The Honest Lawyer Online » Credit Card Debt Defense

Debt Collection Law Suits Engulf Courts

Aurora Harris — Wed, 14 Jul 2010 22:36:04 +0000

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 [...]

Usury – Obscene Interest Rates

rheller — Fri, 18 Dec 2009 15:39:08 +0000

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, strictly by definition, this isn’t usury [...]

Exorbitant interest and unfair fees

Aurora Harris — Fri, 13 Nov 2009 16:12:50 +0000

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. [...]