Author Archives: Site Administrator
More fraudulent debt relief and credit recovery businesses halted
The Federal Trade Commission is cracking down on companies that take advantage of Americans who are saddled with debt. Knowing that there are many consumers seeking debt relief, businesses abound that promise deals such as low-interest credit cards, instant approval for those with bad credit, balance transfers and other programs to help those in… Read More »
Personal bankruptcies decrease in Florida for 2 straight years
Personal bankruptcies have fallen throughout parts of Florida for the second year straight. Financial challenges continue to be a difficult issue nationwide since the housing market collapsed in 2007. In Florida, foreclosure activity is still the highest in the country, so many experts in bankruptcy law aren’t sure why there is a decrease in… Read More »
Florida’s foreclosure rate remains highest in the country
With foreclosures jumping 20 percent in November from this time last year, and 3 percent in October, Florida is the nation’s leading state for foreclosures and foreclosure-related activity. The California data firm RealtyTrac states that the real estate recovery over the next year will probably be slow, as homeowners seeking debt relief are forced… Read More »
South Florida banks allowing more non-foreclosure short sales
Increasing numbers of banks are approving short sales before homes go into foreclosure in Broward County, according to a recent RealtyTrac survey. As more homeowners are facing foreclosure, more and more lenders are willing to help some people unload their homes before they foreclose. This can be a source of relief to those facing… Read More »
Consumers urged to be vigilant about credit card debt
For most Americans, December means lots of shopping. Thousands of consumers are frequenting malls and stores, which is good for Florida’s economy, but can be potentially devastating to an individual’s credit. This is the most common time of year for people to over-spend with credit cards, which can result in months or even years… Read More »
“Bogus” credit repair business closed and fined $6.4 million
A Florida federal district court has found a “credit repair” operation in contempt after it continued to operate in spite of a court order that required it to stop promoting its “bogus credit repair products and services” The Federal Trade Commission (FTC) charged them with a continuing violation of the court order. The defendants… Read More »
Florida bankruptcy case filings may increase again
The mortgage crisis of 2008 and the recession and flood of defaults and foreclosures that resulted have left a great deal of wreckage across the landscape in Florida. And nowhere is that damage more obvious than in bankruptcy court. That economic crisis triggered by the real estate bubble has left a backlog of cases… Read More »