Click Here To Receive FREE Email Updates!

Archive for August 9th, 2007

What is the Metro-2 Credit Reporting Format? »

Creditors, debt collectors and debt buyers who furnish consumer credit account data on a regular basis to credit reporting agencies have duties under the Fair Credit Reporting Act (FCRA) to correct and update that consumer credit history information.
If you liked that post, then try these…Juvenile Restitution Discharged in Chapter 13 Appeals Court Rules by Jill [...]

New York Bankruptcy Exemptions - Part One »

Bankruptcy law allows you to “exempt” certain property, which means you can keep and protect exempt property from creditors and the trustee when you file a Chapter 7 bankruptcy.  The basic purpose of bankruptcy is to allow someone deep in debt to discharge the debt and get a “fresh start”.  To help you get your [...]

Capital One Raises Interests Rates Without Warning »

Our friends at The Consumerist are reporting that Capital One, the folks who brought you David Spade television commercials that served only to mask their anti-consumer lending practices, have struck again. This time, they’ve raised interest rates across the board for its customers. One reader says his wife’s rate went from 9.9% fixed to [...]

Top Ten Personal Finance Mistakes - Part 10 »

Emotion leads to irrational decisions and it is never good to let emotion rule when it comes to finance. Some people use spending to cheer up and avoid feeling depressed. Emotional spending will crash you budget. But saving money will be the long term road to financial independence and ultimately, happiness and [...]

BAPCPA (Don’t Ask) Bankruptcy and Presidential Politics »

My second favorite blog, Instapundit, 5:32 p.m. yesterday, references Senator Biden and the Bankruptcy Reform effective 2005.
Crying “accountability, personal responsiblity” the creditor lobby finally got their legislation, intended to make filing bankruptcy, especially Chapter 7, more expensive, more difficult, and out of reach for many.
Effective advocacy by the bankruptcy debtor bar has mitigated many of [...]

Bankruptcy reform will fix the subprime lending crisis and save the economy »

Foreclosure Criss
Cavalier lenders have damaged the housing market and the economy overall, even encouraging artificially inflated home appraisals to boost a record number of loans and refinances over the last few years. Stories of borrowers being wrongfully steered into subprime loans abound, and the result has been nothing short of catastrophic. Foreclosures are higher than [...]