Q. This past summer we completed a short sale on our home. There was a first and second mortgage holder, and the first mortgage holder (major financial institution) assumed the second during the final negotiations. It was our assumption all debt was satisfied (and you know what you get when you assume).
Since the [...]
Entries Tagged as 'Debt Collection'
Debts and Finances Forcing Us to Move Out of Country
October 19th, 2009 · No Comments · Banking, Debt Collection, Debt Settlement, Mortgages
Tags: debts·finances·foreclosure·Out of Country·relocate·second mortgage·short sales·statutue of limitations·tolling
Phony Debt Collector Scam Alert Issued by BBB
September 21st, 2009 · 2 Comments · Consumer Debt, Consumer Info, Debt Collection, PayDay Loans
Last month, The Better Business Bureau (BBB) issued a national alert warning consumers to beware of phony debt collectors who contact you claiming to be lawyers with intent to sue. The scammers call your home, and according to the BBB they are armed with the potential victim’s personal information, including Social Security Numbers, old bank information, driver’s license numbers, home addresses and even the [...]
Tags: BBB scam alert·Better Business Bureau·Debt Collection·debt collector scam alert·PayDay Loans·phony debt collectors
Debt Collectors Top List of Consumer Complaints for 2008
September 14th, 2009 · 4 Comments · Consumer Debt, Consumer Info, Debt Collection
I know this may come as an unbelievable surprise to many of you (yeah, right) but an annual survey conducted by the National Association of Attorneys General (NAAG) once again placed debt collection agencies at the prestigious top position for consumer complaints for this past year.
It isn’t that we here at creditinfocenter are picking on the debt collection industry, but it [...]
Tags: Attorney Generals·Consumer complaints·consumer protection statutes·Debt Collection·debt collection agencies·debt collectors·NAAG·NAAG Consumer Protection Project·State Attorneys General
Opinion: How the US Can Get Out of Debt
August 27th, 2009 · 4 Comments · Budgeting, Debt Collection, Debt Settlement
When I’ m approached by someone seeking advice on how to get out of their credit card debt, I use a standard methodology. Just for fun, I decided to see if I could apply the same principals to the U.S. Deficit (currently $12 trillion).
First thing I do is to ask the client the following [...]
Tags: assets·debt·Debt Settlement·Defense·Health·Medicaid·Medicare·National Defense·Outstanding Debt·Social Security·U.S. Deficit
