Credit Cards | Rosenberg, Musso & Weiner, LLP

How Can Banks Take Away Your New York Car over Credit Card Debt?

Lately there’s been some talk that unsecured creditors—primarily of credit card debt—are more aggressively enforcing their claims. And to the trained ear of an experienced New York bankruptcy attorney, the word “aggressive” used in connection with creditor actions can often signal the word “illegal.”

One trick we’ve been hearing about is taking people’s cars and then selling . . . → Read More: How Can Banks Take Away Your New York Car over Credit Card Debt?

Why Do Banks in New York Offer People Credit Cards after Bankruptcy?

The story is not as uncommon in New York as you might think. A New York debtor files a Chapter 7 bankruptcy. Then, mere months after obtaining a discharge, the banks start aggressively sending out letters offering new credit cards with low rates and high credit limits. This doesn’t make any . . . → Read More: Why Do Banks in New York Offer People Credit Cards after Bankruptcy?

How to Challenge Charges on Your Credit Card Bill

Finding a questionable or incorrect charge on a credit card statement probably happens to most New Yorkers at least once. Most people’s natural inclination is to call the creditor and try to work it out over the phone. If that doesn’t work, the law is on your side, but it’s a slow . . . → Read More: How to Challenge Charges on Your Credit Card Bill

Some perspective on bankruptcy in New York

Filing bankruptcy in New York no doubt seems like an intimidating prospect. But often, the best way to deal with a fear of something is to become more familiar with it. So here are a few interesting things about bankruptcy that will hopefully make it out to be what it really is: a legal process that . . . → Read More: Some perspective on bankruptcy in New York

5 tips for improving your post-bankruptcy credit score in New York

A real concern for many who file for bankruptcy in New York is whether they can rebuild their credit score following the end of their bankruptcy case.

Fortunately, there are effective ways to do this. And there’s no magic to them. They’re simply common sense. Here are 5 good ways to improve your post-bankruptcy credit score in . . . → Read More: 5 tips for improving your post-bankruptcy credit score in New York

Bankruptcy Look 12.15.10

CreditSlips.org is always a great source of info and analysis of bankruptcy issues and news, especially those affecting average New Yorkers and other Americans. It’s run collaboratively by the leading bankruptcy professors on consumer bankruptcy issues from several different universities around the country.

Though some of the CreditSlips.org posts may be a bit on the technical side . . . → Read More: Bankruptcy Look 12.15.10

‘Tis the season for holiday debt

As we embark on the beginning of another crazy holiday season, it’s worth pausing to reflect on ways to keep our heads and wallets in check in order to avoid debt problems and bankruptcy in the New Year.

Here are a few things to keep in mind as you fight your way through the crowds on Fifth . . . → Read More: ‘Tis the season for holiday debt

Senior citizen bankruptcies up, primarily due to credit card debt

If you’re a New York senior citizen thinking about bankruptcy because of credit card debt, you’re likely not alone.

Not only have senior citizen bankruptcy filings risen substantially from last year. But the primary cause of those filings appears to be credit card debt, not medical debt, according to research by Law Professor John Pottow of the . . . → Read More: Senior citizen bankruptcies up, primarily due to credit card debt

Retail credit cards: Not the best deal

"Even with a little cheese on them?"

Let’s say your New York bankruptcy case is completed and you’re contemplating your options for credit cards. (Because you know that having a credit card and using it wisely is a good way to help rebuild your credit.) A retail credit card (is likely not your best option. And . . . → Read More: Retail credit cards: Not the best deal

Credit card practices "explained"….in a funny and satirical way

If you weren’t already cynical about the credit card industry’s practices in the face of the Credit CARD Act of 2009 which went into effect yesterday (Feb 22, 2010), take a look at this very funny and “educational” video by Mark Fiore:

[youtube=http://www.youtube.com/watch?v=NCJHi-b0rhw&feature=player_embedded]

Click here to read more posts on NYBankruptcyNet about credit cards

For New York bankruptcy help . . . → Read More: Credit card practices "explained"….in a funny and satirical way

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