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…
The three things you must do to protect yourself and your home in 2021 As I have already explained in a separate blog explaining the federal foreclosure moratorium and how it was being implemented by the three types of mortgage servicers, foreclosures are going to restart in 2021. If you have not taken advantage of…
So there is plenty of bad news these days, but we are starting to see some good news, right? Like the most recent news about the government foreclosure moratorium. On a personal note, we have a Covid exposure scare. Our youngest son’s girlfriend came into contact with someone who tested (falsely) positive. It took a…
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…
With the CARES Act you are entitled to a forbearance of your mortgage. That is a year of no payments, no bank penalties, no bank fees … no foreclosure and no sale. A year for you to get back on your feet, make important life decisions and maybe, modify the loan when you are able…
October, 2020 – Are the Foreclosure Courts Open? The short answer is: 1) Yes, the foreclosure courts are open, but 2) there still are no sales going on in any County, 3) there are still no removals/evictions and 4) no foreclosure complaints will be filed for FHA backed mortgage loans until, at least December 31,…