Consumer Credit NewsNews and information about consumer credit, how to mangage it, and laws / proposed legislation impacting credit.New Approach to Medical Bills Does Little to Help Most Needy- January 30, 2006 January 30, 2006 In his State of the Union Speech tomorrow night, President Bush will propose a new approach to dealing with soaring costs associated with health insurance. But the proposal he will make does little to make insurance more affordable at the consumer level, and does nothing to address the underlying causes for the steep rise in insurance prices. Those who dont have insurance for affordability reasons, or who cant get it because for some reason they have been declared uninsurable..http://financialprivacy.blogspot.com/2006/01/new-approach-to-medical-bills-does.html Ameriquest Mortgage to Pay $325 Million Settlement in Predatory Lending Case- January 24, 2006 January 24, 2006 Yesterday, Ameriquest Mortgage agree to pay $325 million in restitution to those who had borrowed money from the company. The agreement settles legal disputes with 49 states and the District of Columbia, and is the second largest in US history.http://financialprivacy.blogspot.com/2006/01/ameriquest-mortgage-to-pay-325-million.html Economic Survival in a Natural Disaster- January 20, 2006 January 19, 2006 There is a lot of talk in the media about natural disasters. In the past year the United States has faced hurricanes, flooding, tornados and fires. The first thing on the mind of anyone who goes through a disaster is physical survival. But what very few people consider is economic survival. Just because you lose all of your physical possessions doesnt mean that you have to lose everything that you have worked for all of your life. But in order to survive economically, you need.http://www.guardmycreditfile.org/index.php/content/view/547/50/ New Bankruptcy Law Not Having Intended Effect- January 17, 2006 January 17, 2006 Three months ago today, the United States new bankruptcy law went into effect. The law was hailed by Congress and the banking industry as a way to crack down on abuses by dead-beats who ran up their bills with the intent of never paying them. But if the past three months are any indication, those so called dead-beats are few and far between.http://www.guardmycreditfile.org/index.php/content/view/546/50/ Wondering Where Your Old Tax Refund Is It May be Frozen by the IRS!- January 11, 2006 January 11, 2006 If you are missing an old tax refund and wondering when it will show up, the answer may be never. That is because the IRS now uses software to identify possible cases of refund fraud. Unfortunately, the software appears to be error prone and tax payers are getting caught in the middle.http://www.guardmycreditfile.org/index.php/content/view/542/48/ |