Getting outside of the “credit” box, I thought you would find the video down below of interest. It comes from a couple of guys who are actually doing something about all this financial craziness swirling around us. These guys are from Thinkbigworksmall.com (TBWS) which according to their website was founded in 2007 and has “a vested interest [...]
Entries from February 26th, 2010
Two Regular Guys Take on the FDIC
February 26th, 2010 · No Comments · Mortgages, Real Estate
Tags: FDIC·foreclosure·loan modification·loss-sharing agreement FDIC OneWest Bank·OneWest Bank·Real Estate·short sales·TBWS·TBWS FDIC·Thinkbigworksmall
“Free” Credit Report Ads Soon to be Less Deceptive
February 25th, 2010 · 3 Comments · Credit Bureaus and Scores, Credit Reports
Starting April 1, all those companies who proclaim that they provide “free credit reports” will be required to add a prominent disclosure on any advertising that should help eliminate confusion for consumers who are seeking the government-approved Web site, AnnualCreditReport.com. The new guidelines were announced this week by the FTC, which was required to adopt the new rules as [...]
Tags: annualcreditreport.com·Credit Reports·deceptive free credit report ads·Federal Trade Commission·free credit report disclosure·free credit reports·Free Credit Scores·FTC free credit report disclosure
Minnesota Lawmakers Propose Bill to Help Protect Consumers From Debt Buyers
February 24th, 2010 · No Comments · Debt Collection
This past week a bill was introduced by Minnesota Legislators which will require debt buyers in the state to follow strict, new guidelines on the collection activity associated with purchased debt, along with the verification process utilized by the associated accounts receivable management firms. House bill HF 2996 and Senate bill SF2689 are being championed by Minnesota State [...]
Tags: debt buyers·JDBs·Minnesota bill HF2996·proposed debt buyer legislation·re-aging debt·Statute of limitations
Sign of Things to Come? Citigroup Increases Credit Card Fees
February 23rd, 2010 · No Comments · Banking, Credit Cards
The media has been warning consumers for months now that the fallout from the credit card changes instituted by the Credit Card Accountability, Responsibility and Disclosure (CARD) Act is likely to involve increased fees, and the latest news from Citigroup is further proof that the prediction is right on. This past week, a large group of Citi cardholders received [...]
Tags: CARD Act·citigroup credit card fees·credit card annual fees·credit card fees·increased credit card fees·minimal annual purchases
