Military.com has published an informative article on JP Morgan-Chase’s agreement to pay more than $2 million to about 4,000 servicemember mortgage holders who were overcharged interest and threatened with foreclosure while they were on active duty. Chase actually foreclosed on 14 servicemembers’ homes. Under the Servicemembers Civil Relief Act, troops may have their mortgage rates [...]
02
Dec
Avoid Auto Fraud
The National Association of Consumer Advocates (NACA) has published an excellent brochure to educate consumers on the trips and traps of auto scams. Click here for a copy of the brochure. It is a great resource for all of us, and we give much thanks to NACA for its continued efforts to make our marketplace [...]
18
Nov
“Anti-Piracy” Debt Collection?
A recent article by CNET profiles the Copyright Enforcement Group (CEG), a “media rights enforcement” company that apparently will be using debt collectors to collect on alleged copyright infringement claims, even before the courts have rendered a judgment against accused copyright violators. Feel free to contact us if you have had any dealings with CEG [...]
09
Nov
Car Repossessed, Now What?
If you have a car loan, the lender can retake possession of your car after a default by “self-help” repossession. That means the lender does not need to file a lawsuit, but can just send the repossession company to pick up your car upon a default. Self-help repossession, while legal, is a drastic remedy and [...]
