Last week we were treated with the news of another multi-billion dollar loss suffered at the hands of one of the largest and most respected banking institutions in the world, JP Morgan Chase. While the loss of $2 billion may turn out to be nothing more than a blip on JP Morgan’s financial statement, it is a stark reminder of how inexplicably linked we, as taxpayers, are to the fortunes of banks that are “too big to fail.”
Although JP Morgan is not about to fail anytime soon – they will easily be able to absorb the loss – the incident has fueled the fires raging over the need for more bank reform which, thus far has done little to stem the systemic risks that led to the financial crisis in 2008. In fact, i
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We sue debt collectors and creditors a dozen times a month for doing illegal things to our clientsbefore bankruptcy or after the bankruptcy.
We dont make a lot of money doing that. But I think big companies can act like small childrenthey do what they can get away with. I dont let them get away with much when it comes to my bankruptcy clients. Thats part of my job as a lawyer.
Bankruptcy Lawyer Mark Sullivan beat Navy Federal in court, when Navy Fed claimed their collection calls were “merely administrative.”
Most times, once we sue them, they apologize, and send us a check; and we agree not to bad mouth them. (I cant write about those.)
Last year, March 2011, Navy Federal decided to fight us. (Nav
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Bad credit repair is an excellent solution to your financial problems and there are many ways you can go about repairing your credit yourself. The most important thing is that you have made the decision to begin your journey toward financial freedom.
When you make a decision toward bad credit repair you are being smart. Getting denied for credit from companies can be tough on you. You might be wondering why you always get the highest interest rates on your credit lines. Have you looked at your credit lately? You might need to do a little repairing on your credit. Once you have repaired your credit then you will be in a situation where you can pick and choose who will give you a line of credit.
You can hire someone with the understanding that everything they will do for you, you can learn how to do it yourself. Also if you do hire someone, check there credentials. Read more…
Economic collapse survival: financial survival for doomsday preppers: Last month a new show premiered on the National Geographic channel called Doomsday Preppers, about the lives of otherwise ordinary Americans who are preparing for the-end-of-the-world-as-we-know-it (TEOTWAWKI). To be clear, this is not about setting up a one week shelter to survive a natural disaster, such as an earthquake or a hurricane. These 
people are preparing for Armageddon. And, while that may seem extreme to some people, maybe even nutty, the doomsday that looms for them may not be far off for the rest of us. I
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Your Credit Score What is it and Why is it Important
Your credit score is perhaps one of the most important numbers in your life and chances are you don’t even know it. Many Americans are waking up to the fact that every late payment, every unpaid loan and every repossessed asset they have is causing long term damage to their financial health.
All of your major financial dalliances are recorded in your credit report and reflect on your credit score so that anyone wanting to engage in financial transactions with you can have a measure of the risk that you pose. Most often, it is the lenders who make use of your credit score to get an accurate picture of your financial capacity and repayment ability before they approve a loan you have applied for. What is a credit score
Your credit score is a numerical representation of your financial health. I
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Those who are looking for credit need to know that the lenders they are going to apply to for credit or loans have a lot more information at their disposal than they had previously. This information makes decision making related to an application much easier. With all the available information it is far easier to decide whether an individual is creditworthy or not. The credit report of an individual will actually determine whether they would get a loan for house or even a car. Moreover, the credit report will decide what the rate of interest would be for the loan.
Presently, a different kind of report called CoreScore is being introduced, containing information which is deeper than in previous cases. The CoreScore information will tell a lot about your past and whether you have handled all your dues and payments including rents properly.
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Credit repair is something most people need at some time or another. You apply for a loan and you suddenly find out that you have bad credit and you cant get a loan without a huge interest along with it. If you are ever faced by such a situation, you need immediate credit repair advice. The first thing you need to know is whether you want to take care of your credit repair by yourself or leave everything to professional services like Accurise, where all your problems are handled efficiently and you also get post credit repair advice on how to save your money while paying off your debts as well as afterwards, so as to refrain from making the same mistakes again.
The first piece of credit repair advice that you should follow is to know the extent of damage. Accurise can help you with your credit report and show you where the problem areas are. Read more…
There are few things in life that bring as much angst as it does excitement than buying a car. And, in this day and age of tighter budgets the debate rages on in our heads over whether it’s better to buy a new car vs used car. We’ve all heard the argument of driving a brand new car off the lot and immediately losing thousands of dollars of value through depreciation, which is an awful lot of money for that new car smell.
On the other hand, we’ve heard plenty of nightmare stories of used cars turning into money pits. We buy our cars for their safety as well as the pleasure they give us, but we also want to make sure we are getting the best value for our money. ![]()
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How Debt Settlement Affects Credit Report – By: Joy Mali M
You may be thinking about debt settlement so you can get rid of the burden but before you make that move, consider the consequences associated with it.
It is true that you are concerned with settling your debt in order to have a flawless credit report but before you take any step in this direction, you have to understand some facts about debt settlement and how it can affect your the credit score.
The following facts will show how you can effectively settle your debt:
Debt settlement impacts on credit report
It is true — debt settlement lowers credit score. But creditors lose when they agree for debt settlement since you pay only a portion of the debt as settlement. This is also viewed as bad and lending agencies consider this as negative on your credit statement. Read more…