The bill, which passed the House and now sits in a Senate committee, would require that debt management companies be licensed and offer an up-front agreement to the consumer that clearly states fees and other details about how the debt will be handled. For-profit debt counseling companies typically charge a percentage of the debt as a fee. Some demand as much as 18 percent. Yet the bill sets no fee limits. Even more surprising is the momentum the bill has gained despite the generally poor record of the industry. In a 2010 report, the Government Accountability Office noted that the percentage of consumers who successfully complete a debt settlement program is in the single digits. In other...

The New York Times recently published two articles demonizing the debt settlement industry and indicating that debt settlement companies may leave clients worse off. These articles point out the inherent problems of working with debt settlement companies, but as Daniel Gamez of the Gamez Law Firm points out, the differences in a debt settlement company and a debt settlement law firm are substantial.

San Diego, CA (PRWEB) July 28, 2014

La Jolla, CA – July 27, 2014 – The New York Times recently published two articles demonizing the debt settlement industry. The first article “Report Says Debt Settlement Companies May Leave Clients Worse Off” by Ann Carrns...

Debt settlement is supposed to be a lifeline for people struggling with money. However, even legitimate programs with good intentions can leave consumers with more debt than they started with, according to a new report from the Center for Responsible Lending. Read carefully before handing over the reins to your debt.

Debt settlement programs can make a huge difference–they usually promise to negotiate with your creditors on your behalf to lower interest rates, lower payments, and help you set up a payment structure that will get you out of debt over time and within your budget. The best ones follow through on that promise. However, the Center for Responsible Lending report...

The Portage la Prairie chapter of Habitat for Humanity will see its work expand as the city has agreed to sell some of its land to the organization.

The chapter felt that if there were any lots available it should probably step up and secure what they could now for the future. That helps keep the costs down for future builds, said Coun. Irvine Ferris, who sits on the board of Habitat as building chairperson.

The city sold the property located at 635-6th Street NE for a dollar and will write-off the $3,385 it paid when it purchased the land during a tax sale. Ferris estimates construction will begin in two years.

Currently, the organization is preparing to build two single-family...

National Debt Relief explained in a recent article published last July 15, 2014 that filing for bankruptcy carries a substantial cost to consumers. It lists down the cost items to look out for when planning to file for bankruptcy.

New York, NY (PRWEB) July 17, 2014

National Debt Relief shared in a recent article published last July 15, 2014 that filing for bankruptcy carries a substantial cost to consumers. The article titled “Before Filing For Bankruptcy, Make Sure You Can Afford It!” explains the possible expense items in case a debtor decides to file for bankruptcy.

The article starts off by citing that the cost of filing for bankruptcy may have contributed...

In India, the Australian government has also supported vital research into TB through the Australia India Strategic Research Fund (AISRF). For example, the AISRF has put more than AUD 2.3 million into a joint project between the Commonwealth Scientific and Industrial Research Organization (CSIRO), in Australia, and the Council of Scientific and Industrial Research, in India, to investigate point-of-care diagnostic tools for TB. This is a symbol of the Australian governments strong commitment to funding research which can aid global efforts to tackle this disease.

This is the first time ever in history of AIDS conferences that...

Bankruptcy can be one of the most cumbersome situations an individual can face. It is the time when the individual is under immense mental pressures. Bankruptcy in simple words is the financial condition of an individual under which he/she is unable to repay the amount owed to the creditors or has exhausted all of their financial assets.

Filing for bankruptcy is often considered as the final solution for a company or an individual that is unable to recover their losses. Nevertheless, filing for bankruptcy isn’t as simple as it looks...

A litigation funding agreement is an agreement that provides for a non-party to finance a legal action on behalf of a litigant in return for a share of the proceeds of the action.

Before 2004, the validity of litigation funding agreements in South African law was anything but clear.

Jurisprudence was dominated by the historical English-law distaste for champerty (supporting someone elses litigation in exchange for a share in the proceeds) and maintenance (supporting someone elses litigation without any entitlement to a share in the proceeds), and by the Roman-Dutch principles governing pacta de quota litis.

The pre-2004 South African position, in summary, was that a litigation...

6 On Your Side Consumer Investigator

KNOXVILLE (WATE) – Since most people carry several different credit cards with them, its easy to overspend when you are not handing over cash. As a result, many people find themselves in debt.

Yolanda in Knoxville writes: Tell me about these debt settlement services I see advertised. Are they a good choice?

You hear and see commercials on radio and TV from debt settlement companies wanting to help you dig out of debt.

While they may sound appealing, some for-profit companies may leave you worse off than when you started down your path toward being debt free.

New research from the center for responsible...

One Michigan program has some tips to protect even credit challenged owners from auto theft related crime

What We Know

Here at Auto Credit Express we spend much of our time helping car buyers with bad credit obtain car loans. But once these consumers take delivery of a vehicle, theyre faced with a new set of concerns, not the least of which is vehicle theft.

As law enforcement becomes more successful, and technology in newer vehicles improves, thieves are coming up with new ways to steal vehicles and target drivers, said Terri Miller, executive director of HEAT (Help Eliminate Auto Thefts). Drivers need to be aware of the evolving trends in auto theft and the ways they...