Fair Debt Collection - Know Your Rights!

  FAIR DEBT COLLECTION If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a “debtor ... Collection Practices Act requires that debt collectors treat you fairly by prohibiting certain methods of debt collection. Of course, the law does not forgive any legitimate debt you owe.   This brochure [more...]

Date: 2008-12-27 18:39:33

Blog posts (140) | Videos (105)
 

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

Credit Card law questionable

There’s no shortage of blame for the mortgage crisis that drove the economy into the ditch ... Act of 2005, households could erase their unsecured debts by filing for Chapter 7 liquidation ... the reform, overindebted households might file bankruptcy and get rid of their credit card debt [more...]

Date: 2009-01-13 10:09:00

Obama Would Like All People Out of Credit-Card Debt – Legally Erase 50-60% of Your Past Due Debts

Are you plagued by your financial troubles? If so, how would you like to have your debt legally erased? You can! Little-known tactics along with consumer protection laws have enabled many Americans, just like you, to erase past due balances. The end result is a decrease in stress and an elimination of those past due balance letters from creditors.Last 5 posts by In the News - Sears Remodels US Army Veteran's Home - September 24th, 2009Don't Miss This Great VA Loan Benefit - No Penalty For Prepayment [more...]

Date: 2009-09-25 06:01:12

Going Down the Path of Consumer Debt - Again

At creditslips.org, Bob Lawless raises the most reasonable question I’ve seen so far about Treasury Secretary Henry Paulson’s decision to shift the ... s the question from Lawless, an expert on credit and bankruptcy at the University of Illinois College of Law school: Why? After two decades in which consumers piled debt on their credit cards without [more...]

Date: 2008-11-14 13:52:32

Collector Threatens Jailtime Over Dead Debt [Debt Collectors]

Reader R. kinda messed up his credit years ago. He's a good boy now and his credit score is 700+, ... of limitations on the debt has well passed and threatening to send a debtor to jail is a violation of Federal law ... but now RSI Claims Process Services is hassling him about a 12-year-old credit card debt [more...]

Date: 2008-10-24 21:04:06

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

2005 Bankruptcy Law Finance Industry Sought has Strangled Economy

Was the banking industry screwed over by its own bankruptcy law? It sure appears to have hurt the economy.. ... that escape route and forces better-off households to continue paying credit card debt, which makes ... .“Before the reform, overindebted households might file bankruptcy and get rid of their credit card [more...]

Date: 2009-01-14 04:35:33

Best Web Sites to Learn About Consumer Law Issues -- Our Chicago Consumer Attorneys Can Assist You in Your Lemon Law, Predatory Lending, Auto and RV Fraud, Unfair Debt Collection, Unfair Wage Practices Claims and Other Consumer Rights Lawsuits

[ consumer%20protection%20m-Chicago%20Consumer%20Protection%20Attorneys%20--%20Chicago%20Consumer%20Protection%20Lawyers%20--%20Chicago%20Class%20Act ... more trouble Managing credit card debt Stopping eviction, lockouts and utility shut-offs ... consolidation options How to find effective credit counseling agencies Alternatives to filing bankrupt [more...]

Date: 2009-01-04 18:28:31

Stocking Stuffer

Not a creature was stirring, not even a mouse… With the Federal Reserve cutting bank lending rates to near zero, ... and credit card debt are at anywhere from six to 20 ... tree?” My white in-laws are taller than our tree. If you’ve been capitalistic, materialistic, perhaps [more...]

Date: 2008-12-18 18:47:31

Bankruptcy - Is It the Answer?

Bankruptcy - Is It the Answer? October 11th, 2008 Subscribe To Our Feed If your finances are in a mess, you may have considered bankruptcy ... to pay back a portion of the debt that is owed to creditors. Your credit will be damaged ... laws. They were allowed to file more than once for Chapter 7 so many used it to beat credit card [more...]

Date: 2008-10-11 21:47:58

Blackwater CEO Lights Pants on Fire in WSJ Op-Ed

Blackwater CEO Erik Prince's op-ed in the Wall Street Journal is so full of spin, sugar-coating, and quarter-truths, ... writes in Licensed to Kill: Hired Guns in the War on Terror. "He ran up credit card debt and worked day ... into the security industry after having careers in the military of law enforcement, Shannon just read [more...]

Date: 2008-12-17 19:14:15

Best Web Sites to Learn About Consumer Law Issues -- Our Chicago Consumer Attorneys Can Assist You in Your Lemon Law, Predatory Lending, Auto and RV Fraud, Unfair Debt Collection, Unfair Wage Practices Claims and Other Consumer Rights Lawsuits

[ consumer%20protection%20m-Chicago%20Consumer%20Protection%20Attorneys%20--%20Chicago%20Consumer%20Protection%20Lawyers%20--%20Chicago%20Class%20Act ... get them into even more trouble Managing credit card debt Stopping eviction, lockouts and utility ... while you get back on your feet. When you cannot ignore a particular debt without serious [more...]

Date: 2009-01-04 22:18:05

A Loophole for Medical Bankruptcy

In 2005, special interest groups pushed for, and obtained, ... for. But if you buy too much crap with your credit card, you’re on the hook, pal.What will happen bankruptcy laws ... and high debt loads? You connect the dots. I’m beginning to see where this whole “medical credit [more...]

Date: 2009-01-08 14:19:51

"A Creation Myth For The 21st Century"

Did anyone ever ask IVF children whether they wanted to go through life as genetic orphans? ... have been willing to pay for IVF, even if it means remortgaging the house or racking up credit card debt. And IVF ... . But Olivia compares herself to adopted children, and like them, she wants the law to recognize her right [more...]

Date: 2009-01-12 02:50:00

Obama Want You Out of Credit Card Debt – Legally Erase 50-66% of Your Debts Now!

How would it feel to have your debt legally erased? There are little-known tactics and consumer protection laws that have enabled many Americans to erase their past due balances without having to worry about another demand letter from their creditors. [more...]

Date: 2009-09-20 06:02:31

Roni Deutch Tax Center on Entrepreneur.com

Elizabeth Wilson of Entrepreneur.com recently interviewed me, and I was ecstatic to see how well the resulting article turned out ... school. In 1991 at the age of 26, with $120,000 in law school debt, Deutch rented a two-bedroom ... business services: credit card restoration, bookkeeping [more...]

Date: 2009-01-07 19:58:00

Mortgage Rights and Wrongs

Congress has said that they want judges to adjust mortgage debt. On the face of it, this makes sense. After all, when people declare bankruptcy they get their credit card, auto loan, and personal debts adjusted. What makes a mortgage any different? Well, one difference is the law. By law [more...]

Date: 2009-01-14 05:01:08

The first law that should be repealed in the United States is the 2005 Bankruptcy Bill: Will Obama eliminate debt slavery?

Our centralized government representatives would like us to believe that the subprime mortgage crisis was not expected, however, ... American citizen from this scam? In 2005, they created Debt Slavery by passing The Bankruptcy Bill. After years of lobbying, the “dream bill for credit card and financial service companies” finally came [more...]

Date: 2008-11-17 18:10:02

ScamBuster 284

Hello friend, My name is Scott Whittington, I am an American soldier, I am serving in the military with the 1st Armored Division in Iraq , as you know we are being attacked by insurgents everyday and car bombs.We managed to move part of funds belonging to Saddam Hussein’s family in 2003. The total amount is US$12 Million dollars in cash, mostly 100 dollar bills,this money has been kept somewhere outside Baghdad for some time but with the proposed troop in increase by president Barrack Obama, [more...]

Date: 2009-09-27 07:53:34

50%+ rally in the stock market but situation is getting much worse

We have enjoyed a +50 percent rally in the stock market yet this rally has been unable to create private sector jobs or stem the economic pain for most. Millions have seen their bills skyrocket, credit card interest rates hiked, hour’s cut, wages slashed, and are dealing with an accelerating decline in home prices (FL) and pitiful stock portfolios. In order to get a sustained recovery, consumer spending (70% GDP) will have to rebound sharply, which is not going to happen anytime soon. [more...]

Date: 2009-09-29 12:17:40

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

Forgiven Debt Isn't Really Forgiven At All

By Kate Luther If you've been struggling with the rest of the economy, chances are you've been forced to rethink your financial priorities. And as a result, credit cards are often the first thing to go. The good news is that once you get behind, many credit card companies will offer to "settle" your account, some for as much as just 40% of your original balance. And if you're looking at a large chunk of credit card debt, making it go away for 40% of its value sounds like a pretty good deal. [more...]

Date: 2009-09-22 13:00:09

The Rest of The (Belated) Week In Review

Didn't get to this yesterday, as I basically played hooky from blog. So I'm cleaning out the closet: • The House voted to strip all federal funding from ACORN in the student loan bill, and there are more such funding strip amendments in the health care markup in the Senate Finance Committee. The "let's strip ACORN funding" amendment will soon become a staple of GOP politics. Only problem is an unconstitutional bill of attainder , but when have laws gotten in a way of a good story. [more...]

Date: 2009-09-22 05:17:00

The True Evil Doers

[In order for an American resistance movement, or any resistance, to actually challenge the "True Evil Doers," connected with Rockefeller and Rothschild, they must first overcome the political divisions which have been created, that is the hallmark of The Beast network.  Republicans and Democrats, capitalists and communists, right and left, Heritage Foundation and MoveOn...these are not natural divisions, they are bi-products of manipulation, created to keep us from uniting against them. [more...]

Date: 2009-09-25 13:29:52

"Time Is The Enemy Of Reform"

Treasury Secretary Timothy F. Geithner Written Testimony House Financial Services Committee Financial Regulatory Reform Chairman Frank, Ranking Member Bachus, members of the House Financial Services Committee, I am pleased to be back before you today as our Administration and this Congress work toward comprehensive reform of our financial regulatory system. The Chairman has set an ambitious schedule of hearings that will lead to your markup of legislation and facilitate enactment this year. [more...]

Date: 2009-09-23 14:57:29

Debt Settlement

These are difficult times and it is absolutely common to also find to much people loaded with enough of debt without guarantee and of debts of the credit card. You must know that these debts attract very heavy types of interest and the stiff fines are imposed before delayed payments. It is obvious that one cannot go ignition to pay these debts especially when there are losses of work and many do not have a regular monthly rent. [more...]

Date: 2009-09-22 17:14:17

Divinity, Love & Living!

Last week I announced that we were going to be embarking on a fabulous new adventure — & here we are! My amazing friend & psychic advisor Joycelle will be doing weekly readings right here! Am I on the right path & is this a viable career choice? I’m feeling as if the relationship I am in is falling apart, just wondering what to do & if the right person is ever going to come along. [more...]

Date: 2009-09-29 01:04:07

Don’t Use Free Credit Report Services - Get Free Credit Reports Direct from Credit Bureaus

Amazon.de Widgets A Free credit report is the entitlement of every US citizen, and with many more people suffering with debt problems nowadays the first question asked by them is ‘where can i get my free credit report?’Free credit reports are in high demand, this is because the state of the global economy, as i am sure you are all aware, is bad, very bad and has been for some time now and the ramifications of this are that a lot of people who previously had good credit reports have been missing [more...]

Date: 2009-09-25 14:55:10

Bankruptcy Filings Approach 2005 Highs

Shortly after the passage of the Debt Slave Act of 2005 (more widely known as the Bankruptcy Reform Act of 2005) the number of bankruptcies collapsed. Now, in conjunction with soaring unemployment, Bankruptcy filings return to pre-reform-law pace . Pummeled by unemployment, foreclosures, the credit crunch and other manifestations of the worst recession in memory, Americans are filing bankruptcy petitions at rates approaching those that mounted before the new bankruptcy law took effect in October 2005. [more...]

Date: 2009-09-22 04:45:00

Words from the (investment) wise 9.27.09

Words from the (investment) wise for the week that was (September 21 – 27, 2009) After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 12:05:27

Focus on Priorities

Focus on Priorities   We all know that in order to be successful, we need to focus on priorities. But how many of us do consistently and regularly? For focusing on priorities, you need to make a deliberate attempt on a day to day basis until that habit gets ingrained in you permanently and it becomes a second nature. Focusing on priorities make people think and successful people think productively, concretely, constructively, creatively, deliberately, purposefully and above clearly. [more...]

Date: 2009-09-26 20:52:37

How Many Available Options for Repaying Tax Debt Do You Really Know

While it may take the IRS some time to track down someone that owes back taxes, once they do it’s nearly impossible to get away from them. Instead of thinking that you can simply ignore them or sweep the situation under the rug, you need to take the appropriate actions to make sure the debt is paid off as it’s the only way to get the IRS to go away. Chances are if you talk to the IRS, you’ll be able to work out some sort of repayment plan. [more...]

Date: 2009-09-25 14:36:33

Top Bankruptcy Alternatives You Can Choose

If you are considering filing bankruptcy, you know that it feels like the hardest decision you’ve probably ever made. There are many questions - whether it will really help you get a fresh financial start, what the credit results are after bankruptcy, how bad it will be for your financial future, whether it’s really the right thing to do now. Finding out more about bankruptcy is the only way to determine for yourself whether it’s right for you. [more...]

Date: 2009-09-27 08:14:19

Words from the (Investment) Wise (Sept. 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 14:33:29

Self Repayment Plan: Steps To Pay Your Debts

Debts can be a huge source of frustration if not handled well. Most people resort to taking professional help, whereas most end up trying to sort out ways to pay back. Well, doing it yourself is not easy, if you do not have the determination required. Below are a few steps given that could help you get over with your debt burdens all by yourself without requiring professional help. 6 Steps in Self Repayment Plans 1). [more...]

Date: 2009-09-20 17:00:00

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

What Needs To Be Done By Every One Knowledge Is Power

Let me start By saying every Judge and Lawyer  (Paid Lairs as I call them) needs to be run out of America! When you are arrested they tell you that you have a right to a counsel. What is a counsel ?  Is This a lawyer? No it is not a Lawyer. It can be anyone that has the knowledge to help you. ( counsel –Advice or guidance, especially as solicited from a knowledgeable person. [more...]

Date: 2009-09-21 16:46:15

What Your Credit Card Says about Your Personality Type

This is a guest post from Jack B . Jack is a personal finance blogger at MasterYourCard and DebtLoans.com.au where he writes about credit cards and debt consolidation. You may think that your vanity credit card with pictures of puppies or your alma mater’s mascot is what helps the cashier at the grocery store peg your personality, but in reality, the features and terms of your credit card are far more telling. [more...]

Date: 2009-09-28 10:30:48

Credit Cards Dealing With Bankruptcy

by John Steed When a person or organization or institution files for bankruptcy, it is not always because they are unable to pay their creditors ... . The commonest of these are the institutions that offer credit card facilities. The advantage of going ... from giving credit. Most of them may have experts who can assess the ability of any debtor to pay [more...]

Date: 2009-01-14 20:27:17

Re: Edwards to speak publicly again

Senator John has been a modern day Paul Revere. I remember his July 2007 Coopers Union speech where he tried, oh so gently, ... national laws protecting us against the worst abuses in credit markets predatory mortgages,abusive credit card terms, and payday loans with interest rates of 300 percent or higher. Finally [more...]

Date: 2008-11-11 06:22:53

Roth IRA FAQ, Income Streams and Financial Q & A @ The Carnivals

new logo design is now over. As for which logo won? It was a tight vote between 2 logos. Now how about I surprise you all with it when I put it up? ... In Washington All Financial Matters: Oil Just Keeps Dropping! Rich Credit Debt Loan: How To Stop ... Decision Crackerjack Greenback: Personal Finance in the Bible: Proverbs 13:7 Ask Mr. Credit Card [more...]

Date: 2008-12-03 22:11:44

Chapter 7 Bankruptcy Information – Bankruptcy Chapter 7 Often Open Doors To More Debt

You should check out the chapter 7 bankruptcy information as bankruptcy chapter 7 often open doors to more debt. For individuals with a ton of unsecured debt and very few assets left, it is usually strongly advised they seek financial relief under bankruptcy Chapter 7. Chapter 7 bankruptcy information dictates that this proceeding all debts are eliminated at the time of discharge and the person begins over with a clear financial record. [more...]

Date: 2009-09-26 04:23:45

300 Trust Quotes

In this world, who or what can you trust? One big red flag for me is the delivery of any critical information that begins with the naked assurance “trust me” or ends with “I know what I’m talking about.” Accepting empty declarations of credibility, without more, is like playing Russian roulette with your understanding of the world [more...]

Date: 2009-01-08 01:35:15

Look Out for the Debt Settlement Tax – What to Do About It

by Sean Payne If you’re currently in debt and you may be thinking about negotiating with your creditors to settle your debts for less than you owe. What you may not know about debt settlement, though, is that it can have a significant impact on your taxes. When you pay off the debt for less than you owe, you’re effectively “earning” money. For example, if you take out a loan for $10,000, and then were unable to pay it back, but settled for $6000, you’ve effectively pocketed $4000. [more...]

Date: 2009-09-21 13:12:17

A Look At 2009 From The Inside: Real Estate, Credit, and Debt

About two months ago I wrote a post that included information from a monthly magazine, (sic), I read religiously ... with more regulations. Consumer advocates will thrive and collection agencies will be riddled with compliance ... who is president and chief executive officer of debt broker National Loan Exchange, Inc. as [more...]

Date: 2009-01-02 15:47:36

Gates of Vienna News Feed 11/12/2008

Some headlines to look at:“Muslim Killed Catholic Girl in Love With Flatmate”“London Fundraisers Linked to Stoning of 13-Year-Old”“Possibly Tens of Thousands of Somalis in the US Illegally”“New Anti-Christian Attack in Mosul, Two Sisters Killed”But then there’s this:“Denmark: Ready to Ban Headscarves for Judges”So it’s not all bad news [more...]

Date: 2008-11-13 04:52:00

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

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