Obama puts pressure on credit card issuers

Call – Write -E-mail Fax your senators – Ccontrol son these banks is long overdue.   At one time it was illegal to charge the types of interest rates that banks are now unilaterally imposing on people who have fallen on difficult economic times. president calls top industry executives to the White House and demands […]

Credit Cards Issuers may finally get reigned in

Negotiations Continue on Bill Allowing Judicial Modification of Mortgage Terms April 17, 2009 by senatus Senate Democrats “are negotiating with a handful of the nation’s largest banks and some credit unions to limit a controversial bill allowing judges to write down the value of home mortgages,” The Hill reports. After passing the House in March, […]

Debt Settlement Usually Doesn’t Work.

Don’t pay for something that you can do for yourself. Settling with creditors works best if you have a lump sum of money to offer the creditors. do not send money until you have the settlement offer in writing then send your payment certified mail and get a copy of the check after it has […]

Chapter 7 Bankruptcy

Foreclosures continue to rise.