Today, the Senate voted on Senate Bill 61, the bill which would allow homeowners, consumers, everyday Americans, to modify their residential mortgages in bankruptcy. This bill had been debated for over 8 months, mostly during the presidential elections. The Bill did not pass. Other types of mortgages can be modified in bankruptcy; other types of [...]
April 2009
You have a right to get a free credit report once a year from each of the three credit reporting agencies. Why haven’t you done it yet? According to the 2009 Consumer Financial Literacy Survey was released in Washington, DC on Tuesday by the National Foundation for Credit Counseling (NFCC), only one-third of those adults surveyed had [...]
The Senate voted today on Senate Bill 61 ( and not surprisingly to some, the Bill did not pass.   Apparently the Bill needed 60 votes to pass and the vote was 45 for/51 against.  President Obama, who had originally embraced the Bill, backed off on support, along with a dozen other Democrats who voted against the [...]
Part 16 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 22: Rebuilding Credit. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense in this [...]
Part 15 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 20: Stop Debt Collectors Cold. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense [...]
The Senate, in a vote of 45 -51, rejected the Helping Families Save Their Homes Act of 2009. This bill would have allowed bankruptcy court judges to help families to save their homes from foreclosure by restructuring home mortgages, known as a “cram down”. Follow this link to see how your State’s Senator voted: Senate [...]
