Ok, that might be a bit extreme, but according to a recent article in businessweek, the lifestyle choices a consumer makes as far as spending habits may even affect their credit score.
It’s fairly common knowledge that some major factors that influence credit scores involve occupation, payment histories, public records, ratio of balance to available credit […]

Popularity: 26% [?]

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If you want to maximize your credit card’s optional features, you need to do a little homework before you select a card. Since our economy these days depends in large part on the frequent use of credit by consumers, companies that offer credit cards have come up with a number of attractive features designed to […]

Popularity: 25% [?]

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For better or worse, FNMA keeps tightening the reins on those unlucky (not so) few that are going through the foreclosure process. They announced earlier this spring that they were increasing the time period (up a year, to 5 years) that borrowers who have been foreclosed upon would have to wait to be considered to […]

Popularity: 26% [?]

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Isn’t Congress supposed to be doing something about $40 late and over the limit fees
From 2002 to 2006, the nation’s ten largest banks increased their reliance on fees by 17%.

From 1994 –2005, over–the-limit fees in the credit card industry more than doubled, while late fees nearly quadrupled.
Interchange fees–fees credit card issuers charge merchants when […]

Popularity: 22% [?]

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I just got off the phone with a consumer attorney who is representing one of my clients. This client is being sued by one of the big collection agencies and they are throwing everything they can at this poor guy and his mother, interrogatories, discovery, etc. At my suggestion (although I always suggest […]

Popularity: 30% [?]

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It’s common knowledge that credit card companies sell off bad debt to collection agencies (aka Junk Debt Buyers). It’s also known that hospitals and doctors sell off debt to collection agencies as well. But did you know that hospitals are auctioning their debts off on the internet? Two main companies, ARxChange.com […]

Popularity: 25% [?]

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I get this question a lot - “I’m being sued by a collection agency - do you know of a good attorney?”. We do present a list of consumer attorneys on our website, but the list is not complete. Consumer attorneys are few and far between and in some states and counties in […]

Popularity: 32% [?]

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Ok, I have good credit and I would assume that it would be easy for me to get a credit card. Remember all though stories about people who used their pet’s name and ID (I wonder what SSN# they used!)? Well, those times are apparently not past. I just read […]

Popularity: 24% [?]

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Under the Fair Debt Collection Practices Act (FDCPA), it’s your right to request that a collection agency cease communication with you; a right granted/protected by FDCPA Section 805(c). (It’s called a Cease and Desist Letter or C&D among us credit repair junkies) Basically, it does what it sounds like: forbids a collection agency […]

Popularity: 42% [?]

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Just received this email, and thought it was interesting AND important to put out there.
My case was dismissed for lack of evidence on behalf of the collector who admitted they didn’t have anything. How do I go about removing this mark on my credit report?
You would dispute the tradeline with the credit bureaus as […]

Popularity: 31% [?]

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