Credit Law Network

How Do I Find a Good Deal on a Secured Credit Card?

Not surprisingly, bankruptcy lawyers like me often get questions about life post-discharge. Are there any "best practices" for rebuilding your credit after your bankruptcy (or period of bad credit) is over? Thoughts about how to re-establish credit after bankruptcy have been written about on this blog. One of the practices frequently ...

Will Health Care Reform Stop Fraudulent Medical Billing Practices?

Congress is considering proposals that would reform the health care system. Some, like Senator Bernie Sanders of Vermont are citing massive fraud by the health care industry and calling on "real health care reform to prevent major insurance companies, drug companies and hospital chains from perpetrating fraud and abuse on government health ...

What is a Credit Default Swap? And Why Should You Care?

A credit default swap is a kind of insurance. It's also like a ticket for a bet on a horse race -- a bet on which horse will lose. A CDS is a simple idea. In its most basic, safe form, it's a way to hedge the risk of a loan ...

Credit-Related Scams

Pennsylvania Attorney General Tom Corbett's office released information regarding credit-related scams. "Consumers searching for an easy way out of their credit problems are susceptible to a wide range of credit-related scams in addition to credit repair fraud," the PA Attorney General's office states. Some examples provided are as follows: Checking Account ...

Credit Card Lenders Still Hoping Consumers Will Get In Too Deep?

Credit card banks have been scrambling to raise capital and cut credit lines for consumers across the country lately. So imagine my surprise to discover at least one bank still wants me to carry balances? Here's the deal that came in the mail last week: My bank is offering a promotional ...

Protect Your Identity & Credit by Protecting Your Personal Information

Remembering and following these important tips, provided by the Pennsylvania Attorney General's Office (relevant nationwide), will go a long way in protecting your credit by protecting your personal information: Don't give personal informationon the phone, through the mail, or over the Internet, unless you've initiated the contact or know with whom ...

Bill Collectors - What Are They Good For?

You might think that bill collectors are good for nothing. After all, they drive many of us crazy with their harassing phone calls and letters. But bill collectors are not all bad all of the time. At least not yesterday, when a bill collector saved a Victorville, California woman who was being held hostage ...

Credit Cardholders’ Bill of Rights Act of 2009 Signed into Law

On May 22, 2009, President Obama signed into law the Credit Cardholder's Bill of Rights Act of 2009. The provisions of this new law go into effect in February, 2010. A detailed explanation of the provisions of this new law may be found at Adam Levitin's informative article on the ...

Debt Settlement: An Idea Whose Time has NOT Come?

In the course of corresponding with folks contemplating bankruptcy, I frequently get emails and calls asking about debt settlement. A recent letter got me thinking about debt settlement and I was inspired to create a post on my Atlanta Bankruptcy blog entitled "Debt Settlement vs. Bankruptcy" in which I set ...

Sumerians Were The First Culture To Use Interest.

The concept of interest on a loan pre dates the Birth of Christ to the time period of the Sumerians. The Sumerians expected loans to give birth to a higher return. Sumerians often lent cattle instead of money. This is where the concept of "giving birth" came from. They expected ...