• student loan

    Student Loans – CFPB Helping Deal with Financial Nightmare

    Published On: May 16, 2015

    CONSUMER FINANCIAL PROTECTION BUREAU LAUNCHES PUBLIC INQUIRY INTO STUDENT LOAN SERVICING PRACTICES Announcement from the Consumer Financial Protection Bureau: WASHINGTON, D.C. — July, 2015 the Consumer Financial Protection Bureau (CFPB) is launching a public inquiry [...]

  • Bankruptcy Can Help Seniors Find Peace of Mind

    Published On: May 15, 2015

    Bankruptcy Can Help Older Americans Take Control of Their Lives I highly recommend this great article in the New York Times about bankruptcy and the elderly.  Everyone should understand the issues related to protecting your [...]

  • Chase Bank sign

    Big Banks Profit by Falsely Reporting Bankrupt Debts

    Published On: May 13, 2015

    Bank of America and JP Morgan Chase finally agree to properly identify debts discharged in bankruptcy. According to an article in the New York Times, Bank of America and JP Morgan Chase are finally agreeing [...]

  • Grandfather and child

    Too Poor to File Bankruptcy – a New Class of Americans

    Published On: May 8, 2015

    To Poor to File Bankruptcy: Hundreds of thousands of Americans are hounded mercilessly by debt collectors, but unable to afford to file for bankruptcy. Why Do Some Law Firms Act Like Used Car Sales Lots? [...]

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    Another Loan Workout Nightmare, plus Resources for Saving Your Home: Arizona

    Published On: April 26, 2015

    Hundreds of thousands of people try to save their homes are defrauded by “mortgage modification” and other scams. Desperate people find themselves and their family on the street after trying [...]

  • credit reports

    Bankruptcy stays on your credit report even if dismissed

    Published On: April 21, 2015

    A Bankruptcy stays on credit report for ten years, even if the Bankruptcy was Dismissed (not completed). But is stays on your public record forever. Filing bankruptcy is like having [...]

  • house made of money

    CFPB Issues Guidance on Housing Counselor Requirements

    Published On: April 15, 2015

    Why Do Some Law Firms Act Like Used Car Sales Lots? The Consumer Financial Protection Bureau (CFPB) (4/15/15) issued a final interpretive rule on how to provide mortgage applicants with a list of local homeownership [...]

  • bankruptcy

    CFPB Launches Massive Lawsuit – Debt Collectors, Payment Processors and others

    Published On: April 9, 2015

    Debt Collectors Sued for Fraudulent Activities Debt collectors accused of harassing consumers about “phantom” debts. According to an article in the American Banker, by Rachel Witkowski ,  4/9/2015, The Consumer Financial Protection Bureau “CFPB” has [...]

  • A Student Aid Bill of Rights – March 10, 2015

    Published On: March 21, 2015

    Federal agencies to do more to help borrowers afford their monthly student loan payments. Why Do Some Law Firms Act Like Used Car Sales Lots? On March 10, 2015 the White House announced that President [...]

  • garnish wages

    Garnishment of Wages – Administrative Actions

    Published On: March 19, 2015

    A student loan company or SBA creditor can garnish borrower’s wages without first obtaining a court order. The answer is “yes” Many people ask whether or not a student loan company or SBA creditor can [...]