April

Blog Posts in April, 2016

  • Every day, a countless number of Americans receive unwanted phone calls to their cellphones from banks, debt collectors, and other companies. However, this act is considered unlawful under the Telephone Consumer Protection Act, which states that ...
  • Lenders Make Mistakes, Too

    According to an article published by The Wall Street Journal, Ocwen Financial Corporation, a business that specializes in risky loans, will become the ninth-largest servicer out of all servicers in the industry, tripling its size since 2009. ...
  • Beware of This New Debt Collection Scam

    The Federal Trade Commission is warning consumers of a new debt collection scam involving fake collection notices for phantom debts. According to the FTC website, criminals are putting a creative – and scary – twist on an old scam by ...
  • How Courts Punish People for their Poverty

    Think debtors prisons no longer exist? Think again. One way that court systems commonly raise revenue is to impose fees and fines on those who commit minor offenses. For many people, these expenses can pile up, driving them into poverty. Often, ...
  • Fannie Mae and Freddie Mac have announced the first-ever principal reduction loan modification program for homeowners with underwater mortgages – excellent news for both homeowners and investors. The implementation of this program is an ...
  • One of the largest debt collectors in the United States, Midland Credit Management, Inc. is facing a potential class action lawsuit from consumers accusing the company of trying to force payment of old debts that are no longer legally enforceable. ...
  • It is extremely important to check your credit report on a yearly basis. The three major credit reporting agencies, Equifax, Experian, and TransUnion all offer a free report once a year. You should look through your report for any errors and take ...
  • Thanks to a supercomputer owned by data analytics company LexisNexis, your insurance company can find information on just about every aspect of your life, allowing them to predict, assess, and manage the risk involved in offering you services. The ...