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Bank of America hit with $1,051,000 judgment for harassing cell phone calls

On July 2, 2014 a Tampa couple filed suit in Federal Court against Bank of America alleging that the bank called them as many as 700 times on their cell phones using an autodialer in an attempt to ...
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I Can't Afford to Pay My Student Loans...What Can I Do?

Most people know that the total amount consumers owe in student loan debt is now more than 1 Trillion dollars. Yes, that is $1,000,000,000,000! Student loan debt now exceeds credit card debt in this ...
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Vulgar voicemails force debt collector to pay $1.5 million

DALLAS - The harassing and threatening voicemail messages left on Allen Jones' mobile phone are nothing short of vulgar. "This shouldn't be tolerated," he said. "Nobody should ...
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Letting Go: A Possible New Solution for Florida Homeowners in Distress

According to the Bureau of Labor Statistics, unemployment in the United States has been holding steady at 9.7 percent in 2010, after peaking at 10.1 percent in October 2009. In contrast, the ...
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Bankruptcy as a Means to Stay in Your Home, Despite Mortgage Problems

In these tough economic times even homeowners with steady incomes can find themselves facing foreclosure. In this situation, filing for bankruptcy is an option to consider closely. Options for ...
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Credit Card Issues Are Frequent in Florida

Credit and debit card fraud is one of the most prolific fears among average Americans. In a comprehensive survey spearheaded by the Consumer Federation of America, various state agencies reported the ...
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Make Sure You Get Credit for your Bankruptcy Discharge!

When you file bankruptcy you should expect to receive a discharge and a fresh financial start. In a perfect world your credit reports would be properly updated to show that your debts have been ...
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Federal government proposes new student loan repayment plan

These days, it is nearly impossible to leave college without having taken out some student loans. Unfortunately, given the job market, finding a job to pay back those loans can seem like an equally ...
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Florida Mortgage Modification: Dual Tracking as a Double-Cross

The foreclosure system is clogged, both in Florida and across country. There have already been huge numbers of foreclosures, and there are so many in the pipeline, that the pace has slowed in recent ...
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Debt Settlement Companies Continue to Engage in Deceptive Practices

Debt settlement companies are not supposed to engage in deceptive practices. Detailed government rules are designed to stop them from doing things like charging up-front fees that often leave debtors ...
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Bankruptcy and Credit Scores

Filing for bankruptcy is always a big decision, with many factors to weight. One of those is the effect that a bankruptcy can have on your future credit possibilities. In the short term,bankruptcy ...
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Increasing Bankruptcy Among The Elderly: A Canary In The Coal Mine?

Retirement was supposed to be "the golden years." But these days, many elderly people find themselves in dire financial straits. Mounting credit card debt is leaving many with bankruptcy as ...
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Congress to Consider Medical Debt Relief Act

The nation's economic downturn has already inflicted untold emotional pain. Unemployment is high, real estate has sagged, and millions of Americans are crippled by debt problems. It has been, in ...
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Debt, Divorce and Bankruptcy in Florida

Divorce and debt can be a double whammy. It's not only the fact that the stress of money problems is a frequent cause of divorce. That is indeed a major problem. But the issue goes beyond the ...
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Automated Debt-Collection Lawsuits Engulf Courts

As millions of Americans have fallen behind on paying their bills, debt collection law firms have been clogging courtrooms with lawsuits seeking repayment. Few have been as prolific as Cohen & ...
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New Federal Law Protects Government Benefit Payments From Garnishment

Federal law has long prohibited creditors from garnishing Social Security, disability and veteran benefits, as well as other payments to disabled and low-income individuals. Unfortunately, banks have ...
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FTC Rules on Deceptive Debt Relief Practices Continue to Evolve

They are wolves posing as shepherds. Companies that claim they will lead you out of debt quickly and often just want to take your last dollar - leaving you more exposed to creditors than ever. If the ...
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New Wave of Foreclosures Coming in 2010

As 2010 began, there were some signs of stabilization in the housing market according to the CEO of Freddie Mac, Charles Haldeman, Jr. Federal tax credits, low prices and low mortgage rates were all ...
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Discharging Second Mortgages in Bankruptcy

Homeowners who are behind on their payments and facing the threat of foreclosure need to take a hard look at all of their options. In the case of second mortgages, cashed-strapped homeowners ...
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Protecting Yourself Against Abusive Debt Collection Practices

The current state of the economy has left many Americans with numerous unpaid bills and mounting debt. Increasingly, those in charge of collecting that debt have gone to extreme lengths to make sure ...
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Giving Bankruptcy Judges "Cramdown" Power To Address Foreclosure Crisis

The downturn in the real estate market two years ago was a major factor in sending America into recession. The subprime mortgage crisis exposed a house of financial cards, and the first wave of mass ...
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Proposed Legislation May Reclassify Student Loans in Bankruptcy

Even as the economy begins to improve, many new graduates struggle with repaying their student loans. The United States Student Association estimates that borrowers hold $730 billion in student loan ...
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Study Shows Bankruptcy Filings Among Senior Citizens Are On the Rise

According to a study released by AARP, the amount of bankruptcies filed by people ages 65 and older has increased exponentially in recent years. The study, which was conducted by the Consumer ...
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Dealing with Medical Debt Through Bankruptcy

With today's economic conditions, serious injuries or illnesses can cause serious financial upheaval. Prolonged ailments requiring long recovery periods can deprive people of their ability to earn ...
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Occupy Education: How Student Loans Are Plaguing Florida Graduates

Going to college is supposed to lead to a good job. That's what loan marketers and schools themselves tell prospective students. But with the U.S. unemployment rate at 8.6 percent at the end of ...
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