What to do when you receive a Notice of Wage Garnishment and you have just started a new job? One of the effects of the pandemic was to shut the debt collection industry for a month or more when things just started. The inability to put people in their little Stalinist cubicles close together in…
The light is at the end of the tunnel, and the vaccines are eventually going to kick in enough to make a real difference and get us back to a ‘normal’ life, whatever that means. What I am reading from the science and medical journals is that we really cannot expect this pandemic to wind…
Debt Collection is $14.5 Trillion Industry as of 2019 and it’s growing. Laws protect consumers by regulating how businesses and consumers handle the credit and debit transaction business. That way both the company and the consumer get fair treatment. By understanding the laws, you are better able to protect yourself. For the consumer, laws work…
The debt collection industry is a huge deal. It is a multi-billion dollar industry and over 90% of consumers have to deal with at some point during their lifetimes. When the debt collectors violate those rules, they can cause havoc to people’s lives. The same violation also creates an opportunity for consumers to sue the…
Your financial future depends on what’s in your credit report. Your ability to get a job, rent a place to live, get a loan, and a credit card are all dependent on having an accurate credit report free of errors. Credit report violations can be devastating. The Fair Credit Reporting Act of 1970 (FCRA) gives…
This post comes to you on the Sunday before the national election for the United States president. Happy Halloween! Today we examine areas that are likely to impact many homeowners and consumers in the coming weeks and months: the CARES Act and debt collection. I’ve written earlier this year about forbearance with the CARES act…
Josh, why do you do what you do? And, more importantly, how can that help me? Everyone of us are dealing with what I call the “Hedge Fund Society” … the society making its money by sucking the lifeblood from the rest of us. The Top 1% of Americans Have Taken $50 Trillion From the…
Division of Consumer Affairs The Division of Consumer Affairs is part of the state government and it is intended to devote its time to protecting New Jersey consumers from all kinds of financial abuse, including foreclosure. On foreclosures, at least, they really do not do a very good job of it. Some of their advice…
The unfolding of my career has made me a witness to individual stories of emotion, challenge, and courage. This is a brief story about a family in a crisis as a result of a foreclosure case through no fault of their own. The takeaway is that even in the midst of great difficulty, we can…
How and when can mortgage servicers file foreclosure complaints right now? This video goes over the federal and state rules and regulations that are governing how and when mortgage services can prosecute their alleged rights against people in default on their homes. For government backed loans, as we explained in our last post, you cannot…