Credit Repair Attorney

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Entries from September 2007

Treasury Advisor Suggests Change in Credit Rating System

September 28th, 2007 · No Comments

In the wake of the sub-prime mortgage crisis, a private sector advisor to the US Treasury has stated an opinion that could be somewhat controversial.  In an article that ran recently in Forbes, Eric Mindich, the advisor at issue here, suggested that the US Treasury should separate the rating and advisory functions at credit rating […]

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Late Payments on Home Equity Credit Lines Reach Five-Year High

September 27th, 2007 · No Comments

One of the most popular financial strategies that home owners have employed in recent years was to take out a line of credit against the equity in a home.  As property values skyrocketed early in the 21st Century, this step was taken by homeowners all over the United States.  However, according to an article posted […]

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Prominent CEO Sees US Credit Woes as Regional in Nature

September 27th, 2007 · No Comments

The national financial news has been dominated lately with stories regarding the sub-prime mortgage crisis and the general credit crunch, but the CEO of Lowe’s, one of the leading self-improvement suppliers in the world, offered an interesting take on the situation recently as reported by CNN Money.
“Chairman and Chief Executive Robert Niblock said Tuesday he […]

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Credit Card Companies Reducing Credit Limits

September 25th, 2007 · No Comments

The sub-prime mortgage crisis has led to several proactive and somewhat defensive actions on the part of credit companies of all types, and a recent article that appeared in The Consumerist tells the tale of one specific step that credit card companies are taking – slashing credit limits as soon as there’s reason to suspect […]

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Another State Hammers Credit Card Companies for On-Campus Solicitation

September 25th, 2007 · No Comments

In what appears to be a growing enforcement phenomenon, Ohio has thrown its hat into the ring in the fight against future credit problems by filing lawsuits against four credit card companies, according to an article filed recently by Columbus Business First.  The relevant passage from the article appears below:“Attorney General Marc Dann’s office said […]

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Credit Card Spending Hardly Limited to US

September 25th, 2007 · No Comments

As the issues of credit and credit repair dominate the financial news in the United States, a report filed recently by the Economic Times slipped under the radar to an extent, even though the long-term implications of it could be quite troubling for the world economy.  The article detailed the projected credit card spending in […]

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Bill Introduced that Would Limit Credit Card Enticement

September 25th, 2007 · No Comments

Anyone who has spent any amount of time on a college campus has seen the sign-up tables here and there enticing students to apply for a credit card, and the specific enticement is often a free gift.  However, a bill was introduced recently in California that would prevent credit card companies from ‘recruiting’ on campuses, […]

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Credit Card Companies Applying Crunch to Members

September 24th, 2007 · No Comments

We’ve seen the news regarding the forthcoming problems with mortgage notes around the country that are going to begin to mature and put countless families and home owners in general in a serious financial bind.  Now, according to an article published in the Wall Street Journal, credit card companies are beginning to ratchet up the […]

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Standard & Poor’s President Resigns

September 24th, 2007 · No Comments

Standard & Poor’s is, quite simply, the biggest credit rating agency in the world.  S&P is involved in millions of transactions and financing requests every year, and with that level of prevalence comes scrutiny.  Recently, S&P has come under fire for its alleged role in the United States sub-prime mortgage crisis, and according to The […]

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Credit Scam Uncovered in Indiana

September 24th, 2007 · No Comments

Another day, another Internet-based credit scam uncovered.  That’s the story that was published in the South Bend Tribune yesterday, which detailed attempts by identity thieves to prompt members of the Notre Dame Federal Credit Union in South Bend to go to a Web site and enter personal information. 
“Members were told to sign into a […]

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