“Dear Andy, I bought my house 4 years ago. My value has dropped over 100K. I live Maryland. My mortgage is Non-Conforming. I have attempted to refinances 2 and denied because of my appraisal. I also attempted to get a modification 2 times and the investor denied it both times. I am current on my …
by Paul Kiel ProPublica The Obama administration’s mortgage modification program is more than two years old. From the beginning, it’s been apparent that the participating banks and mortgage servicers were breaking the program’s rules. The administration has long argued it has little power to do anything about it. But now, after millions of homeowners have …
For years people continue to try and convince me that debit cards are better than credit cards. Those arguments just won’t fly because there is no getting around the basic fundamental problem of debt cards, they are a direct link into your bank account. Time and time again I’ve heard or read stories of people …
“Dear Jeremy, I HAVE A $5,000.00 CREDIT CARD DEBT WITH WELLS FARGO THEY SOLD MY DEBT TO A COLLECTORE. I BEEN SUE AND KNOW THEY WANT TO PUT A DEFAULT, I CONTACT THE LAW FIRM TO SEE IF I COULD GET A PAYMENT ARRAGMENT THEY SAY YES. IM NOT WORKING IM RECEIVING UNEMPLOYMENT BENEFITS, THERE …
“Dear Andy, Left good paying job, Manager Financial AD Hoc Reporting, Harvard Univ. 2006 followed dream worked as an Animal Control Officer and then lost job to “regionalization” of the position in 2/2009. In 6/2009 my daughter entered a partial hospitalization program for her mental issues. She was home-bound for 18 months and is now …
“Dear Steve, I have large business debt that is charging off. i don’t really have funds to settle. how much trouble am i in? it is with wells fargo. biz line and biz cc. to the tune of $50,000. What is the best course of action? Lighttrick” Dear Lighttrick, Well it is what it is. …
by Marian Wang, ProPublica When Massachusetts’ highest court ruled against U.S. Bank and Wells Fargo earlier this month and invalidated two foreclosures, the decision was hailed by some as an important precedent [1] for courts seeking to resolve foreclosure disputes. While the decision’s impact isn’t entirely clear, even Wall Street analysts who downplayed its applicability …
“Dear Steve, Credit Card debt originated from Wells Fargo (lawsuit attached). Last paid in 2006. Depression got the better of me and that’s why I let it get out of control. The principal amount is $12k. The collection firm, Persolve, is asking for $21k with interest included. Persolve has proven to be difficult to work …
Mistakes happen. But in this case Wells Fargo apparently made a doozie. A Tacoma Washington woman had her totally paid off car repossessed and taken to the auction house for sale. Now we all know that kind of thing happens when you fail to make your payments but in this case the woman had the …
A class action lawsuit (3:07-cv-05923-WHA) that was previously filed against Wells Fargo has come to a conclusion that the bank was intentionally clearing transactions in order to create the largest amount of overdraft revenue. In fact 40% of its overdraft revenue was generated from only 4% of its customers. This is a tactic that a …
