The latest regulatory filing from Capital One Financial revealed that the company saw instances of accounts it had to strike from its records as being uncollectable slip once again in March, according to a report from Dow Jones Newswires. During the month, charge offs fell to 5.87 percent of all accounts, down from the 5.91… Read More
There were 681,153 separate foreclosure filings in the U.S. during the first quarter of 2011, a 15 percent drop from the fourth quarter of 2010, according to the latest statistics from RealtyTrac. This was also a 27 percent drop from the first quarter of 2010. [Related Article: FHA’s Foreclosure Backlog an All-Time High] Foreclosure filings… Read More
Credit.com’s chairman and co-founder Adam Levin has launched Credit.com Radio, debuting on Los Angeles’ KFWB 980 AM this Saturday, April 16, at 9 a.m. PST/Noon EST. The weekly show is co-hosted by L.A. radio personality Jeff Levy and will focus on issues relating to credit, debt and identity protection. The show will feature a variety… Read More
In March we told you about Bevin Beckage, a mother of three who spent nine months wrestling with Wells Fargo over whether she qualifies for a mortgage loan modification. The bank repeatedly lost her paperwork, broke promises to stay in communication, and ultimately denied her a modification based on incorrect information. After Credit.com’s investigation, Beckage’s… Read More
The money lessons you’ve gotten from your parents may not be enough to prepare you to face your financial life after college.
Today’s top news headlines feature advice on saving money as a wealth-building strategy and highlights a new privacy bill proposed by lawmakers. Plus, find out why foreclosure filings dipped during the first quarter of 2011. Paperwork Backlog Causes Decline in Foreclosure Filings The Huffington Post First-quarter foreclosure filings in the U.S. dropped 30 percent from… Read More
Homeowners facing foreclosure may experience a less confusing process, and could get more help keeping their homes, thanks to a consent decree issued Wednesday to the nation’s 14 largest mortgage loan servicers. The decree orders servicing companies to assign a single staff person to serve as the sole point of contact for homeowners facing foreclosure,… Read More
As always, we’ve found you the best whistle-blowers, tip-givers and truth-tellers in the blogosphere. This weeks topics include dark practices coming to light and how to protect yourself in the financial jungle. There’s even a story that claims bad credit is the new good credit when applying for jobs! And as always, if you enjoy… Read More
Want to know the truth about how to boost your FICO scores? Or do you want to find out to get a mortgage after you’ve been through financial challenges like a short sale, foreclosure or bankruptcy? Then you won’t want to miss Talk Credit Radio on Friday April 15th, 2011. Host Gerri Detweiler will interview… Read More
Does the CARD Act protect me from fees if I go over my credit card limit?