Tag Archive | "debt collector"

Colorado Man Goes to Prison for Lying on Loan Application

Friday, April 30, 2010

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Seems like no big deal, doesn’t it?  What harm could there be in lying on a loan application?  While the story below does seem pretty severe, if a lender finds out that you lied on a loan application, there will be consequences.  You could lose your loan or be sued for the amount of the [...]

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What to do if You Can’t Make Your Mortgage Payment

Friday, April 30, 2010

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The Federal Trade Commission has some helpful tips if you feel like you’re on the verge of being unable to make the payments on your home: Know Your Mortgage Do you know what kind of mortgage you have? Do you know whether your payments are going to increase? If you can’t tell by reading the [...]

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Three Lawyers Banned from Collecting Debts in Colorado

Thursday, March 11, 2010

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Colorado Attorney General John Suthers announced March 9th that attorneys from the Consumer Protection Section have reached a settlement with attorneys Jack H. Boyajian, Marvin Brandon and Karen Nations, their four law firms and one associated business barring them from violating Colorado’s debt-collection and consumer-protection laws. The consent decree, approved Monday, March 8, by a [...]

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Colorado Attorney General Sues Credit Repair Company

Tuesday, February 23, 2010

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It’s bad enough to reach the end of your rope in dealing with your debt.  You don’t need to feel like you’re going to be pillaged by someone who tells you they can help.  So called “credit repair” companies seem to do more harm than good.  In my experience, they’re no better than negotiating a [...]

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The Cost of Payday Loans

Monday, February 22, 2010

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The Denver Post has a story about a proposed bill that, if enacted, would limit the interest that payday loan makers could charge.  The bill would cap interest at 36%.  Borrowers can now get hit with interest rates of up to 300% under a convoluted interest schedule.  While taking out a loan for $400 and [...]

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