Monthly Archives: November, 2008

Mortgage Lender List of Loss Mitigation Contacts That Can Help You Avoid Foreclosure

If you have a mortgage with one of the lenders below you can use the contact information to reach the person at the lender that should be able to direct you to the special terms or programs available to help you avoid foreclosure or to come to a solution regarding your delinquent mortgage. The contacts [...]

Bankruptcy Judges Should Have the Power to Modify Mortgages

The sagging home values are drawing attention to a gaping hole in bankruptcy protection, the ability for U.S. bankruptcy judges to be able to modify the terms of a mortgage to keep people in their homes that want to pay. A couple of recent article really caught my eye, “Delahunt: Empower judges to modify mortgages” [...]

Bank of America Hit With Class Action Suit Over Credit Card Fees And Charges

On November 24, 2008 a class action lawsuit was filed against Bank of America, for deliberately engaging in a course of action that led to credit card customers to be intentionally penalized even though payments were made by the due date. The suit cites, as an example, the case of Bruce Trombley who received a [...]

Carolyn Built Her New Home Using Credit Card Cash Advances

“Dear Steve, I built a new home using credit card cash advances. I now have $85,000 in credit card debt and the interest rates average 25%. I can make up to $2500/month in credit payments but the interest rates are killing me. I had great credit before this issue. I have a good job and [...]

Jenni Can’t Make the Car Payment and is Behind on Rent and the Clutch Just Went

Jenni “Dear Steve, I am behind on my car payment. I can’t pay my rent this month. The clutch just went out on my car. I work two jobs but I can’t get to them now that my car is broken. I joined the Army but I don’t leave until January. How can I get [...]

Holy, Divorced, Disabled and Desperately in Debt

Holy “Dear Steve, I am a divorced 56 year old woman who suffered an injury as a teacher in a public school in May, 2000. I now suffer with a severe and permanent chronic pain condition (Reflex Sympathetic Dystrophy). Social Security refused me any disability (chronic, debilitating pain is not considered disabling) and due to [...]

Disjointed Use of Your Credit Score Can Leave You Unemployed or Dead

I’m afraid that your credit score is being used in all the wrong ways for all the wrong reasons. The credit score was originally designed as an easy way for lenders to identify which potential customers would be low risk and high profit acquisitions. Using a credit score to screen new customers allows lenders to [...]

Lauren is in a Fabulous Foreign Country and Can’t Afford Her Student Loans

“Dear Steve, Okay, I am currently a grad student in a foreign country which is cool and wonderful and educational and definitely worth the money. However, it’s costing me money. I currently have a $77,000 price tag in student loans and would like to reduce this amount. Because I am overseas it is very difficult [...]

Tough Credit Terms – Just Because You Need to Laugh

“I’m Right There With Everyone Else”

My name’s Annette and I just got told that in two weeks, my job will go from 40 hours a week to 10. On top of that, I’m losing all my benefits. Which means I have no health insurance to cover my lupus. My husband and I entered a debt management program several months ago [...]

Bob Is Underwater And Drowning, In Debt

“Dear Steve, Can I ask for your advice since I’m so overwhelmed with debt. I have 4 credit cards with approximately $48,000 in balance. I’m only paying the minimum amount due per month because that’s all I can afford considering the other expenses I need to pay (mortgage, car loan bills, etc). Most of the [...]

Consumers More Intelligent Than Automakers Think

“Little Three” Detroit automakers seem to be consumed with fear that people would not purchase a new car from an automobile manufacturer that was or has gone bankrupt and that the fear of bankruptcy is scaring buyers away. I think this just shows how out of touch that Detroit is with the American buyer. It [...]

Credit Counseling and Debt Management Information Request

I encourage you to use the contact information below to learn more about how a credit counseling program may be able to assist you. There is no cost and you are not obligating yourself to anything by completing the information request form below for information to help you to get out of debt. Credit Counseling [...]

Mug Shots of People Arrested For Forgery, Writing Bad Checks, And Credit Card Theft

In a bad economy, people do desperate and often very silly things to get by. Please don’t think that financial fraud is the way to make ends meet when things are tight. If you can’t afford your life, please ask me for help and advice rather than following the path these people did recently. Mug [...]

I See Debt People

I came up with this T-shirt idea and thought you might enjoy it as well. It made me chuckle so I’m hoping it puts a bit of a smile on your face as well. You can get one for yourself from Rumplefart. Steve