The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 changed the way bankruptcy courts now handle the repossession of a secured asset. The Kansas State Supreme Court recently upheld the new law in Hall vs. Ford Credit, mandating the debtor had to reaffirm his vehicle if he wanted to keep it, despite remaining current on all his car payments.
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Tags: Bankruptcy, Bankruptcy Law
Credit card interest rates fell this week, according to the CreditCards.com Weekly Credit Card Rate Report — just the second drop since March.
The national average annual percentage rate (APR) on new card offers dipped to 14.75 percent. It’s only the fourth decrease in the weekly national average this year.
The national APR average on new credit card offers decreased this week after CreditCards.com removed Citi’s Shell Platinum MasterCard from its database. According to the card’s website, applications are no longer being accepted for the card.
Citi spokeswoman Elizabeth Fogarty confirmed that the card was not currently being marketed while Citi and Shell prepare to launch a new Shell MasterCard Rewards program. Read more…
Tags: Credit Card, Drop, Rate ReportAs the host of A&E’s “Hoarders,” Matt Paxton and his iron-stomached clutter crew dare to enter the physical and emotional lives of hoarders who have spent years, even decades, burying their emotional pain by filling their homes with obsolete electronics, QVC jewelry, periodicals, unworn clothing, dead pets — and even their own bodily waste.
In his first book, “The Secret Lives of Hoarders: True Stories of Tackling Extreme Clutter,” Paxton shares the journey as he and his Richmond, Va.-based Clutter Cleaners encounter a giant “rat’s nest” that contained more than $13,000 in cash, a home with two rooms buried in Blondie memorabilia, a vast cache of mermaid pornography and the unfathomable sight of 25 years of unopened mail.
Paxton, a recovering gambling addict, has becoming something of a catcher in the rye to those who may be headed down a similar path. “I was at a book signing the other day and a lady came up with a stack of five books, and I had to make her put four away,” he says. Read more…
Tags: Hoarders, Matt PaxtonLaw has providde a relief route to the people who have their financial world turned upside down. By filling for bankruptcy, they can get themselves rid of of the creditors’ harassment. You can discuss with your lawyer how strong your case for bankruptcy is.
Higher you go, faster you fall. That doesn’t mean you must not attempt to go higher. It just suggests you must know to hold your free fall in case that happens.
Well, I’m not a hiker and this advice is not for rock climbers. I’m a bankruptcy lawyer, doling out my free advice to businesspeople who could commit a blunder or two in their business decisions and commit commercial free fall. We are the ones who hold their free fall then, bailing them out of seemingly powerless, hopeless, helpless situation.
In my city Chicago, where I extend relief to creditor harassed businesspersons, I have seen so many people struggling with the yoke of financial debt. So, if you are also under the debt of unmanageable debt, take breath for you are not alone. Read more…
Tags: Bankruptcy, Bankruptcy LawyersUsing the online help from a non profit debt consolidation is one of the best ways to consolidate credit card debt. But finding a company that can provide free services like the nonprofit organizations in your area can be a difficult task. So there are some steps to take which guarantee the best service of debt consolidation to overcome the threat of debt.
An experienced financial professional service is designed to solve your problems. Qualified specialists can help you get an effective rate of credit debt consolidation loans. The interest rate is low, what makes your monthly obligation more affordable. You have to spend a lot of money each month to meet the monthly bill. Finding the right professional can be difficult. What you can do is start looking around the web to organize and learn more about your debt. Read more…
Tags: debt consolidationCan a collection agency really refuse my payment? I have a debt I can’t pay in full. I’ve tried to work with them and offered to make monthly payments. They keep telling me they will not accept anything but the full balance. Ignoring what they told me on the phone, I sent in a partial payment in a money order because I know they didn’t accept personal checks.
A short time later, they returned my money order with a letter stating they do not accept partial payments. They will only accept the full balance or take me to court to garnish my wages. I was shocked. Can they really do that?
I just don’t understand why collections would refuse any payment that was being offered. I understand they want to get the largest amount paid to them as they can possibly get, but to actually return a payment? Wow, that’s hard core! —
Collection agencies can and do refuse payments. There’s no law saying they have to accept a check or money order.
Tags: Payments