Creditors Archives

According to recent data released by RealtyTrac last week, foreclosure filings in April were higher than they were last year in New Jersey and Pennsylvania. In Philadelphia, the number of foreclosures reportedly fell around 11 percent from March, but was 24 percent higher than they were last April. The increase in foreclosures in Philadelphia has reportedly been going on for the last six months. Statewide, filings were about 4 percent higher than March and nearly 17 percent higher than last year.

An article published on Huffington Post earlier this month discussed a number of tips for debtors regarding tricks and secrets kept by creditors and debt collectors. These include, for example: meaningless threats and bogus deadlines; protection of debtors from being called at work; privacy regarding the debtor’s debt; the fact that some debts cannot be collected because they are too old, and so on.