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Obama or Romney: Which One is Better for Debtors

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With the 2012 presidential election coming up and the choice left to either sitting President Barack Obama or Republican nominee Mitt Romney, anyone concerned about their personal finances might want to look at the positions of the two candidates and factor that into their voting strategy. Over the past four years the Democrats, and President Obama have been pushing for ... Read More »

Rampart MMW Files Chapter 11 Bankruptcy Again With Homeowners

As I mentioned in What Kind of Racket are Rampart MMW and Omni Home Solutions Playing Around With?, a company named Rampart MMW said they were going to file their third chapter 11 bankruptcy in what appears an attempt to shield homeowners from foreclosure as some cost. The last chapter 11 bankruptcy case filed by Rampart MMW, Inc. before this ... Read More »

Special Interest Debt Settlement Bill in California Fails But Raises Concerns

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The Daily News in LA is reporting a story about sponsored bills in the California legislature which are the work of special interests regardless if it is right for consumers. The mentions one area of concern. Some critics say even those failed bills are a problem because their large numbers distract time and attention from the public good. Consider a ... Read More »

The Importance of Getting Your Debt Under Control Before Running for Office

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D.C. Council chair Kwame Brown got an unexpected surprise recently when it came out that he had been sued repeatedly for unpaid credit card debt. According to reports, Brown, owes over $50,000 in debt he has not addressed which eventually ended up in court. This would not be as big a story if Brown had not run on a position ... Read More »

New Financial Disclosures Out. John McCain Going Further in Credit Card Debt at 25.99%. Ouch!

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Last year I wrote a story about John McCain and his Chase credit card with a 25.99% interest rate. I just discovered that the latest 2008 financial disclosures are out and I went back to see if he got a better rate on his card. Not only didn’t he get a better interest rate, but his balance has increased on ... Read More »

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