August 2009 Archives

Michelle McCloskey and Michele Cheverez both tried to get loan modifications with Litton Loan. And both were ignored or stalled until it was too late. Foreclosure proceedings began, leaving them with wrecked credit and the loss of homes they'd lived in for years. ...
(UPDATED below) A federal judge on Friday appeared to deliver a blow to both LifeLock and consumers when he ruled that LifeLock may not continue to set fraud alerts on behalf of consumers. But it appears that while Experian was busy...
Darrius Whitehorn, a Loyola University criminal justice student spent a week in jail for a crime he didn't commit. Darrius learned the hard way that when it comes to identity theft, you are guilty until proven innocent. It seems his Social...
As students head back to school, I think it's important to point out one of my earlier blogs to help remind students (and parents) that identity theft protection is an important step to remember when preparing to go off to campus.  If students are not...
Our life experiences tailor and color our views on any particular subject.  It's these experiences, especially the traumatic or life-altering ones, that prompt many of us to speak out about them.  By sharing our personal stories, we shed light on...
Yesterday, the computer security company Panda Security released it's latest findings concerning the threat and growth of identity theft through computer malware. Their findings reveal a steep rise in the types of techniques used to steal our data and the number of...
Parts of the new credit card reforms that passed earlier this year begin to kick in today. Many consumers believe that because Congress allowed an extended period of time to lapse before implementing any of the new rules, the true intent of the reforms would...
A south Florida woman was evicted from her home after a bank mistakenly sells her house while she is in the process of a loan modification. When the county clerk's office mistakenly fails to file a judge's order reversing the sale...
Could the end of unfair forced binding arbitration be near? Yesterday Bank of America stepped up to the plate and announced a bold move -they will no longer require its customers to resolve their disputes in the unfair system of forced...
This was my lucky week. I was notified I won the lottery, inherited money from a long lost relative, and found out that I could receive my share of 45 million dollars if I simply helped move the cash into the U.S through my bank...
Another day brings yet another desperate homeowner asking -"How can mortgage servicing companies get away with what they are doing? And why doesn't anyone care?" I noted in today's SunSentinel's Editorial Blog -Talk Back South Florida --stories continue to pour in from...
U.S. Representatives John Conyers, Jr (D) Michigan and Marcy Kaptur (D) Ohio recently introduced H.R. 1123, currently dubbed the "Produce the Note Act of 2009" which if passed would essentially prohibit lenders/servicers from initiating a foreclosure without first proving they...
The federal government is providing billions of dollars to help struggling homeowners avoid foreclosure.  But did you know that much of that money is actually lining the pockets of the kinds of predators who create havoc--and sometimes cause foreclosures?  They're called...
This week the Better Business Bureau issued a national warning consumers about phony debt collectors that are calling consumers nationwide and claiming that they have defaulted on a payday loan and will be arrested if they don't pay immediately. The...
Another desperate homeowner caught up in a series of reckless mortgage servicing practices and costly battles to right a corporate wrong. The below email comes from a couple who find themselves at their wits end after futile and exhaustive attempts to have their mortgage servicing...
A memoir exposing the steep price consumers pay when facing mortgage servicing errors, inaccurate credit reporting, illegal debt collection practices, identity theft and weak consumer protection laws. THE BOOK » DENISE'S STORY »