The Attorney Network http://www.theattorneynetwork.org Just another WordPress weblog Fri, 09 Apr 2010 15:27:06 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Credit Card Rates and Fees Soar as New Credit Card Law Takes Effect http://www.theattorneynetwork.org/the-attorney-network-blog/ http://www.theattorneynetwork.org/the-attorney-network-blog/#comments Thu, 08 Apr 2010 22:05:28 +0000 admin http://www.theattorneynetwork.org/?p=120 Beverly, MA – March 18, 2010 – America's consumers are angry at credit card issuers for racing to raise rates and fees in the months before the Credit Card Accountability Responsibility and Disclosure Act took effect, and consumer advocates are complaining about the ineffectiveness of the reforms.  The sweeping law that just kicked in February 22 was supposed to protect cardholders by curbing abuses by credit card issuers.  For example, the new rules prevent issuers from charging over-limit fees without prior customer consent, severely restrict rate hikes on existing balances and require that any payments above the minimum be applied first to the balance with the highest interest rate, before balances with a lower APR.

 

In reality however, banks quietly enacted dramatic rate and fee hikes in the months preceding the February 22 effective date.  Many people noted that their credit card rates increased sharply in December or January, right before the new rules took effect.  And the new law does not place any cap on credit card interest rates.

 

“Suddenly my credit card company increased my rate from 11.99 percent to 29.99 percent, they just increased it without even notifying me!” said one credit card holder.

 

Among the largest increases, The Financial Times reports that Citigroup has raised rates on outstanding balances nearly 3 percentage points to an average of 24% for 13 million to 15 million cardholders, including those with Sears and Macy's cards issued through Citibank.

 

JPMorgan Chase, the biggest credit card provider, raised the minimum payment on outstanding balances from 2% to 5% for some customers, according to a recent Bloomberg article. JPMorgan has also raised its balance-transfer fee from 3% to 5% — the highest rate among the large consumer banks, according to Bloomberg.

 

“Credit card issuers are afraid that the new law will cost them billions in revenue, so they’ve raised rates and fees through the roof,” says Marc Weiner, managing partner of the Attorney Network.  “Many of our clients have found their minimum monthly payments doubling or even tripling overnight, and they just can’t keep up.”

 

With credit card issuers declaring war on cardholders, what are hard-working Americans, who want to free themselves from the chokehold of debt, to do?

 

THE ATTORNEY NETWORK provides debt relief to individuals with $7500 or more of credit card debt.  Attorney Network is committed to providing high-quality, ethical service to its clients and helping them become debt-free within 12-36 months.  Their experienced, nationwide staff of attorneys, paralegals and legal debt negotiators takes great pride in helping individuals and families find an alternative to bankruptcy, and turn their grim financial situations into fresh starts.  The Attorney Network has saved millions of dollars for commercial and consumer debtors, settling on average for just 42% of the original debt load.  The Attorney Network will provide you with affordable, immediate and practical debt relief from creditors and the anxiety associated with debt problems.

 

For a free debt consultation, please feel free to contact us at 877-288-9638

 

TheAttorneyNetwork.org

100 Cummings Center

Suite B20D

Beverly, MA 01915

(978) 706-0030

Contact: Marc Weiner

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]]> http://www.theattorneynetwork.org/the-attorney-network-blog/feed/ 0 Nationwide Attorney Based Debt Settlement Company http://www.theattorneynetwork.org/the-attorney-network-blog/ http://www.theattorneynetwork.org/the-attorney-network-blog/#comments Thu, 08 Apr 2010 22:00:26 +0000 admin http://www.theattorneynetwork.org/?p=112 Beverly, MA – February 5, 2010 – The Attorney Network takes control of managing unsecured debt with the help of legal assistants from licensed attorneys. Unsecured debt has hit an all time high in these tough economic times and we are committed to providing the highest degree of quality services to our clients during or debt relief program. Consumers who are cutting monthly budgets, facing financial hardships and wish to take control of their obligations do have a resolution to help overcome and re-establish their credit in this New Year!

 

The Attorney Network works diligently on our client’s behalf to reduce their current unsecured debt by providing our legal processes to negotiate an agreed settlement on a reduced balance. This is an effective approach to pay off their current debt, as well as, avoiding the negative effects of personal bankruptcy.

“We will review with you your financial obligations and if the debt relief program is for you then we will guide you through the process. We are not affiliated with your creditors which means we work directly and 100% for you”, states Marc Weiner, “The overall goal is to provide our clients with an affordable program to get back on their feet financially.”

Qualified Debts

Major Credit Cards, Department Store Credit Cards, Furniture Store Cards, Gasoline Cards, Finance Companies, Bank Loans (No longer your current bank), Repossession Deficiency Balances, Medical Debt (require disclaimer), Litigation Accounts, Installment Loans and Unsecured Personal Loans. 

The Attorney Network provides a free financial consultation and a sensible monthly payment program which can be agreed upon based on their current financial situation and personal goals. With a our financial analysis, The Attorney Network, can determine how many months you will be part of the program to affordably eliminate and clear up your debt overall.

TheAttorneyNetwork.org

100 Cummings Center

Suite B20D

Beverly, MA 01915

(877) 288-9638

Contact: Marc Weiner

]]> http://www.theattorneynetwork.org/the-attorney-network-blog/feed/ 0 The Attorney Network works diligently on your behalf to reduce your current unsecured debt http://www.theattorneynetwork.org/the-attorney-network-blog/ http://www.theattorneynetwork.org/the-attorney-network-blog/#comments Sun, 28 Feb 2010 10:53:40 +0000 admin http://customerhome.com/attorneynetwork/?p=1 The Attorney Network works diligently on your behalf to reduce your current unsecured debt


PR Log (Press Release) – Feb 08, 2010 – Beverly, MA The Attorney Network takes charge of legally handling unsecured debt which is at an all time high in these tough economic times. People who are cutting monthly budgets, facing financial hardships and wish to take control of their obligations do have a solution to help them overcome and re-establish themselves in this New Year.

The Attorney Network (http://www.theattorneynetwork.org) works diligently on your behalf to reduce your current unsecured debt by providing their legal process to negotiate an agreed settlement on a reduced balance. This is an effective approach to pay off your current debt as well as avoiding the negative effects of personal bankruptcy.

“We will review with you your financial obligations and if the debt relief program is for you then we will guide you through the process. We are not affiliated with your creditors which means we work directly and 100% for you”, states Marc Weiner, “The overall goal is to provide our clients with an affordable program to get back on their feet financially.”

Eligible Debts

Major Credit Cards, Department Store Credit Cards, Furniture Store Cards, Gasoline Cards, Finance Companies, Bank Loans (No longer your current bank), Repossession Deficiency Balances, Medical Debt (require disclaimer), Litigation Accounts, Installment Loans and Unsecured Personal Loans.  

With a free financial analysis, The Attorney Network (http://www.theattorneynetwork.org) provides a practical monthly payment program which can be agreed upon based on your current financial situation and personal goals. With a budget analysis, we can determine how many months you will be part of the program to affordably eliminate and clear up your debt (http://www.clearupyourdebt.net) overall.

Contact:
Marc Weiner
TheAttorneyNetwork.org
100 Cummings Center
Beverly, MA 01915
(877) 288-9638

# # #

With a free financial analysis, The Attorney Network (http://www.theattorneynetwork.org) provides a practical monthly payment program which can be agreed upon based on your current financial situation and personal goals. With a budget analysis, we can determine how many months you will be part of the program to affordably eliminate and clear up your debt (http://www.clearupyourdebt.net) overall.

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