The Truth of Credit

 During a thorough skip-tracing session this afternoon I found that the debtor I was skipping was now a client of American Financial Services. On the same page there was a “Ripoff.com” report on the same search a page.  These always peak my interest but this one did especially.
“My sole complaint is that they indicated they [...]

 Today I had very disturbing conversation with a debtor who stated she will file bankruptcy. She went on to say,”Its not that big a deal, I know plenty of people that have done it and they manage fairly well.” My response to this was admittedly weak mainly because I was so taken aback by her [...]

 Lately I have come across many debtors that are constantly complaining about the economy or the “credit card companies are crooks” etc…..  . Perhaps I’m biased because these same companies are paying my mortgage and allowing myself a good living. I sometimes stop myself and think, don’t these people know these calls are coming some [...]

Universal default is the phrase used for the practice in the financial services industry for a lender to change the terms of a loan from the normal terms to the default terms (i.e. the terms and rates given to those who have missed payments on a loan) when that lender is informed that their customer [...]

Today I came across an article that was explaining some of the newer tricks and traps the card companies use to expunge those last few dollars from you. Everyone knows that these companies are constantly be pushed by Wall Street types for revenue and who pays for it? You and I. So here they are [...]