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Minnesota AG Files Robo-Signing Suit

Attorney General Lori Swanson of Minnesota has alleged in a new suit that Midland Funding LLC created false, unreliable affidavits as proof of consumer debt.

The Minnesota Attorney General went to court seeking an injunction against the large Midland Funding debt collection agency that would put an end to the company’s practice of “robo-signing” court […]

Debt Collection Law Suits Engulf Courts

Many debt buyers do not have the evidence to prove their claims in court if they are challenged. Consumers are frequently being sued for inflated amounts or for debts they do not owe and should consider hiring a lawyer to defend themselves from unscrupulous collectors.

This recent article in the New York Times about the […]

Usury – Obscene Interest Rates

1. the lending or practice of lending money at an exorbitant interest. 2. an exorbitant amount or rate of interest, esp. in excess of the legal rate.

There is a very interesting article here at Fox News this morning regarding the change in charges First Premier Bank, a sub-prime credit card issuer.

Of course, […]

Exorbitant interest and unfair fees

Most people do not realize that credit card companies have set them up to fail. Many creditors want you to go over limit or be late on a payment so that they can charge you over limit fees and late fees and increase your interest rate. That is how they make the most money. That […]