Debt Collectors Beware Big Brother Is Watching You

In helping clients with the credit repair process, we are repeatedly made aware of the intimidation factors that debt collectors and collection agencies use in order to collect on allegedly owed debts of consumers. One of the most important tools of the debt collector is the telephone. It is also one of the most abused […]

Government Crackdown On Debt Collectors

Finally, the government finally intends to start cracking down on outrageous debt collectors.  The Consumer Financial Protection Bureau (CFPB) is going to start policing collection agencies and rogue collectors who violate the Fair Debt Collection Practices Act (FDCPA). A quick watch of this video shows some of the outrageous lies and threats collectors use to […]

Consumer Financial Protection Bureau issues first report on credit bureaus

The Consumer Financial Protection Bureau (CFPB) released its first report on the major credit bureaus since it expanded its jurisdictional reach in July.  The major credit bureaus are Equifax, TranUnion and Experian. As expected, your credit report history is comprised mainly of credit card history and debt collection items generate the highest rate of credit […]

Help Is On The Way – New Rules For Mortgage Servicers

Looks like the governments newest agency, the Consumer Financial Protection Bureau, is getting a little more serious.  They have proposed new regulations against Mortgage Servicers, the companies who collect your payments and harrass you when they’re late. Although you may think that the company you send your monthly mortgage check to is your lender, in […]

Foreclosures UP – Repossessions DOWN

Looks like banks are back to work with initial foreclosure filings increasing for the third month in a row, but there is a bright side, they’re willing to deal.

Do You Practice The 7 Characteristics of The Debt Free?

Today I want to talk about a great article that I came across from one of my favorite financial minds Dave Ramsey. In this article Dave talks about what he considers are the 7 characteristics of debt free people. It’s really a great list and got me thinking about what it really takes from a […]

Surgically Remove Medical Collections From Your Credit Report

  Medical collections can be like an infection on your credit report.  Once they get on there it’s going to take some strong medicine to get them off, and if left to long surgical removal may be your only alternative. 

I Don’t Care If Your Kid Died, Pay Me!!!

Be sure to LIKE us on Facebook, to get the latest updates as soon as they happen. Unfortunately, this is the mantra of many student loan providers, but the practice may soon be coming to an end. Generally, when applying for financial aid the lender will require that a parent or guardian become a guarantor, […]

Annoyed by debt collectors calling you for a debt that’s not even yours, stop them in their tracks.

You know the drill, you pick up your phone for the bazillionth time today only to hear from some obnoxous jerk looking to collect on a debt.  Except the debt they're trying to collect on is some random person you either know or don't even have a clue who they are. Well here's a good […]

The bankruptcy tsunami gains momentum

It looks like there’s no slowing down the flood of bankruptcy filings, and there’s no end in site. According to this article, bankruptcy filings were up in 2010 to their highest levels yet with almost 1.5 million Americans turning to the courts for protection from an unmanageable debt load and a stagnating economy.  it also […]