People Come First At Our Consumer Rights Law Firm
An elderly woman co-signed for her adult son on two credit cards and for a truck. Now the mother is stuck with $20,000 debt. What are her options? A 76 year old woman co-signed on two credit cards and a Toyota truck for her adult son. The son assured his mother that he would pay the bills. Instead, he charged…
You think you heard crazy and wacky. Wait to you hear these stories! A women in Rhode Island received $65 worth of flowers paid for on her own stolen credit card. This is even wackier. Jennifer Mercado was sitting on a Bronx, N.Y. jury in a credit card theft case when she stole a fellow juror’s credit card. The other…
There was a gathering of Debt Collectors in Atlantic City this week. There are more than 4,100 debt collection agencies in the US employing close to 450,000 people. This is expected to grow by 26% in the next three years. The average amount of recovery on a delinquent debt is 20%. That is down from 30 % decades ago. The…
Be careful. An ex-spouse can ruin your credit long after the divorce. We hear it all the time. There is a divorce decree that states that one spouse is liable for certain old credit card bills. Years later, that spouse discontinues making payments for whatever reason. The spouse that was not supposed to be liable for the account finds a…
In these unsettled economic times you cannot help but hear about the variety of scams inflicted upon people who are in debt because of unemployment or mortgage debt. Scammers offer fixes that are too good to be true or try to confuse you into giving them personal information in order to assist you. One recent scam concerns collectors of supposed…
If you are currently looking for employment or considering applying for a new job, you must consider your history – all of it. Gizmodo took 6 of its employees and had Social Intelligence run background checks. Social Intelligence uses your Internet and social media history to run background checks. You should check out your credit report and dispute any errors…
What is FICO and how does it help my credit score? FICO is Fair, Isaac and Co., founded by engineer Bill Fair and mathematician Earl Isaac in 1956. It was created to help department stores and gas station chains decide when to extend in-house credit cards to customers. FICO has become the benchmark of the credit score. FICO is a scoring…
If your credit score took a beating because your house went into foreclosure or you filed for bankruptcy, do not despair. The good news is that a bad credit score is not permanent. It can be fixed. It can take 7-10 years for improvement, but it might be faster if you are proactive. If you foresee a credit disaster, map…
Many consumers have the same problem – paying their bills. Needless to say, this is a common problem when unemployment is at an all time high. Americans are struggling to pay their bills, the ones who are lucky enough to have jobs are working hard to keep them. No one wants collection calls at work threatening their employment. But if…
Credit reporting agencies, or what are commonly known as credit bureaus, including Trans Union, Equifax and Experian, have from time to time been known to report inaccurate information on credit reports. Inaccurate information can lead to a loss of credit by either a denied application, or by a current creditor closing or reducing a line of credit. The Fair Credit…