today makes my article on How to Hide From Debt Collection, the Debt Collector and Creditors even more timely ... number of Americans who took on more debt than they could handle during the free-spending, easy-credit ... . After several years in which Americans were buying stuff on credit they couldn’t afford [more...]
Date: 2008-10-30 22:40:33
The Irony of Bankruptcy. The More You Have The Better It Is.
I came across an article by Ann Woolner, “Buy a Beach House for Shelter When Going Bankrupt” that was absolutely spot on ... credit-card debt. You can modify student loans. You can modify debt on a yacht,” points out Levitin ... . “Current law permits modification of any type of debt in bankruptcy except for a single-family [more...]
Date: 2008-10-17 14:54:46
NCO settles with Texas: failure to validate, ignoring cease & desist, profanity, extortion …
Permalink Page 1 of 445 pages 1 2 3 > Last » Search CreditSuit ... How to save $40 on home owners insurance + free credit monitoring Need website to post information ... lawsuit threats Debt Crisis Solutions SCAM—should the profiteers or the hungry thieves be murdered [more...]
Date: 2008-12-08 21:35:00
Minn.-based firm barred from credit card, other debt arbitration nationwide in legal agreement
Minn. firm can’t arbitrate credit card, other debt MINNEAPOLIS — Attorney General Lori Swanson said Sunday that her office reached a sweeping legal settlement that requires a Minnesota company to get out of the business of arbitrating credit card debts and other consumer collection disputes nationwide. The agreement comes less than a week after Swanson sued the [more...]
Date: 2009-07-19 20:49:58
A Wall Street Bailout Might Be Necessary But It Makes Me Mad As Hell
I was sitting here this morning and it occurred to me how utterly ridiculous the Wall Street bailout is. Let’s look at a quick timeline ... Sues Credit Card Service, Alleging Bias. The article ... rewarded for limiting access to debt solutions like bankruptcy and then making billions of dollars [more...]
Date: 2008-09-23 17:39:27
Trado opportunities for mortgage brokers and Alex Jones fans
Permalink Page 1 of 444 pages 1 2 3 > Last » Search CreditSuit ... + free credit monitoring Need website to post information where it can NEVER be deleted Video ... My new blog at Trado—Phillips & Cohen collection lawsuit threats Debt Crisis Solutions SCAM— [more...]
Date: 2008-12-06 06:23:00
The Reverse Payment Prioritization Scam The Balance Transfer Scam Exploiting Ignorance: Money for Nothing Last time, ... is that debtors generally are in debt for longer periods of time and pay far more in interest payments ... any number of incentives, including the option to transfer a balance from another card [more...]
Date: 2008-06-17 03:56:11
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
Watch Out for Hidden Dangers in Your Credit Card
Credit cards are a valuable tool in today’s society, and have many benefits including improved cash flow and buyer security ... if your payment history is perfect on your credit card, late payments on other forms of credit or bills can give the credit card company an excuse to charge higher rates. To avoid this, make sure [more...]
Date: 2008-12-18 22:55:00
Det Rattle, June 10 2008: Credit tightening across the board
Stoneleigh: Sorry the Debt Rattle is very late today. I have had very limited internet access this morning due to technical problems. I will be adding material through the day. Credit crisis expands, hitting all kinds of consumer loans The credit crisis triggered by bad home loans is spreading to other areas, forcing banks [more...]
Date: 2008-06-10 18:20:24
Watch Out For Hidden Dangers For Your Credit Card
Credit cards are a valuable tool in today’s society, and have many benefits including improved cash flow and buyer security ... if your payment history is perfect on your credit card, late payments on other forms of credit or bills can give the credit card company an excuse to charge higher rates. To avoid this, make sure [more...]
Date: 2008-12-10 07:31:15
watch out for hidden dangers in your credit card
Credit cards are a valuable tool in todays society, and have many benefits including improved cash flow and buyer security ... . Even if your payment history is perfect on your credit card, late payments on other forms of credit or bills can give the credit card company an excemploy to charge higher rates. To avoid this, make [more...]
Date: 2008-07-08 12:16:16
Reader Mail #57
I saw this article on the startup Viaweb. It had a huge error. At the end, it says "startups with a group of hackers shouldn't fear large corporations; large corporations should fear groups of hackers". WRONG! This is How the State Destroys Small Businesses. The large corporation can: Raise money via borrowing at a negative real interest rate [more...]
Date: 2008-06-25 16:00:02
CLC Response to the Economic Crisis
http://canadianlabour.ca/en/clc-response-economic-crisis-summary This call for government action was the result of deliberations at yesterday’s ... have stagnated; rising household debt instead of a fair sharing of productivity gains with workers; over ... must be rejected. There must be regulation of credit [more...]
Date: 2008-10-22 13:29:25
The Ins and Outs of Credit Card Debt Settlement
The Ins and Outs of Credit Card Debt Settlement by: Kevin Erickson Are you a self-confessed shopaholic who buys anything and everything that you get ... that they really can't afford and before they realize it they become saddled with debt. If you fall into this category, you'll soon need to learn a thing or two about debt settlement which can assist [more...]
Date: 2008-09-05 18:48:00
Chapter terms, etc, 2nd semester
SEMESTER TWO TERMS AND QUESTIONSHere’s the whole thing. CHAPTER 24 is DUE on the first day back from break!!Chapter 24, Industry Comes of Age, 1865-1900 Identify the historical significance of the following: Union Pacific Railroad___Central Pacific Railroad ____Big Four Collis Huntington______Thomas Edison________John P. Morgan Terence V [more...]
Date: 2008-12-19 20:42:34
