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View Article  Three Surprising Ways You Might Harm Your Credit
Sarah J. Lile; May 2006

Many of us find ourselves lost in a jungle of information about debt,
credit reports and credit scores. Although the credit scoring system can
be confusing, experts agree that consumers must strive to understand how
the system works in order to better manage their credit. One approach to
navigating through this jungle is understanding how certain decisions
might negatively impact credit scores.

Ignoring the pile of unpaid medical bills, parking tickets - and library
books...   more »
View Article  Credit Card Issuers Can Check Your Credit File
Blog sponsored by Bankrupt-Law.com



Paying your bills on time not only keeps your debt in control, but it also
keeps your interest rates in check. Were you aware that all of the credit
card companies that you have an account with have the ability to check over
your credit file to make sure that you are paying your bills on time? If you
seem to be late on some payments, don't be surprised to see your interest
rates change as ...   more »
View Article  Ameriquest Plans to Cut 3,800 Jobs
Blog sponsored by Bankrupt-Law.com


The 'subprime' lender also says it will close its 229 retail branches and
rely instead on the Web.
By Kathy M. Kristof and David Streitfeld, Times Staff Writers
May 3, 2006


The parent of Orange-based Ameriquest Mortgage said Tuesday it would lay off
one-third of its nationwide workforce and close all 229 of its retail
branches, in the latest sign of retrenchment in the real estate market.

The move to cut 3,800 jobs from a total ...   more »
View Article  Default Notices For Calif. Homeowners On The Rise
Blog sponsored by Bankrupt-Law.com


(AP) LA JOLLA, Calif. A real estate research firm says the number of
California homeowners who received mortgage default notices increased in the
first quarter to the highest level in more than two years.

Lenders sent more than 18,000 default notices to homeowners between January
and March -- for a 23.4 percent increase from the fourth-quarter of 2005 and
a 28.7 percent hike from the year-ago period.

The notices serve as an early indicator of possible ...   more »