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The New Piggy Bank

So I was thinking the other day about how bad the economy is and it made me wonder what would a piggy bank today look like? Below is the T-shirt we came up from that random thought. It does makes me chuckle and I love to wear it now. I hope you enjoy wearing yours as much as I do ... Read More »

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

    Ready to Collapse

    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 should be able to handle ... Read More »

      Bankruptcy Judges Should Have the Power to Modify Mortgages

      Ready to Collapse

      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” and “A Win-Win Bankruptcy Reform“. ... Read More »

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

        Bank of America, MBNA, FIA Card Services Class Action Lawsuit

        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 credit card statement with a ... Read More »

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

          Medical Debt

          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 approve or reject your application ... Read More »

            Tough Credit Terms – Just Because You Need to Laugh

            Tough Credit Terms

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              “I’m Right There With Everyone Else”

              Ready to Collapse

              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 that seems to be helping ... Read More »

                Consumers More Intelligent Than Automakers Think

                Old Detroit and General Motors

                “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 is not the thought of ... Read More »

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

                  Write a Bad Check For Fun, Profit And a Surprise.

                  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 Shots Read More »

                    I See Debt People

                    I See Debt People T-Shirt

                    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 Read More »

                      Credit Card Approval – Just Because You Need to Laugh

                      Automatically Enrolled in Credit Protection

                      I recently ran back into an old acquaintance, Ted Goff, who is a brilliant cartoonist. Ted has some really great work dedicated to the credit and debt fields and I wanted to share them with you. Ted gave me permission to share them and I hope they either put a smile on your face or make you ponder. Read More »

                        Worth Reading – New Tack in Default Battle: Cutting Mortgage Principal

                        Ready to Collapse

                        Reducing the principal on mortgages is “a last resort,” says Paul Koches, executive vice president at Ocwen Financial Corp., a West Palm Beach, Fla., loan servicer that has shrunk the amount owed on 10,884 delinquent mortgages as of Sept. 30. That is 23% of all the loans modified by Ocwen so far this year. Ocwen estimates the company’s foreclosures result ... Read More »

                          Credit Card Companies Are Coming For You. Protect the Wife and Children.

                          Ready to Collapse

                          I see a new advertising campaign in our future. When Banks Panic You Lose Even though the Federal Reserve has lowered its rate to 1%, banks are raising your interest rates in hopes of making a bigger profit. Oh yes, they are raising your fees or charging news ones as well. At a time when the government is pleading for ... Read More »

                            Somali Pirates Are a Good Credit Risk. Maybe They Need An American Express Card?

                            Ready to Collapse

                            The hijacking and hijinks of the pirates in Somalia have been in the news. Apparently a new home based business has sprung up off the coast of Somalia as armed pirates board shipping vessels and hold the ship and crew for ransom. The hijackers have a favorite part of the coast to park their ships while they await the ransom ... Read More »

                              What I’m Reading and Watching Today

                              Ready to Collapse

                              I do more than just write answers to questions, I read as well. And my days involve math as well. It’s like being back in school, but this time with a calculator and spell check. Oh where were you when I needed you. Back then we had flash cards and now we have flash RAM. I still remember when my ... Read More »

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