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Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ’s Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be that they . . . → Read More: Bankruptcy is the Cost of the Way the Credit Card Industry Does Business The following article released on January 3, 2011 has been reprinted with permission from Huffington Post. Following the maxim that drastic times call for tepid measures, the banking industry continues to pay “lip service” to loan modifications while doing little. On Dec. 15, the Congressional Oversight Committee admitted the government’s Home Affordable Modification Program (HAMP) loan modification . . . → Read More: How to Get Rid of a Second Mortgage without a Loan Modificiation Not only is HAMP helping far fewer homeowners than promised, there’s evidence that HAMP may be leaving more homeowners worse off than if they never had entered the “loan mod” program in the first place. . . . → Read More: Are Loan Modifications Causing Foreclosures? |
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