Tag : Credit Slips

What happens when you take a homeowner who defaults on their mortgage into bankruptcy to stop the foreclosure sale?  You get a situation that is disease ridden with errors.  Katie Porter (@MsKatiePorter) recently wrote about this over at Credit Slips (@CreditSlips) in her article, What do bankruptcy mortgage servicing and Ebola have in common? where […]

How do you make your ends meet? Do you rob Peter to pay Paul? That is, to use one credit card to make the minimum payment on another? Do you rotate which debts get paid one month to the next? Katie Porter (@MsKatiePorter) recently reported on a few studies and how lower income families manage […]

Bob Lawless over at Credit Slips posted this blog article recently, Cultures, Attitudes, and Debt. What’s great is that he focused more on asking questions of his readers, rather than providing his answers.  You’ll have to check out the comments for yourself on this one as they’re fantastic. We each bring to the table of […]

It’s that time of year again where I gaze longingly into my crystal ball and make my predictions for the future of the American Dream; America’s fresh start; and the demise of our mountain of debts.  Despite the continued negative stigma of bankruptcy and it’s “last resort” paradigm, bankruptcy filings in the U.S. continue to […]

Recently, Katie Porter, over at Credit Slips, reported that Bank of America (BOA) reached a settlement with the Federal Trade Commission regarding certain mortgage overcharges, including overcharges in bankruptcy once serviced by Countrywide. Henry Sommer joined the conversation, asking if the Bank of America Settlement is a sign of true progress. After reading the consent judgment […]