Consumer Finance and Foreclosure Articles

• The Mortgage Forgiveness Debt Relief Act of 2007
  In December 2007, the federal government enacted the Mortgage Forgiveness Debt Relief Act. The Act was meant to provide tax relief to taxpayers who had debt … More
• Wage Garnishment Orders Cannot Garnish It All
  A wage garnishment order is an order by a court to automatically take a set amount of money from a person’s paycheck and send that money directly to another … More
• The Truth About the Truth in Lending Act
  Since 1968, American consumers have been entitled to clear disclosure of credit terms and costs in lending agreements. It was in 1968 that Congress passed the … More
• The Fair Debt Collection Practices Act
  From time to time, many well meaning borrowers fall behind on their bill payments. It may be that the borrower has lost his or her job, has run into unexpected … More
• What is the Fair Credit Billing Act?
  At one point or another, everyone has had problems with billing on an account. Maybe you bought a new dining room table for which your credit card company billed … More
• Can I use a loan modification program in order to save my home from foreclosure?
  With mortgage foreclosures at an all time high, major banks across the nation have begun offering loan modification programs for people who are in danger of losing … More
• My bank is threatening to repossess my car. Can my bank do that?
  If you have failed to make your car loan payments as agreed, or, in some states, if you have failed to maintain car insurance, the bank or lender can repossess your … More
• What are credit counseling agencies?
  Credit counseling agencies may be able to help you if you are having trouble paying your debts. Credit counseling agencies also can be an alternative to filing … More
• What are my obligations if I co-sign a loan for another person?
  What should you do if your twenty-something son asks you to co-sign his car loan? While you love your son, you’re not sure if he will be able to make the … More
• The Federal Reserve Board’s New Credit Card Protections for the Consumer
  Are the days of unfair credit card practices over? While the credit card companies may mourn their passing, American consumers are seeking fair credit card … More