Posted by Caitlin Tepper | Posted on 14-07-2010
I recently came across a discussion on the mumsnet.com forums about a woman who was secretly poor.
From the outside it looked like she was well off enough, with a “a lovely house filled with expensive furniture and nice clothes in the wardrobe” but the truth was she and her family were struggling to pay their bills and her property was in negative equity. The post received a lot of replies from seemingly middle-class people in similar situations, all trying to keep up the appearance that all was well, and secretly battling to manage their finances and debts.
As a company in the debt industry we’ve seen a reluctance in people to talk openly about their debts with others. Perha
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Posted by Mitchell Wickham | Posted on 13-07-2010
With no interest rates, no transaction fees, high fraud protection and emerging rewards programs, pre paid debit cards are now being embraced by people. Yes, the public generally loves them and are easily replacing credit cards as a mode of payment. But, if you can’t borrow from a debit card how exactly does it work?
Here’s how. Whether they call it a check or charge card, they all mean the same a prepaid debit card. This card functions similarly like the old credit card. With a single swipe, shop online, pay a transaction and even shop abroad it can be easily done. The
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Posted by Sofia Ballow | Posted on 13-07-2010
LifeLock identity theft protection gives peace of mind to people fearing identity theft. Unfortunately, credit-reporting giant Experian recently clubbed LifeLock over the head, opening the door to identity thieves.
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Posted by Sofia Ballow | Posted on 11-07-2010
New York State is waging a campaign against rogue debt collectors, and New York Attorney General Andrew Cuomo is currently suing 35 law firms and two debt collectors, trying to overturn 100,000 judgments in which the companies allegedly broke the law. The firms and collectors all hired American Legal Process (ALP), a Long Island-based company that failed to serve thousands of consumers with legal papers, Cuomo alleges. Many victims discovered they were being sued only when they found their wages garnished or their accounts frozen.
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Posted by Caitlin Tepper | Posted on 10-07-2010
A Utopian Credit Dream
In the perfect world, the credit bureaus would never err. The billions of pieces of data they each process, related to more than two hundred million Americans, would all click right into place. When you examined your credit report there would never be a mistake. And there would be no use for credit repair.
The Facts of Life
In real life credit repair is the only way to insure an error-free credit report. The credit bureaus do an admirable job. It is no small task to coordinate the massive amount of information provided by millions of creditors and collectors, not to mention the public records gathered through courthouse sources.
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