Quoting Professor Elizabeth Warren of Harvard Law School from her book All Your Worth: “You can’t borrow your way out of debt.”
People in debt are flooded with information that tells them that they should NOT file bankruptcy but they are told to find the answer to their debt problems by refinancing, getting a [...]

Popularity: 37% [?]

A recent New York Times Article Charity’s share from shopping raises concerns calls it “a marketing gimmick run amok” and warns that the potential for scamming is huge. The practice of embedded giving , of building a donation to charity into the purchase price of a particular item or items from a certain retailer, [...]

Popularity: 22% [?]

Every person sued in a court of law is entitled to a trial on the merits of the case.  A credit card lawsuit is no different than any other legal dispute that ultimately reaches the court system.  Sometimes a person can avoid filing bankruptcy by successfully defending against a collection lawsuit.  If you are served [...]

Popularity: 44% [?]

Pro-creditor bankruptcy reform has failed and lenders who push easy credit on weak borrowers should be punished, usury rates restored, according to consumer finance commentators.
“Picking the biggest policy mistake of the past few years is no easy task, … but the Bankruptcy Act of 2005 is a leading contender,” according to Dan Geldon of the [...]

Popularity: 41% [?]

The sub-prime mortgage crisis has the attention of many, but credit card defaults are rising, up 30%.
A study of the new bankruptcy law accurately reports that the new law has doubled the cost to consumers to file, whether Chapter 7 or Chapter 13.
The article reporting the study says the [...]

Popularity: 34% [?]

What does FICO stand for and why is it important? FICO is an acronym for Fair Isaac & CO. This company developed a mathematical equation to determine who will be credit worthy and who is not. Each credit bureau will issue a FICO score and then based on those three scores the [...]

Popularity: 31% [?]

It is that time of year that I find myself often arguing with debtors about the need to purchase over priced Christmas gifts for their loved ones. The creditors lie in wait in their aisles ready to pounce on unsuspecting consumers,  praying that you will feel like a bad parent if you don’t spend $400-$500 per [...]

Popularity: 25% [?]

Chase has decided to help the little guy and cease raising interest rates when the cardholder’s credit score declines. More on this new development was also reported on our sister site, Credit Law Network.
This lovely predatory practice allowed Chase to impose penalty interest rates on card holders who had never been late, were under [...]

Popularity: 40% [?]

As a Bankruptcy Attorney in Southwest Florida, I speak with bankruptcy clients who are surrendering their homes in one of the worst housing markets in the United States. Bankruptcy is usually their only option to a void the negative consequences of the foreclosure process.
One of the unfortunate complications of this reality is the state [...]

Popularity: 58% [?]

Disability, life and unemployment insurance on credit card balances is a sweet deal for credit card companies, which is why their agents will use pressure sales tactics, deception and subterfuge to get you to sign up for it .This useful tidbit of information came from a bank credit card representative who sat next to one [...]

Popularity: 21% [?]