Posted on Thursday, 4th February 2010 by debtpreventions

A 2009 USA Today survey found that each of the 10 largest banks allow consumers to overdraw checking accounts.  By doing so, banks reaped a record $38.5 billion from overdraft fees that year, nearly twice the $20.5 billion collected from credit card penalties, such as late and over-limit fees.
“Overdraft fees are the mother lode of [...]

Tags: Bank, Checking, Consumer
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Posted on Thursday, 21st January 2010 by debtpreventions

The Free Pre-Debt Relief Course is an innovative program designed by Global Debt Systems to give consumers insight into their financial condition and debt relief options that may be available to them.  It is our commitment to provide consumers with straightforward information, which we hope can guide them in their decision to;

Enroll into a Debt [...]

Tags: Consumer, Debt Settlement
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Posted on Tuesday, 19th January 2010 by debtpreventions

Consumers filing for bankruptcy protection peaked in 2005, in anticipation of tougher regulations enacted under the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA).  Those regulations made it more difficult for consumers to discharge all debts and, instead, forced more people into debt payment programs – commonly a Chapter 13 bankruptcy.
Consumer Bankruptcy Filings

Year
1st Q
2nd Q
3rd [...]

Tags: Bankruptcy, Consumer
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