Blog Posts in August, 2012

FTC Complaints About Debt Collectors Have Increased 73 Percent Since 2008

This video is another segment from the March 2009 Dateline NBC story on debt collectors that we posted on Wednesday. In that blog post, we also discussed one of the victims of aggressive debt ...
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30 Million Americans Dealing with Debt Collection Industry

This video is from a March 2009 Dateline NBC segment on the dirty tactics used by debt collection agencies in the United States. While the segment is more than three years old, little has changed in ...
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Durbin Looking to Help Students Who 'Have No Idea What They’re Getting Into'

As US Senator for Illinois Dick Durbin says in this video of a speech he gave on the floor of the Senate this past April, student loan debt has surpassed credit card debt in America and "it is growing ...
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Is Robo-Signing Sequel Being Put on Plastic?

On Wednesday, we discussed how some Chicago-area homeowners are now dealing with foreclosure notices as lenders begin to tackle backlogs that were amassed while states investigated "robo-signing" ...
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Homeowners in Foreclosure Demand Moratorium on Evictions

More than 100 residents called on Cook County Board President Toni Preckwinkle and Cook County Sheriff Thomas Dart to place a one-year moratorium on foreclosure evictions during a community meeting ...
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Bankruptcy Helps Sick People Who Did Not Plan on Getting Sick

Suleika Jaouad was diagnosed with acute myeloid leukemia just a few months after moving to Paris to start her first full-time job. She now writes a column entitled "Life, Interrupted" for the New York ...
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Chicago-area Foreclosures Higher Than Last Year as Lenders Tackle Backlog

Nearly 12,000 homes in the Chicago area received a foreclosure notice during July, RealtyTrac Inc. said on August 9, 2012. The Chicago Tribune reported that the overall number of 11,8885 was down from ...
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Mother of Pint-Sized Gymnast Had Olympic-Sized Debt

As we mentioned in our last blog post on Monday, the financial woes of Russell Brand's father, Ron, were just one story published on August 7, 2012, discussing the relative of a celebrity facing ...
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Russell Brand's Father Faces Bankruptcy For Unpaid Rent

We have written before about famous bankruptcies, and two stories in one week demonstrated that celebrities are still subject to the same financial difficulties as the rest of us. WENN.com reported on ...
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Teens Need to Learn Dangers of Credit Cards Before Heading Off to College

As the video above from WOLO-TV notes, one group being targeted by many credit card companies is college students. In a July 12, 2012 article entitled "Credit cards and college students can be a ...
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How One Family Wiped Out $1,200 in Credit Card Debt, Saved $575 in Interest

On Monday, we discussed a Chicago-based debt settlement firm that will be refunding more than $2 million to Illinois customers. The video above is a July 4, 2012, segment from WBBM-TV as part of the ...
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Debt Settlement Firm Will Refund $2.1 Million to Illinois Customers

Legal Helpers Debt Resolution LLC is a Chicago-based law firm specializing in consumer debt settlement. Illinois Attorney General Lisa Madigan said that rather than providing legal help, the lawyers ...
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Proposed Ordinance Could Help Renters, Reduce Vacancies

The video above is a CBS News segment from nearly one year ago discussing the problems foreclosures have caused in Chicago neighborhoods. As we have been discussing this week, foreclosure remains an ...
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The Underwhelming Results of Foreclosure Outreach

The video above features then-Chicago Mayor Richard M. Daley discussing outreach and legislative initiatives aimed at providing foreclosure assistance to thousands of struggling residents in the city. ...
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