Category Archives: Bankruptcy
Bankruptcy Can Protect the Unemployed From Foreclosure, Advise Chicago Attorneys
The foreclosure saga continues. This week, the Washington Post reported that unemployment has officially overtaken subprime mortgages as the leading cause of foreclosure. An estimated 1.8 million homeowners could lose their house to the bank this year, compared to last year’s 1.4 million. Folks without jobs have an extra hard time qualifying for loan modification… Read More »
Atlanta Attorneys Say Unemployment Doesn’t Have to Equal Foreclosure
When an acquaintance of mine lost her job, her first priority was to continue feeding her kids. Her second priority? To find another job – so she could continue feeding her kids. Needless to say, she spent most of her time searching for work and none too much time worrying about the mortgage. The good… Read More »
Credit Card Companies Squeeze in Changes Before Consumer Protection Law Takes Effect
A new credit card act that’s supposed to protect the consumer might be having some unintended side effects. Here’s the deal. Starting in February 2010, credit card companies will become limited in how and when they can charge fees and make terms changes, thanks to the Credit CARD (Card Accountability Responsibility and Disclosure) Act. But… Read More »
More Credit Card Issuers Are Switching to Variable Rates In Anticipation of New Law
There’s a new law to protect consumers on the horizon – and credit card companies aren’t exactly taking it sitting down. In anticipation of next year’s Credit Card Accountability Responsibility and Disclosure Act – which aims to end hidden fees and unfair term changes – credit card issuers are looking for last-minute ways to squeeze… Read More »
Cash for Clunkers Might Not Be Such a Good Deal
It’s official – the Cash for Clunkers program is a hit. But while that might be good news for the ailing auto industry, it’s not necessarily good news for consumers. In case you’re not familiar with the program, here’s how it works. When you turn in a low-mileage vehicle for one that meets higher-mileage guidelines… Read More »