Consumers have protections from their creditors, but consumers also have liability to their creditors. Knowing your rights and obligations is the best way to make informed decisions.
ADVERSARY v CONTESTED MATTER
According to the New York Times – Angelo R. Mozillo, the co-founder and former chief executive of Countrywide Financial, may soon face a civil lawsuit from the Justice Department. This disclosure comes almost seven years after the subprime mortgage machine he created and oversaw began its rapid decline in August of 2007 leaving investors and […]
According to the Wall Street Journal Fair Isaac said Thursday that it will stop including in its FICO credit score calculations any record of a consumer failing to pay a bill if the bill has been paid or settled with a collection agency. The San Jose, Calif., company also will give less weight to unpaid […]
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