credit repair: Walking Away from a Successful Business
- 01/01/11 08:28 PM
While 2010 has been challenging with baby Rebecca and William III joining their older sister Katherine in the Lewis household, decisions and choices for change in 2011 are proving an equal challenge. Between a growing family and commitment to several businesses and charitable causes, there is simply not enough time in the day. Struggling through tough economic times and an industry that is heavily scrutinized and frowned upon - the credit repair industry - decisions must be made. Does one continue working in an industry they have grown to hate? Does one sell the business with its perfect record and reputation … (3 comments)
credit repair: Strategic Default and the FICO or VantageScore
- 12/04/10 10:14 PM
Strategic default is a conscious decision to walk away from a mortgage that is underwater. These defaults take lenders by surprise as borrowers often have excellent credit records and meet all of their other financial obligations. The point of a strategic default is to cut losses on a home that has substantially depreciated in value and negative equity that can never be recovered. Considered as a viable strategy for managing troubled assets in an era of record foreclosures, high unemployment, and government bail-outs, millions of Americans are considering strategic default or strategic foreclosure. With almost 28 percent of all mortgages underwater, … (0 comments)
credit repair: Consumer's Guide to Credit Reports and Credit Scores
- 11/13/10 09:14 PM
Attention is focused on new financial regulations enacted as part of the Dodd-Frank Act. Earlier this year, the Federal Trade Commission announced final rules requiring creditors to provide consumers' with a "risk-based pricing notice" when granting credit on less favorable terms than it provides other consumers. To assist consumer understanding of these new rules, the U.S. Federal Reserve has unveiled an online guide to credit reports. This straight-forward guide includes information on credit reports and credit scores, how they are utilized in credit granting decisions, unsolicited credit offers, credit repair and how to protect your personal information from fraud. Released on … (1 comments)
credit repair: Foreclosure defense: Process servers allegedly filing false affidavits
- 11/06/10 06:31 PM
Recent reports indicate that approximately 462,339 foreclosure cases were pending in Florida as of June 30. Following foreclosure moratoriums by Ally Financial, Bank of America, J.P. Morgan Chase, and PNC Bank, the settlement of deceptive marketing charges by Wells Fargo, and the Attorney General's investigation into faulty foreclosure practices at the Florida Default Law Group, the Law Offices of David J. Stern, P.A.; the Law Offices of Marshall C. Watson, P.A.; and Shapiro & Fishman, LLP, investigators have turned up a new problem. Process servers are now alleged to have filed false affidavits in support of personal service in foreclosure matters. … (3 comments)
credit repair: Mortgage and Foreclosure - Florida AG joins Mortgage Foreclosure Multi State Group
- 10/16/10 10:09 PM
Attorney General Bill McCollum announced last week an ongoing effort to rein in mortgage servicers and protect Floridians from purported deceptive and unfair practices. Along with 49 other attorneys general who are part of the Mortgage Foreclosure Multi State Group, McCollum is leading an effort to stop mortgage loan servicers from submitting alleged false affidavits in support of mortgage foreclosure actions. Homeowners, attorneys and investigators have long alleged that many of the affidavits contained within mortgage foreclosure complaints have been signed without personal knowledge of the facts asserted within them. Having recently come to light is the fact that many of … (2 comments)
credit repair: Beware of Fake Debt Collectors - FDCPA May Not Protect You
- 06/28/10 12:29 AM
Over the last several decades, America has truly transitioned into a debtor society. Despite tough economic times, consumers are more likely to borrow than they are to delay when making a purchase. With consumers having financial obligations to multiple institutions, keeping accurate records and documentation can become a challenge. Opportunistic con artists posing as "fake" debt collectors recognize this as an area of vulnerability and are more than willing to use it to their advantage. These fake debt collectors speak English with a foreign accent and call themselves "Affidavit Consolidation Services," Criminal Bureau of Identity," "U.S. National Bank," "US Justice Department/Payday … (0 comments)
credit repair: Credit Restoration Consultants Seeks Commissioned Sales Representatives
- 06/11/10 08:18 AM
Credit Restoration Consultants, a Sunrise based credit service organization specializing in the restoration of consumer credit worthiness and identity theft - seeks a commissioned based sales representative. Detail-oriented individual with initiative wanted. Strong data entry skills required along with knowledge of Microsoft Office. Qualified candidate will be efficient, organized, and have strong sales experience. Job description includes the marketing of credit restoration services to credit challenged individuals and victims of identity theft. Initial leads and lead sources are provided with no cold-calling required. Preferred candidiate should have experience in the Microsoft suite of products, reading/coding of credit reports and the consumer … (0 comments)
credit repair: US Supreme Court Rules Against Debt Collector
- 04/25/10 01:59 AM
Debt collectors can no longer claim ignorance of the law as an excuse for violating the Fair Debt Collections Practices Act (FDCPA) while attempting to collect a debt. On Wednesday, the United States Supreme Court handed down a ruling that severely restricts the "bona fide error" defense under the Fair Debt Collection Practices Act for debt collectors that send erroneous collection notices. In a 7-2 ruling, the high court ruled that collection law firms could not use misinterpretations of the law in a "bona fide error" defense under the FDCPA. In the matter of Jerman v. Carlisle, McNellie, Rini, Kramer & … (0 comments)
credit repair: Loan Modification Licensure in Florida - an Industry No Longer Without Regulation
- 01/06/10 01:18 AM
The days of simply opening up shop and starting a loan modification business have come to an end in Florida. Individuals or businesses providing loan modification services must now be licensed as a mortgage broker by the Florida Office of Financial Regulation (OFR) in order to conduct business. The Florida legislature recently passed Senate Bill SB 2226. This law makes significant changes to Florida's mortgage brokerage law - Chapter 494, Florida Statutes - effective January 1, 2010. In particular, the new law specifically covers negotiation of existing loans as being part of the duties of a mortgage broker. As such, any … (0 comments)
credit repair: Credit Card Act of 2009 - A Primer to Basic Consumer Protections
- 01/05/10 04:36 AM
In an ideal world, one would not worry about the recession, high unemployment rates, the foreclosure epidemic and the never ending debt load carried by the average American. In what has been commonly referred to as the "Year of the Consumer," 2010 has a lot to offer in the way of federally mandated "changes" as it relates to the credit card industry. With less than 30 days until enactment of The Credit Card Accountability, Responsibility and Disclosure Act of 2009 creditors and financial institutions are doing their very best at circumventing the new law, also known by its short title - … (0 comments)
credit repair: Your Good Name and Credit Reputation are Important in Tough Economic Times
- 09/05/09 11:20 PM
In an ever worsening economy your good name and reputation within the community is becoming more important. Creditors have tightened their guidelines effectively barring millions of Americans from borrowing money. Even those with excellent credit are experiencing reduced credit limits and closed equity lines. Mortgage lenders, auto finance companies, credit card issuers and banks have all raised the bar. Borrowers with low credit scores can expect to be denied or to pay significantly higher interest rates than those with excellent credit. Long gone are the days of obtaining credit, goods, benefits, services and/or employment with a 620 credit score. In more … (0 comments)
credit repair: A Tale of April Fool's at AM 1470 WWNN
- 04/03/09 07:34 AM
A tale of April Fool's at AM 1470 WWNN didn't go over well with morning drive hosts Steve Kane and Brian Craig of the "Steve Kane Show" in south Florida. From the radio waves to the telephone lines, an April Fool's prank played by fellow host Bill Lewis of the "Credit Restoration Consultants Hour" didn't sit well with Steve and Brian. In a joke that spanned almost a week, it was only on April 2nd that fellow hosts and listeners alike learned that Bill Lewis had not left the station and his long standing show on financial issues. Although not a … (0 comments)
credit repair: Need Credit Repair? Check Out Credit Repair Expert Bill Lewis on Streaming Audio
- 08/08/08 11:10 PM
Do you have bad credit? Are you in need credit repair? Care to repair your own credit or even hire a credit service organization? Before you do so, you should tune into the Credit Restoration Consultants Hour with credit repair expert Bill Lewis. Bill can be heard weekday's on the 9's - both 9:00 a.m. and 9:00 p.m. eastern time - on AM 1470 WWNN. For those listening online, streaming audio can be accessed at www.CreditRestorationConsultants.com by clicking on the listen live link. Credit Restoration Consultants is a credit service organization specializing in the restoration of consumer credit worthiness and identity … (0 comments)
credit repair: Stop Collectors with a Cease and Desist Letter
- 08/08/08 11:02 PM
Debt collectors are highly motivated to convince debtors to pay the debt because they frequently work on a low base pay plus commission. This business model has created the reputation for bill collection agencies that we know today.The collector might engage in threatening behavior and harassment. However, like any other business they are governed by laws that prohibit certain abusive practices.There are three reasons for a debt collector to contact you: your creditor has not received a payment from you within the time frame discussed in the contract; you are a victim of an identity theft meaning someone used your identity … (0 comments)
credit repair: Micro-Mini Version of the Credit Restoration Consultants Hour
- 08/08/08 11:00 PM
Have bad credit? Need credit repair? Care to repair your own credit or even hire a credit service organization? Before you do so, you should tune into the micro-mini version of the Credit Restoration Consultants Hour with credit repair expert Bill Lewis. Are you unable to tune into Bill's regular show on AM 1470 WWNN weekday's on the 9's - at both 9:00 a.m. and 9:00 p.m. eastern time? If so, tune into the micro-mini version of the Credit Restoration Consultants Hour each and every morning at 6:30 a.m. eastern time on WSBR 740 AM, south Florida's only Money Talk station. For those listening online, … (1 comments)
While 2010 has been challenging with baby Rebecca and William III joining their older sister Katherine in the Lewis household, decisions and choices for change in 2011 are proving an equal challenge.
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