Articles from Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney

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Need Help Paying Your Federal Student Loans?

Submitted by Anonymous (not verified) on Wed, 06/08/2016 - 03:54

FEDERAL STUDENT LOANS: ‘PAYBACK PLAYBOOK’ UNVEILED BY CONSUMER FINANCIAL PROTECTION BUREAU. 
INTENDED TO PROVIDE BORROWERS WITH PERSONALIZED SNAPSHOT OF REPAYMENT OPTIONS.
Prototype Disclosures Outline Path to Affordable Payments for Borrowers Trying to Avoid Debt Distress 

Complaints About Your Mortgage Lender? You are Not Alone.

Submitted by Anonymous (not verified) on Tue, 06/07/2016 - 20:40

Do you have complaints about your mortgage lender or servicer?
Loan sign with handcuff

Chapter 13 Filed Without Experienced Attorney = 100% Failure

Submitted by Anonymous (not verified) on Tue, 06/07/2016 - 04:28

Chapter 13 bankruptcy cases filed by pro se’s create significant issues for debtors and burden on the bankruptcy administration system.

Payday Loan Traps

Submitted by Anonymous (not verified) on Sat, 06/04/2016 - 01:21

CFPB propose rule to protect consumers from payday loan traps.

Payday Loan Traps

Submitted by Anonymous (not verified) on Sat, 06/04/2016 - 01:21

CFPB proposing a rule to protect consumers from payday loan traps.

5 Ways to Cut Costly Overdraft Fees

Submitted by Anonymous (not verified) on Mon, 05/30/2016 - 22:14

CBS News.com reports “Overdraft fees are raking in billions of dollars for the banking industry. But who’s paying them? Predominantly a tiny subset of consumers: young, working in lower-wage jobs and heavy users of debit cards.

Google Bans Payday Loans as Too Harmful to Advertise

Submitted by Anonymous (not verified) on Sat, 05/28/2016 - 22:07

June 25, 2016 Google announced that it would ban ads for payday lenders (and similar services) starting on July 13. In a statement, David Graff, the company’s director of global product policy wrote:

Do I Have to Pay a Debt that Was “Charged Off”?

Submitted by Anonymous (not verified) on Sat, 05/28/2016 - 03:48

Charge off“Charge off” is accounting jargon for the formal determination that the creditor is no longer treating its claim against you as an asset.   It permits the creditor to take a “wholly worthless bad debt” deduction on its taxes under Sec.

Will Bankruptcy Remove Judgments From Credit Report?

Submitted by Anonymous (not verified) on Sun, 05/22/2016 - 03:52

credit reportDear Experian,
A judgment was filed against me. If a judgment is discharged in your Chapter 7 bankruptcy, can it be removed from your report? – JLB
From The “Ask Experian” team – Dear JLB,

Auto Title Loans One in Three Default, One in Five Repossessed

Submitted by Anonymous (not verified) on Sun, 05/22/2016 - 02:23

Greed - person like fish on hookThe Consumer Financial Protection Bureau (CFPB) issued a report finding that one-in-five borrowers who take out a single-payment auto title loan have their car or truc

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