As bankers gathered in Chicago this week, thousands of consumers from across the country showed up in Chicago too. Protesters are calling on these banks who received billions in our taxpayer bailout money to help consumers who have fallen...
October 2009 Archives
A Phishing email is designed to appear both urgent and legitimate. It may appear to come from your bank, credit card company, cell phone provider, or as in many cases -various government agencies. The spammers will often encourage you...
If you have a computer, then you have web tracks -a/k/a footprints. What are they? Web tracks or footprints are those tiny traces that remain on your hard drive after you have used the Internet to read your mail, chat...
Free credit reports -where? When was the last time you saw a television commercial or a public service announcement advising you how to get copies of your free credit reports? And I don't mean those non-stop catchy rhyming jingles singing...
Image via WikipediaForeclosures vs loan modifications: Which costs mortgage servicers more? That question is answered in this below eye-opening report authored by Diane E. Thompson of Counsel, at the National Consumer Law Center . Why Servicers foreclose when they should...
There's a lot of talk lately over banking policies, rising fees and interest rates. The House Financial Services Committee is holding hearings and reviewing a number of proposed bills that involve further controlling the credit card industry. Everything is on...
Many homeowners continue to get the run-around as they look for the elusive loan modification from their lender. A loan modification is simply a new mortgage that will help borrowers reduce their sizable monthly payments by reducing the interest rate...
Even in a good economy, the debt collector comes knocking. However, in a bad economy, he knocks a little bit louder and a lot longer. As the unemployment rate climbs and fewer people can make good on their debts -debt...
Scam victims lose more than just their life savings - they lose their sense of security, their self-worth, and their inner peace. According to the National Institute of Justice, more than 24 million people will become victims of fraud this...
By all accounts, big banks continue to be the target of growing public outrage. They keep pitting Main Street against Wall Street and alienating the public in the process. It is easy to find current examples of this outrage...
Laptops are a growing target of thieves and with skyrocketing laptop usage, the number of laptop thefts will continue to rise -and so too will the number of identity thefts. In fact, various manufacturers of GPS tracking software for laptops...
A lot of Twitter users, myself included have been bombarded with Twitter direct messages -that appear "is this you?" or "lol this vid is funny" -each come prompting you to click on the attached link. Don't do it. The links...
There are a lot of common misconceptions surrounding the credit repair process. Apprehension about making the wrong moves when it comes to trying to raise our credit scores or fix negative credit reports often cause many to take no action...
Last week the House Financial Services Committee held hearings on two credit card reform bills, H.R. 2382, The Credit Card Interchange Act of 2009 to reform interchange "swipe" fees and H.R. 3639, The Expedited CARD Reform for Consumers Act of...
Image via WikipediaYou may think you are downloading a game -but you may be downloading malicious key-logging software that has the ability to intercept email and SMS text messages, allow hackers to listen-in on voice conversations and even track your...
I've written a lot about the proposed CFPA an agency whose sole mission would be to protect consumers when they take out loans or use other financial products or services. And it's no secret the financial industry strongly opposes such...
October is National Cyber Security Awareness Month sponsored by the Department of Homeland Security. And today nearly 100 people were charged in the U.S. and Egypt as part of Operation Phish Phry, one the largest cyber fraud phishing cases to...
This is yet another story from a frustrated homeowner who found herself stunned that she is caught up in a mortgage servicing nightmare. Here is a public plea and video messageTo: West Coast Servicing, Huntington Beach, CA From: Sue D....
Florida Attorney General Bill McCollum launched a Mortgage Fraud Task Force back in 2007 after being inundated with complaints about mortgage and foreclosure rescue fraud scams. Since then, the Task Force has reviewed information pertaining to the business practices of...
How strong do you set your passwords? If you are like most computer users, not strong enough. If you use an easy-to-guess password, criminals can easily find their way to your banking records, email accounts and computer files. Keep your...
Without much fanfare the new rules governing home mortgage loans went into effect yesterday, October 1st, 15 months after the new rules were issued. Beginning yesterday, lenders must now must evaluate a borrower's ability to repay the loan, must verify...
Thousands of 7-Eleven franchisees across the country asked customers to support their neighborhood stores by signing petitions calling for Congress to pass legislation that prohibits credit card networks and card-issuing banks from charging unfair transaction fees. (Video below)Yesterday, 7-Eleven delivered...
University of North Carolina at Chapel Hill has reported a hacker breached data on one of its servers that places 236,000 woman at risk for identity theft. The woman were participating in a mammography study in North Carolina. Among the...
A memoir exposing the steep price consumers pay when facing mortgage servicing errors, inaccurate credit reporting, illegal debt collection practices, identity theft and weak consumer protection laws. THE BOOK » DENISE'S STORY »
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