By Andy Miofsky, Illinois Consumer Law Attorney on Apr 17, 2008 in Uncategorized | 0 Comments
Major lenders, representing over 12% of the market, according to Associated Press Business Writer Marcy Gordon, have decided to stop issuing student loans, placing the availability of future loans in doubt. Over 50 companies pulled out of the government subsidized loan program in the first four months of 2008 due to lower government subsidies and [...]
By Stephen Otto, Pittsburgh Consumer Attorney on Apr 17, 2008 in Uncategorized | 0 Comments
Debt to income ratio is the percentage of a consumer’s monthly gross income that goes toward paying debts. This sometimes includes more than debts. Debt to income ratio can also include certain taxes, fees, and insurance premiums. For a more detailed explanation, click here.
If you liked that post, then try these…Student Loan Market Faces Scarce [...]
By Carmen Dellutri, Attorney at Law on Apr 16, 2008 in Consumer Protection, Credit Cards, Personal Finance, Uncategorized | 0 Comments
Recent data demonstrates that consumers are not paying their credit card bills in a timely fashion. The credit card charge off rate was up to 5.59% in February 2008. Now, we have all heard that you can get a statistic or a politician to say pretty much whatever you want them to say, but this [...]
By Chip Parker, Jacksonville Consumer Attorney on Apr 13, 2008 in Personal Finance | 4 Comments
As a bankruptcy attorney, I meet with many distressed homeowners behind in mortgage payments, but what is baffling to me is how many of my friends and acquaintances who are not in financial trouble (yet) believe that the current foreclosure crisis is not their problem.
I always hear statements like, "The banks were stupid to lend [...]
By Jonathan Ginsberg on Apr 10, 2008 in Consumer Protection | 0 Comments
As a bankruptcy lawyer, I regularly receive calls from potential clients who tell me stories about unbelieveable harassment from bill collectors. Perhaps you have been the recepient of such threats:
wage garnishment
public embarassment
debts will become responsibility of parent or spouse
imprisonment
personal "visit" by debt collector
curse words and other abusive language
The use of psychology by bill collectors to [...]
By Stephen Otto, Pittsburgh Consumer Attorney on Apr 1, 2008 in Credit Reporting | 0 Comments
…credit report dot com baby. We’ve all got the jingles stuck in our heads. It is important to note that this service is not necessarily free. As posted by Kevin Gipson, you are entitled to a free annual credit report from each of the three credit reporting agencies.
I encourage you to visit www.annualcreditreport.com to order [...]
