Archive for July, 2010
Eligibility Criteria for HAMP Loan Modification Program
The Obama loan modification program was designed to help millions of homeowners who were affected in recession. Obama has allocated $75 billion in funding for the homeowners to shun foreclosure of their homes. Loan modification plan allows getting a reduction in the interest rate and the principal amount of the loan. Among the different home [...]
Read Full Post | Make a Comment ( None so far )National Consumer Law Center Releases Report on Debt Collection Abuses
BOSTON — Debt companies pursuing consumers with a small army of collectors have swamped small claims courts with lawsuits and left a trail of abuses that, in 2009, led consumers to file more than 120,000 complaints with federal regulators. “The Debt Machine: How the Collection Industry Hounds Consumers and Overwhelms Courts,” released today by the [...]
Read Full Post | Make a Comment ( None so far )Friedman & Wexler – Debt Collector Shuts Down
Friedman & Wexler pursued students who did not pay off their loans on time, car buyers who missed payments and Chicago residents who were late with their water bills. Lately, though, the Chicago law firm has been accused of not paying its own bills. Friedman & Wexler is embroiled in several lawsuits with former clients, [...]
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