Everyone intends to be responsible with credit cards, and make good decisions about personal debt, but sometimes it is just not possible to repay unsecured debt. Each state has a unique set of rules for the filing of bankruptcy, but in general, Chapter 7 bankruptcy is intended as a means for consumers to vastly reduce, or eliminate credit card debt or other revolving unsecured debts, including medical bills.

According to Payday Wizard, 2262 County Court Judgements (CCJ’s) were issued every day during 2008. A CCJ is an adverse credit ruling by a County Court with respect to the non-payment of debt. Adverse credit will be registered at all credit reference agencies for a missed or late payment. It can be difficult for those […]

Consumer Warning Network has advice for homeowners faced with foreclosure: Ask the judge to compel the bank to produce the mortgage note. While production of the mortgage note in a foreclosure case may seem routine, Consumer Warning Network is telling consumers that many banks can’t produce their mortgage notes. And without the notes, banks can’t […]

Scavenger debt collectors are companies that purchase old debts for pennies on the dollar and attempt to collect that money, sometimes after the statute of limitations has expired. Since the original creditor does not believe he can recoup the loss, he sells it to a scavenger collection agency and cuts his losses. Unfortunately, debt-collection scams […]

There are a number of companies offering rapid credit repair or even a brand new credit report, but neither of these are genuinely possible. Credit repair is a multi-million dollar business. The reality is that the majority of problems can be corrected gradually without any external help. New Credit Reports are Not Legal Credit score […]