Posted July 14th, 2011
by Jessica Goodenough
I just received this notice in the mail regarding Bank of America account holders. A 410.00 million settlement has been reached in a class action lawsuit about the order in which Bank of America posted debit card transactions to customer accounts. Whos included: If you had a Bank of America consumer checking account and or savings account that you could access with Bank of America debit card,at anytime between January 1,2001 and May 24,2011 and were charged one or more overdraft fees as a result of Bank of Americas practice of posting debit card transactions from highest to lowest dollar amount.For more information about the settlement: www.bofaoverdraftsettlement.com or 1-800-372-2390
Tags: Class Action, Settlement Posted in Debt Consolidation Online
Posted July 14th, 2011
by Keira Browne
US Dollar Analysis
- The US government is spending approximately three dollars for every one dollar taken in. You are told this is being done to create “economic recovery”. Houston, we have a US dollar spaceship problem, because there is no balance sheet recovery.
- The people in power believe massive spending and borrowing more will heal this epic debt problem. Look at my US dollar chart above. Over the last year you can see that quantitative easing is invisibly stealing money out of American bank accounts. The most recent rally attempt of the dollar was pathetic, and a dramatic decline is near.
- This is not the 1970s. What is missing this time is wage inflation that attempts to keep pace with price inflation. Government austerity has to come. Payrolls will be reduced. Tax receipts have plunged, yet government spending is going through the roof in the name of recovery. My
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Posted in Debt Consolidation
Posted July 13th, 2011
by Keira Browne
Increasingly kitemarks are being used by companies in their communications materials to signify importance and trust to consumers.
Kitemarks, or logos from third parties are ever more evident these days, and Im not just referring to the financial sector. Perhaps the most outstanding example of third party logos are flat screen TVs which manage to plaster ever more combinations of the weird and wonderful stickers of high tech features that your 42 plasma is capable of.
In the consumer finance sector, third party logos and kitemarks are also seeming to trend. This week saw the launch of a new kitemark in the high street banking sector.
Vote in the poll and leave your views below in the comments.
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Tags: Kitemarks Posted in Debt Consolidation
Posted July 13th, 2011
by Jessica Goodenough
The debt default crisis looms ominously upon the United States. If the debt ceiling is not raised by August 2, the date recognized by the Treasury Department, the country will have to face rising interest rates on its debt and threaten a fall-back of the world economic recovery. Treasury Secretary Timothy Geithner warned that if the country were to default, it “would like push us into a double dip recession.”
The debt ceiling for the U.S. was officially reached May 16 when total debt leveled at $14.3 trillion.
Rating agencies Moody’s and Standard & Poor’s have recently issued a second warning that if the ceiling is not raised, they would have to downgrade the U.S. sovereign credit rating. Another rating agency Fitch, of New York, said if the debt ceiling is not raised by August 2, U.S. cre
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Tags: Ceiling, Debt Ceiling Posted in Debt Consolidation Online
Posted July 13th, 2011
by Amber Cattanach
For American consumers, their overwhelming debt is a personal struggle. Living with dun notices, bill collectors and angry creditors, it can make life miserable. If there’s any consolation, there are whole countries in the same position. And how are they getting debt relief? They’re getting it through restructuring of their debt. So can you.
The concept is simple. Eliminate debt by negotiation with creditors. Rather than see you default completely on a debt, most will accept a portion of it back and call it a day. It’s called downgrading debt and it allows the borrower to repay an amount that is more affordable. That’s precisely why debt settlement is one of the number one go to programs for those with personal debt that they find overwhelming. It works and it works well. By entering into a debt settlement program, creditors reassess your debt to them and will often eliminate up to 60% of it so they see some return on their loan to you. While i
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Tags: Personal Posted in Financial Tips