A proposed change to existing credit card lending requirements has led to a heated debate among financial advocates in California and elsewhere. Since October 2011, individuals who apply for new credit cards must list their personal income on the application....
Freedom And Hope Are On The Horizon
Month: October 2012
Bestselling financial advice author files Chapter 7 bankruptcy
In tough economic times, many consumers in California and across the nation struggle to maintain control of their financial circumstances. Business owners and entrepreneurs also face the same struggles, although often on a larger scale. The recent recession has led...
California couple arrested for debt relief scam
The recent arrest of a California couple has placed a spotlight on the issue of consumer scams in relation to bankruptcy. The pair allegedly ran a debt relief business that defrauded consumers of as much as $120,000. The story is a cautionary tale for consumers who...
American Express to compensate consumers for past abuse
A recent credit card company settlement may benefit Stockton residents with heavy credit card debt. American Express is set to refund approximately 250,000 customers a sum of $85 million to compensate for multiple violations of relevant consumer laws. According to the...
Debt collectors team with local prosecutors to harass consumers
For years, debt collectors have tried to strong-arm consumers into paying credit card debt and other delinquent accounts with threats of jail time. Legal professionals tell their clients to dismiss these threats, since no debt collector has the authority to arrest a...