consumer-credit

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FTC Testifies on Efforts to Protect Consumers of Financial Services

The testimony also discussed FTC enforcement activity regarding non-bank credit card marketers, including a 2008 court settlement in which CompuCredit agreed to pay an estimated $114 million in credits and cash refunds to subprime consumers to … The testimony stated that the FTC has new rulemaking authority under the Omnibus Appropriations Act of 2009 to prohibit or restrict entities within its jurisdiction from engaging in unfair or deceptive mortgage loan practices. …

Consolidating Debts Through Refinancing | Credit Repair

Most homeowners would choose refinancing in order to consolidate all their existing debts. Through such, the homeowner can can consolidate higher interest debts like credit cards under a lower interest loan . The interest rates associated … The payment may have been directed either to credit card companies, a student loan lender, an auto lender and the like. Once you opt to consolidate all debts, you begin paying directly to your mortgage lender who provided the loan . …

How to Re-Finance Consolidate Debt | Credit Repair

The only difference is that by this time, the homeowner is repaying the debt to the mortgage lender who provided the consolidation loan . The new loan will be subjected to applicable loan terms which include the repayment period and the …

Mortgage Loan Savings, the Smart Way to Own a New Home | Credit Repair

Virtually every home owner has to make use of a mortgage loan to facilitate this purchase. Owning a mortgage it a long term commitment as they usually run from between fifteen to thirty years. Savings on these long-term loans add up …

Buying a Home – Credit | Credit Repair

Trust is still obtainable, but only after great judgment of a variety of financial information on your loan application. If you want to be approved for a mortgage with reasonable rates, you should examine your credit report and fix any …