Ask Jack About Debt Management
Blog URL http://www.askjackaboutdebt.com/wordpress/
Located Boston, Massachusetts USA
Tags debt, debt solutions, debt help, debt management, credit counseling, credit, debt relief, foreclosure prevention, credit scores
A comprehensive resource for consumers seeking relief from personal debt.
Offers free practical advice and information relating to consumer debt.
Latest Blog Posts
- “Under water” mortgages hit new high. Consider a “short sale”! on Nov 25, 2009 in Foreclosure Mortgages
As the Wall Street Journal Reports, nearly one in four (23%) homes now have mortgages that exceed the value of their houses. They are “under water.” Of the 10 million-plus homes that are in this situation, more than 5 million have mor...
- Credit card regulation only partially effective thanks to loopholes and lag time on Nov 25, 2009 in Avoiding Scams Credit cards Regulations
Congress recently passed what one expert called a “Set of discrete new laws” to regulate the credit card industry (see our blog entry on Credit Card Rates Going Up for details, but as the expert said “….the industry instantly...
- More “cram downs” stopping foreclosures, but same players are making money on them on Nov 24, 2009 in Foreclosure Mortgages
The same people who sold you a subprime mortgage you couldn’t afford are now calling many homeowners threatened with foreclosure to make an offer they can’t refuse. They tell homeowners that they have bought the mortgage from the most r...
- Permanent mortgage loan modifications stymied by paperwork on Nov 13, 2009 in Foreclosure Mortgages Regulations
The administration has announced that its Making Home Affordable program, its major attempt to prevent wholesale foreclosures, has signed up almost 20% of those eligible. 650,000 borrowers have started a “trial loan modification” as par...
- Foreclosure prevention options expand again on Nov 10, 2009 in Foreclosure Mortgages
Fannie Mae has just announced a “deed for lease” program that will allow people who have been unable to arrange a mortgage modification that works, to if they wish, turn over their deed for a lease that will allow them to rent their house...
- Free Credit Report: Don’t pay for it! on Nov 5, 2009 in Avoiding Scams Credit
The government has required the three major credit reporting agencies to give you a free copy of your credit report once a year, and you can sign up to get them at www.annualcreditreport.com. But the finance industry has found many ways to convin...
- Credit card arbitration soon to be history? on Oct 14, 2009 in Credit cards Credit counseling Debt collection
The shenanigans of one of the leading credit card arbitration companies have embarrassed the credit card issuers and looks as if it will cause most of them to cancel arbitration contracts. Credit card issuers started setting up mandatory arbitration...
