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Guess What You Might Not Owe? Your Mortgage!

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Under the universal law of what you least expect, it appears that the rabid feeding frenzy of banks to initiate loads of subprime mortgages resulted in sloppy loans and sloppy documentation. Bankruptcy judges, foreclosure courts and lawyers are now getting a bit wiser to the trailing mess created as banks sold and resold pools of securitized mortgages. It appears that ... Read More »

    Quickies – Bank of America, Payday Loans, Divorce, 401k, Credit Report

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    When I need a break from answering questions I often take a look for some odd or interesting search terms that people used to find me. Below are some of the latest I saw today that I wanted to provide quick answers to. Steve Search Terms will bank of america negotiate debt – Yes but debt settlement can be tricky ... Read More »

      Reforms Recommended for Debt Collectors and Debt Collection Industry

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      The Federal Trade Commission issued a report today recommending that the debt collection legal system be reformed and modernized to reflect changes in consumer debt, the debt collection industry, and technology. The report describes the changes the FTC believes will provide better consumer protection without unduly burdening the debt collection industry. The Commission also issued its 31st annual report to ... Read More »

        Statute of Limitations and Time-Barred Debts: State Information

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        “Time-barred” debts are debts so old they are beyond the point at which a creditor or debt collector may sue you to collect. This is often referred to as debts that are beyond the statute of limitations. State law varies as to when a creditor or debt collector may no longer sue to collect: in most states, the statute of ... Read More »

          Identity Theft and Credit Card Fraud for New Boobs

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            I Want You to Meet Who You Helped Today – Ludmila Boiko

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            It is important for you to meet who we helped today through this site. As I mention, all over the place, revenue from people clicking on ads and using the service of advertisers is used to help sponsor people in poverty through Kiva. Please visit or use the services of advertisers on the site so we can help more people. ... Read More »

              A Secret You Are Not Supposed to Know – Citibank CCCS Credit Counseling Terms

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              I’ve written a lot about the misperception that people have that going into a CCCS or credit counseling program involves some sort of negotiation with your creditors. It doesn’t. You will notice that none of the credit counseling groups say that they are there to defend you and put you first. This is because no matter what they say, as ... Read More »

                I Want You to Meet Who You Helped Today – Pham Thi Van

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                It is important for you to meet who we helped today through this site. As I mention, all over the place, revenue from people clicking on ads and using the service of advertisers is used to help sponsor people in poverty through Kiva. Please visit or use the services of advertisers on the site so we can help more people. ... Read More »

                  What Are You Going to Do Today to Help Someone Dying With Debt?

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                  Each day I get up, check my inbox and tackle answering emails and questions from people that are suffering with debt issues. I do it because I think it is the right thing to do. It is something tangible I can do to ease the suffering, fear, uncertainty and anxiousness that many are suffering with in silence. But I challenge ... Read More »

                    Quickies – CCCS Consumer Review, Autos, Cards, Balances, and Debt

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                    When I need a break from answering questions I often take a look for some odd or interesting search terms that people used to find me. Below are some of the latest I saw today that I wanted to provide quick answers to. Steve Search Terms CCCS consumer review – CCCS stands for Consumer Credit Counseling Service but it has ... Read More »

                      An Interesting Way to Cut the Cost of a College Degree

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                      Just when I thought that a four year degree was a standard set in stone, apparently it is not. Recent talk about rolling out three year degree programs might be a good way to cut the cost of college by 25%, as long as tuition does not keep rising. Anyway, here is the story that caught my eye today. Some ... Read More »

                        SO THIS IS HOW IT FEELS TO BE IN DEBT!

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                        An old friend of mine let me know recently that he had been struggling with some financial problems. While debt issues are not something that you often share with just anyone, my friend trusted me enough to open up to me for advice and a friendly shoulder to lean on. My friend, to be anonymously known here as Bob, wrote ... Read More »

                          Debt Relief Orders Let Consumers Go Bankrupt Through Credit Counselors

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                          An interesting new development in the UK is the formalization of a new tool, the Debt Relief Order, to let consumers eliminate their debts under the power of bankruptcy but without all the hassle or cost. For debtors that have less than £15,000 of unsecured debt and no assets, they can go to a credit counselor, who can file an ... Read More »

                            A Simple Guide to Understanding How the Bankers Screwed Up and Got Us in This Credit Crisis

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                            My bankruptcy attorney friend sent me the link this the video below and said it was a great video to help explain the credit crisis. She was right. It is so nice to see clearly the relationship between the extremely poor decisions smart bankers made that have now trickled down to a foreclosed home near you. If you can’t see ... Read More »

                              Advertisers Are Way Smarter Than You in Getting You to Spend Money When You Didn’t Want To

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                              I’ve written a lot about how shopping malls, and stores are deigned to intentional trigger your subconscious impulses to get you to spend money. And then when people do, they are cursed by their creditors for being irresponsible. Granted all spending is not beyond our control, but some formulas to make you buy are very devious. How about chocolate chip ... Read More »

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