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Entries from December 2008

See, it can be done! Consumer settles with Chase and MBNA for 25-35%

May 7th, 2008 · 1 Comment

No, these settlemensts weren’t made with the collection agency, but with the credit card companies themselves.
Just talked to a client today about his debt settlement techniques. He had a few cards to go, but did really well working with MBNA and Chase bank. He settled with Chase for 25% and MBNA for […]

Popularity: 8% [?]

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Tags: Credit Cards

A Collection Agency Case Against You in a Lawsuit is Pretty Weak

May 6th, 2008 · 2 Comments

It’s what I’ve told my clients about 1000 times…don’t panic when a collection agency sues you. You can EASILY beat it.
From the blog of a Michigan attorney:
I love defending people against debt buyers because the Plaintiffs case is as strong as a house of cards in a hurricane. Debt buyers buy judgments, credit card […]

Popularity: 21% [?]

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Tags: Credit Counselor Front Lines · I'm being sued!

Regulators Propose Changes to Credit Card Practices

May 3rd, 2008 · No Comments

OK, the feds are “trying” to be responsible by reigning in the abusive credit card practices. Two different papers reported that 7 new reforms are proposed.
The New York Times
Federal bank regulators on Friday proposed a new set of rules to make it more difficult for credit card companies to raise rates arbitrarily, conceal high […]

Popularity: 5% [?]

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Tags: Credit Cards