A reader sent us the following debt fraud alert: A company with no name is sending out delinquent debt collection letters allegedly on behalf of American Express. If receive a debt validation letter, please read the fine print on both the stationary and envelope!Debt collection tactics in the AE case:The top of the letter contains an address, but no company name. In small type at the … [Read more...]
Credit Card Company Beats Wall Street Estimates by Raising Interest Rates
Master Card and Visa have been gouging cardholders for years, while American Express remained consumer and small business-owner friendly. Not any more. American Express raised interest rates about a year ago. Rates were hiked by over 5 percent annually in our low interest economy.The purported reason: Too many cardholders were walking away from their obligations. Or so American Express … [Read more...]
American Eagle with Injured Left & Right Wings
Poor American Eagle. He flew over a US military base and was caught in a hail of friendly fire. An American Tale by Dr. Joyce Starr A farmer in Kansas found the Eagle in his barn, struggling with horrific wounds to his left wing. The right wing was in better shape, but growing weaker by the day from internal injuries.Amazingly, it was the same Kansas farm - foreclosed, … [Read more...]