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The practice, based on industry data disclosed in several lawsuits, appears to affect tens of thousands of consumers. What's worse, it doesn't seem to matter that it is widely forcing victims of credit-card fraud to pay debts they clearly don't owe, or that the boilerplate language of mandatory arbitration clauses deprives those same victims of one of their most basic legal rights. That's because arbitration by definition says a consumer can't go to court to have his or her story heard, even if the alleged "debt" is a result of someone else's criminal fraud and in no way a result of the dunned consumer's actions.
Posted on: Oct 13, 08 12:04 am by: Alison Nielson
I thought that this was awesome when I first read it...
Taxpayers should be aware that the IRS does not contact individuals by e-mail. Be careful disclosing personal information.
_Charitable Organizations and Deductions.
Posted on: Oct 12, 08 10:01 pm by: Kay Hutchings
What do you all think of this?...
Html
Debt Elimination Scams - Fraud Warning
http://credit. about. com/od/shamsandscams/a/082504.
Posted on: Oct 12, 08 03:09 am by: Amanda Flores
I thought that you should all take a look at this...
"There were calls for legislation, banning credit card vendors on campus and a strong push for more financial education.
"We'd like to think some of that is sinking in. "
The Nellie Mae study, which is based on data from the nation's main credit bureaus as well as a survey of students, is often used as a benchmark of the financial well-being of the nation's college students.