The first phase of the Credit Card Accountability Responsibility and Disclosure Act (aka Credit Card Act) goes into effect February 22, 2010. The new law will require certain disclosures to all credit card consumers....
Filing a lawsuit against a debtor is not a creditor's first choice. A lawsuit usually comes after many months and sometimes years of chasing after a non-paying debtor. Creditors know that even if they...
When a debtor fighting foreclosure receives a loan modification there is a possibility that it may have a negative impact on their credit report. Mortgage modifications are reported to the credit bureaus in one...
The CARD Act of 2009, limiting many abusive practices of the credit card industry, goes into effect in February. However, as we have previously reported, the credit card industry is slithering around many of...
In an effort to make up for the loss of profits expected when the Credit Card Act becomes effective, many credit card lenders are placing borrowers in "pick-a-rate" programs that gives the lenders a...
In preparation for the impact of the Credit Card Act, all eight of the top credit card issuers have imposed larger late fees, even for borrowers with small balances. While credit card issuers claim...
Has it been 3 weeks, 6 months or a year since you first applied for mortgage modification so that you could avoid foreclosure ? Has your mortgage servicer lost important documents? Have they left...
