Is GE Leaving the Credit Card Industry?
From the desk of San Francisco lead attorney Alison Cordova: The Wall Street Journal reported that General Electric Company (GE)...
Credit Debt on the Rise Again
So far in 2014, according to the Federal Reserve, non-revolving credit (such auto loans and personal loans) grew in January...
Good News for CA Victims of Wrongful Foreclosure
California's recently enacted Homeowners Bill of Rights may bring good news for homeowners that were victimized by a wrongful...
Are Medical Bills The #1 Culprit in BK?
Unpaid medical bills are expected to be the number one cause of bankruptcy filings in 2014, surpassing both credit card and...
Sub-Prime is Back: Wells Fargo Lowers Credit Score for FHA Loans
Isn't this how the last real estate crisis happened? Offering credit to those who really didn't have the necessary credit...
Are New FICO Credit Score on the Way?
FICO announced that it would release its latest credit scoring model called FICO Score 9 this summer. The last time FICO released...
Is Big Debt Collector Portfolio Recovery in Acquisition Mode?
Apparently. Business must be good for debt collector Portfolio Recovery. In fact, it is so good they are buying Aktiv Kapital...
Record High for Auto Loan Balances!
According to Experian Automotive, auto balance loans hit a record high at the end of 2013. The total outstanding auto loan...
Is Debt the Quintessential American Experience?
According to ABC news "Debt is the quintessential American experience these days." It is a four letter word that can ruin your...
Debt Collection Lawyers Censured For Unethical Behavior
Last week in New York, a court upheld misconduct charges against a debt collection firm for its unethical practices. The main...
Is a Surge in Foreclosures Looming?
Many states reported a decrease in the amount of finished foreclosures, California being one of them. However, this does not mean...
Is Consumer Debt on the Rise Again?
Yes, sadly. US household debt rose by 2.4% or $241 Billion in the last quarter of 2013, which is the biggest jump since 2007....