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Many credit repair companies using software for disputing are getting a response back from the credit bureau as FRAUD! This reason is simple, Jamming can cause harm to consumers and most of the software available can implement this approach of sending multiple letters  unless the consultant understands how to make

The American Bar Association issued a formal opinion that it was unethical for prosecutors to allow debt collectors to use prosecutorial letterhead when no member of the prosecutor’s staff reviews the file to determine if it is likely a crime has been committed. The most amazing thing about the opinion

The Consumer Financial Protection Bureau recently reported a shocking statistic: 43 million Americans have overdue medical debt on their credit reports, damaging their ability to borrow money or receive a good interest rate on a loan. Perhaps even more shocking is the fact that 52 percent of all overdue debt

Scores More People VantageScore boasts that its 3.0 model is more predictive and can score up to 30 million more people than other models. It accomplishes this by incorporating a broader set of credit-related data and reviewing credit activity from the past 24 months. In some cases, the model can

In response to the housing crisis in 2008, the New York State courts issued a series of rules designed to limit the ability of lenders, servicers and other financial institutions from obtaining default judgments of foreclosure on real property. Sensing a new crisis may be in the offing – creditors

It’s one of the worst forms of financial betrayal: your parent, sibling or child uses your information to get credit and then fails to pay the bills.  When the shock wears off, you may be stuck with a very ugly reality. Unless you are willing to turn in the perpetrator,

In most U.S. states, including California, home sellers must provide buyers with a written set of disclosures indicating what the seller knows about the property’s features, defects, history, and environment. A seller who hides a material defect can be sued later, when the buyer finds out about the problem (probably the

A valuable and groundbreaking source of data on wage garnishment has just been released by ADP, the nation’s largest payroll services provider. We immediately recalled a great paper by Rich Hynes about the paucity of wage garnishments in Virginia and Illinois in the mid-2000s. According to ADP, things have changed

Opinions vary on the issue of “how many” or the “right” number of credit cards you should have but one thing is certain, almost every single one of them is incorrect. The right number of credit cards has nothing to do with your actual number of credit cards and more