Have you ever been unfairly sued by Chase Financial Services for your unpaid balance? You might have a stronger case for dismissing the lawsuit than you think. This past Tuesday, American Banker reported that JPMorgan Chase and Co. just happened to quietly, unobtrusively and completely stop issuing new credit card lawsuits. While that doesn’t seem like much help to anyone who is currently fighting Chase in court, the implications of the decision are interesting.
Why would Chase suddenly dismiss all of their in-house lawyers, who, just months ago, were earning the banking giant hundreds of millions of dollars in delinquency judgments and then pawning them off to third-party collectors? Well, there could be a couple of reasons.
It could have something to do with the fact that state courts around the country are dismissing many of Chase’s claims due to sloppy or fraudulent paperwork.
It could also be related to the robo-signing scandal currently plaguing JPMorgan’s mortgage division. You k
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167th TFR Credit Union in Martinsburg, WV delivers on their mission to help members save money. Currently, they have a 1-year CD rate at 1.00% APY to help move your funds toward steady growth.
1-Year CD Rate Terms and Conditions
To open a CD account at this 1-year CD rate, members are required to supply a minimum opening deposit of $500. Withdrawing before the end of the term may result in penalties against earnings. The NCUA insures all CD accounts, regardless of term duration, for up to $250,000.
About 167th TFR Credit Union
167th TFR Credit Union supports the their members’ financial freedom. T
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In response to a young lady who tweeted a less-than-flattering review by trusted financial blogger Philip Taylor of PT Money:
@20andengaged Too bad you choose to believe an idiot over me- you just keep following others and see where it gets you
@scrpbks4u read the great reviews of legit reporters or ones that are smart enough to understand what I am doing. There are many Suze haters
@YourMoneyDrawer @ptmoney if you want to think that you can. But ignorance as to the big picture here says more about you than me.
@Audrey00211 dont worry Aud. I can take it. I am use to people who know nothing think they know everything.
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Along with the resolutions many Americans make to lose weight and stop smoking, many Americans are hoping to improve their financial lives as well. According to the National Foundation for Credit Counseling’s (NFCC) December online poll, 62 percent of Americans said their top priority this year is to reduce their debt.
That number is down some from last year’s 69 percent. Only 6 percent of Americans said reducing their dependence on credit cards is their top financial goal for the year. This number is only down 1 percent from last year. Improving their credit scores is also on the minds of Americans asked by the online poll. Twe
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Sound Advice from Jeff York
With loan interest rates at record lows, you might be considering rearranging your debt to help your monthly budget. Lowering the interest cost on your consumer loans means you pay less—right? Well, not always. Consolidating debt can make good sense, but what is good in the short run may actually cost you more in the long run.
Debt Consolidation Options
Consolidating debt is the process of combining several loans into one loan, which should have a lower overall interest rate. This leaves you with only one payment to worry about, as opposed to multiple payments at different interest rates.
Consolidating your debt can have a very beneficial effect on your monthly budget. A number of debt consolidation loan options include:
1. C
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Declining to carry cash will be no excuse for withholding donations this holiday season. The Salvation Army can now accept credit card charges in select locations. With the help of Square, passing a red kettle without contributing will fill shoppers everywhere with guilt and shame. Before, you could pretend not to have cash and onlookers could only assume you were heartless. Now, they’ll know you’re heartless.
How they’re doing it
Square is a tiny magnetic-stripe reader that connects to your smartphone through its headphone jack. Coupled with a downloadable app, it converts your phone into a portable credit card terminal. Square charges 2.75% of every transaction to pay for the service, which isn’t unreasonable.
Square is the first device to put the power of plastic into the hands of the average consumer. You don’t have to operate a business to receive payments. Anyone wi
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— Cindy Williams @ 7:16 am — 
February 11, 2012