The Senate has passed its own version of the new credit card bill and everyone expects that the House and Senate reconciliation will become law within a few weeks. The law goes farther than the new regulations passed by the Fed for mid-2010, and will take effect sooner.
Listed here are the most important benefits:
Posted under debt consolidation, fix bad credit, fix bad debt
This post was written by fixbadcredit on May 20, 2009
The Obama administration has promised debt help for consumers in at least two important areas:
1. Mortgage debt
2. Credit card debt
They have moved forward in both areas in the last couple of weeks.
Posted under debt consolidation, fix bad credit, fix bad debt
This post was written by fixbadcredit on May 15, 2009
When you turn on your television nowadays, you are bombarded with ads promising to help you with your debt. I took particular note one day of a company that offers to help consumers with their credit card debt.
Posted under debt consolidation, fix bad credit, fix bad debt
This post was written by fixbadcredit on May 7, 2009
The Wall Street Journal editors are joyous. The Senate (as of the last day in April 2009) has killed the revision to the bankruptcy law that would have allowed judges to “cram down” the principle on residential home mortgages (they can already do it for second homes and investment property). This was the stick in the Obama administration’s “carrot and stick” approach to foreclosure prevention.
Posted under debt consolidation, fix bad credit, fix bad debt, foreclosure
This post was written by fixbadcredit on May 1, 2009
