Fox News has a guest, Bill Bartman, who advises that you STOP paying your credit cards, in some situations.
Bartman interview on Fox News
His first point is, the big national credit card companies all sell their bad debts.
This is true, he says after 6 months of no payments, but I cannot verify that, the agreements are [...]
Category Archives: credit cards
Stop Paying Credit Cards?
How Does My Credit Card Company Find Out So Much About Me?
my post on the the new “friendly” credit card company collection practices.
Credit Card Company Predatory Practices?
At least one of these three is predatory.
Judicial Mortgage Modification At The Brink
Senator Dodd is saying it is time to fish or cut bait on the judicial mortgage modification, or cramdown, bill, that is sitting in the Senate.
Click on this link to tell your Senators how you feel on this issue.
http://www.congressweb.com/cweb4/index.cfm?orgcode=nacba&hotissue=1
Credit Card Interest Rates to Change?
credit card interest rates to change?
Foreclosures, Credit Card Defaults Rise
January 2009, 50% more homeowners at least one month behind on their payments, compared to January, 2008, according to Equifax.
Auto loans? Same trend, 60 day defaults up 18.9% year over year, to 1.9% of all auto loans.
Credit cards? More of the same, missed payments up 29.5% to 4.17% of all cardholders.
These stats foreshadow more bankruptcies [...]
American Express Pays Some to Close Their Accounts
see by post on www.creditlawnetwork.com
linked to here
Credit Card Debt Defaults Record High
As the recession spreads, people fall behind on credit card debt as well as mortgage debt.
Credit card defaults at record highs, as measured by a percentage of credit card accounts that are behind.
