According to an article in the New York Times, Bank of America and JP Morgan Chase are finally agreeing to properly identify debts that were discharged in bankruptcy. Related Post Big Banks Plead Guilty to Criminal Charges What is a Zombie Debt? Banks Are Subverting Bankru… New Round of Defaults of Mortgages in 2015 and […]
Most of the “debt relief agencies” are scams. There is one organization that appears to be worthwhile – National Foundation of Consumer Credit Counseling, or www.NFCC.org.
Yet another loan workout or modification scam. I am disgusted by the number of calls we receive every week detailing a company or lawyer who takes someone’s hard earned money and fails to deliver on their promise to modify the home mortgage.
Why is this “ground breaking”? This is the first time that payment processors are held to the same standard of responsibility as the debt collectors. Related Post CFPB Proposed changes to our Mortgage Servicing Ru… Collection Fraud – You Cannot Be Arrested Fo… 20% of Consumers Have Credit Reporting Errors CFPB To Oversee Student Loan […]
Consumer Financial Protection Bureau (CFPB) filed its lawsuit in August 2013, against debt-relief services company Morgan Drexen. The CFPB alleges, among other things, that Morgan Drexen deceived consumers into paying unlawful up-front fees for debt relief services by disguising them as fees related to “sham” bankruptcy services. According to an article by Joanna M. Zdanys […]
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This area of law turns on specific facts. It is almost impossible to give a single answer for what you may think is a simple question. First, the law of the state where you live or lived may control. Second, a prior marriage or debts taken out before the current marriage may affect the answer. […]
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