Dr. Debt says: "Bankruptcy should be a last option. Please, before doing anything drastic with your finances or your future, seek professional advice."
Information
- Location:
- Las Vegas, NV, 89146
- Phone:
- 1-888-332-8287
Dr. Debt
California has passed a new law, effective immediately, which prevents Loan Modification Firms from collecting advance fees. This new rule applies to lawyer-driven firms as well. If you are considering a loan modification, regardless of whether or not you are in CA, please do your research. There are alot of compani...es out there doing loan mods, and not all of them are on the up-and-up. If you have any questions about loan modification, as always, feel free to ask. The full release is below.Read More
Source: www.loeb.com
California Enacts Law that Prohibits Collecting Up-Front Fees from a Consumer for Loan Modification or Mortgage Loan Forbearance Services
Dr. Debt
For those of you who haven't seen the news, American Debt Arbitration has lost a suit filed by the New York Attorney General's office. My heart goes out to all consumers defrauded by this organization and I extend a hearty thank you to the AG for revealing the true practices at ADA.
Again, before choosing a debt settle...ment company, please check their references with the BBB (http://www.bbb.org) and find one with an A+ rating.Read More
Again, before choosing a debt settle...ment company, please check their references with the BBB (http://www.bbb.org) and find one with an A+ rating.Read More
Source: www.buffalonews.com
A State Supreme Court justice has fined a national debt settlement company $200,000 for defrauding consumers and issued an order barring it from operating in the state unless it posts a $500,000 performance bond to protect consumers. ...
Dr. Debt More than 500 debt collection firms / creditors were sued in August for violations of the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). This brings the total number of credit-industry related suites this year to over 6,000. Do you know your rights under FDCPA and FCRA? If you have questions regarding either, please feel free to ask. Don't let them push you around!
Dr. Debt Recently, I have been receiving quite a number of inquiries regarding commercial debt. Many business owners are struggling to keep their heads above water. My firm is currently running a survey about business debt which we hope to have published in the next Chamber of Commerce newsletter. If you know any business owners who are struggling with debt issues, please PM me so that I can include them in our survey.
Dr. Debt Parents: As your children head back to college, please warn them that the Credit Card companies will be out en masse this year trying to recruit every freshman they can. The reason for the uptick in marketing? Next year, the CARD act will prevent anyone under the age of 21 from opening an individual credit card account (though joint accounts with a parent will still be allowed).
Dr. Debt
Don't forget that Dr. Debt facebook fans get free access to Quicken Online. It is a great way to track your spending, consolidate your accounts and even preps you for tax time!
To open a free account on Quicken Online, follow the link below.
Dr. Debt Reminder that the first phase of the Credit CARD act of 2009 goes into effect tomorrow. What this means for you is that creditors must send out bills at least 21 days in advance of the due date and they must notify you 45 days in advance before making any changes to your account terms. Also, if you cancel a credit card because they wanted to change the terms, this can no longer negatively effect your credit score.
Dr. Debt Yesterday, we received a letter from Nevada Commissioner Lorraine Hunt-Bono congratulating our company for being one of three finalists for the Small Business of the Year award, given out by the Las Vegas Chamber of Commerce. Needless to say, our fingers our crossed. We recognize being a finalist as a great achievement but we really hope to win!
I am proud to announce that Dr. Debt is now affiliated with Intuit, the company that provides excellent money-tracking software such as Quicken and Quickbooks as well as other finance-related software. Because of this new affiliation, I'm happy to tell you that all Dr...
If you choose to embark upon your own debt relief program, Dr. Debt has put together this 20 step guide for doing it yourself. By following this simple plan, most do-it-yourselfers can achieve the financial freedom they desire...
Dr. Debt Once again, I will be a live guest on The Money Factor this afternoon (4-5pm Pacific Time). Today's topics will be how people get into debt and debt avoidance. The show is streamed live over the internet, and I encourage you all to tune in. There will also be an opportunity for to call in and ask me questions directly. Enjoy the show!
Source: 970knuu.com
The Money Factor with David Bach airs Mondays from 4pm to 5pm Pacific Time. Listen to the live stream here at KNUU.
The New York times today wrote an article about the new changes the FTC is recommending for debt settlement firms. You will note that Dr. Debt and DebtBusters fully support these changes, which include advertising, disclosure and billing guidelines...
RECENT ACTIVITY
Dr. Debt discussed College Students and Credit Cards on the Dr. Debt discussion board.
Dr. Debt discussed New FTC Rules regarding Debt Settlement Practices. on the Dr. Debt discussion board.
