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Consumer Advocates – Results for Homeowners – 1st Choice Document Preparation – Consumer Complaint – 9-11-2012

Consumer Statement: At the end of March I recieved a call from Consumer Advocates. They wanted to qualify me for the HAMP modifacation goverment program. I was told that if I was paying more than 31% of my income for mortgage payments including taxes I qualify. I was told that since my bank took bailout … Read more

The American Consumers Nuclear Winter

With so little time before the next presidential election it is a good time to take a quick look at some important issues that are impacting the wallets and purses of the American consumer. Under the Bush administration consumers were significantly harmed by unreasonable and unfair bankruptcy reforms that clearly helped big business, hurt consumers … Read more

Consumer Bankruptcy Attorneys Stand Behind Government Plan to Allow Bankruptcy Judges to Modify Mortgages

The following statement was issued today on behalf of the 3,500-member National Association of Consumer Bankruptcy Attorneys (NACBA) by bankruptcy attorney and NACBA president Carey Ebert of Fort Worth, TX: “At a time when an estimated 6,600 American families are losing their homes to foreclosure every day, we welcome the Obama Administration’s support for changes … Read more

Consumer Reports Debt Settlement Article to Come

A little birdie in the wind told me that Consumer Reports is working on an article that involves debt settlement services. This person said they got the impression that the article was going to not be supportive of debt settlement companies, and in many ways, that’s a shame. Settling your debts for less that you … Read more

Government Kills Debt Write Off And 40% Debt Elimination Plan

All I’ve got to say is, Good! The plan would have done more damage than good and while some people might have hoped that the government would accept the creditor based plan, it was shallow and not enough to make a real difference to help people avoid bankruptcy and get out of debt. Recently I … Read more

New Concerns About 40% Credit Card Debt Reduction Proposal

Last week I wrote an article Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out but more information has come to light since then. While consumer advocates are happy about the possibility of getting banks to write off as much as 40% of the debt in order to … Read more