Monthly Archives: October 2012

DOES HIRING A LAWBREAKER TO HELP YOU OBTAIN A LOAN MODIFICATION MAKE SENSE?

The Consumer Financial Protection Bureau (CFPB) has filed an action against a law firm regarding it participation in a loan modification program. The allegations are numerous including making promises about the ability of the consumer to obtain relief and provide … Continue reading

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CAPITAL ONE ADMITS WRONGDOING AND PAYS A LOT OF MONEY

Many people are calling for the abolition of the Consumer Financial Protection Bureau (CFPB) which was only recently formed. Why would an agency, charged with the protection of consumers and charged with deterring deceptive practices by lenders be opposed by … Continue reading

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WILL MORTGAGE FORGIVENESS HURT MORE THAN IT HELPS?

A settlement has been reached between several of the mortgage companies and the United States Government regarding bad lending practices. As a part of the settlement, the balance owed on certain loans is being forgiven. How can it be bad … Continue reading

Posted in Broke Emotionally & Financially, Discharge, Filing Bankruptcy Issues, Making the Decision to do Something, Taxes | Tagged , , , | Leave a comment