Dirty Tricks Of Debt Collection: What You Need To Know And How You Can Deal With Them.

Posted on | January 19, 2010 |

WalletPop had a post yesterday about the dirty tricks of debt collectors.

The article highlights an experience of Ken Golde, who harassed by debt collectors after his business partner died unexpectedly, leaving him to deal with more than $200,000 in debt.

This may be an unusual case, be it show how some debt collectors have no decency and will stop at nothing to get their pound of flesh, or in this case their payment.

The article details some of the tactics that deb collectors aren’t supposed to use, after the passage of the Fair Debt Collection Practices Act (FDCPA). B

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Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance topics and many other things. Got a question? Ask it in the comments. You might also enjoy the archive of earlier reader mailbags.

If I have to get an auto loan to finance purchasing my next car, I can get one through my credit union (running about 5%, with an active checking account) or through the dealership (special 3%APR on 2010 models). I prefer your route if saving up and paying cash for a late-model used car. However, if one has to choose between loans, which is better – the credit union or the dealership? M

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U.S. Mortgage Refinancing Applications Rose in the First Week of 2010.

Posted on | January 17, 2010 |

It seems like only yesterday that we were hearing about Option ARM Mortgage rates resetting, and that holders of those loans were unable to refinance because their house was worth less than the mortgage…. Oh, wait… it was yesterday.

Well, even so, things appear to be confusing in the housing market and mortgage industry still.

According to a recent Reuters article, the rise in mortgage applications the 1st week of this year is a reflection on the demand for refinancing loans. Dem

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Water bills could hit £483 in the South West

With the cost of living sky-rocketing and fuel bills mounting during the Big Freeze, it will come as some comfort to know that water bills are unlikely to get any higher – at least in the South West.
The industry regulator, Ofwat, has ordered South West Water (SSW) – the UK’s most expensive water company – to make a real-term £1 cut in bills by 2015.
And its owner Pennon has agreed, although it called the target a “very tough challenge” and warned it may have to fire some of its 1,250 staff to keep costs low. Average

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Wheee, what a ride!

The week can be neatly summed up by my 1:35 comment to Members in Friday’s chat, summed the week up quite nicely as I said: “So funny, a whole week of gains I thought were ridiculous wiped out in 4 hours.” Of course it’s easy to laugh when you play the market correctly – as I had said in the morning post, we had cashed out into Thursday’s run up and planned on going bearish through the weekend but it turned out we got our sell-off early, jumping the $100K Portfolio, for example, up 12% in one day – enough to send us back to cash rather than risk a weekend reversal.

We laid the groundwork for this little sell-off in last weekend’s posts as we put up an aggressive Buy List for Members but in my regular weekend post we emphasized the need to cover our buys with “Disaster Hedges” as we were heading to the tops I had predicted when I published the “Last Charts of the Decade,” where I set resistance targets of Dow 10,457, S&P 1,135, Nasdaq 2,314, NYSE 7,389 and Russell 638. As you

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Mexican Insurance Store:Mexican Auto Insurance Blog Review Current Mexico Travel Tips andCompare Best Quality Mexico Insurance Quotes Online in minutes!

If looking for a day of tranquility at a budget-friendly price, consider visiting one of Mexico Citys numerous parks. These locations allow travelers to stop and enjoy the real Mexico; watching men play dominoes, listening to the sounds of local musicians, and tasting foods from cafes and street vendors.

For information about Mexico Insurance visit Mexican Car Insurance rates. At Mexican Insurance Store you can review Mexican Auto Insurance online.

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According to a newspaper report in The Age, Australian banking major ANZ is said to be in talks to acquire fund manager IOOF Holdings. The negotiations are believed to be at a preliminary stage.

The report, which quoted unnamed sources says that negotiations are ongoing, and it is uncertain whether a deal will eventually be reached.

IOOF is one of the few remaining independent fund managers in the financial advisory and superannuation industry.

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