Tag Archives: Response

CEO of One particular of the Nations Leading Industrial Debt Collection Agencies Concerns Response to Hike in Student Loan Interest Prices

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Bohemia, NY (PRWEB) July 05, 2013

On July 5, 2013, John Monderine, CEO at one particular of the nations top commercial debt collection agencies, Speedy Recovery Solution, comments on congressional gridlock involving intense increases in student loan interest prices.

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According to a June 30th, 2013 write-up from CNN Money, Student loan prices doubling on Monday, interest prices of subsidized government loans will a lot more than double on July 1st, climbing up to six.eight%. Lawmakers have attempted to forge a deal in order to alleviate the economic stress experienced by Stafford loan recipients but have been effective therefore far.

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Congressional lawmakers have been unable to come to a consensus and garner support for a bipartisan bill, as they are weighing regardless of whether to produce a quick term or extended term remedy based on present market place conditions. Justin Draeger, president of the National Association of Student Economic Aid Administrators, tells students to brace themselves for the unexpected, “We’re advising our schools to tell students that their subsidized Stafford interest prices are going to be 6.eight% on July 1.”

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Students are increasingly concerned about the ambiguity of the bill and worry no deal will be made in order to address student loan debt. Many students such as Rachel McGovern really feel as although they are becoming ignored, I find it actually frustrating that practically nothing is even becoming brought up, considering that Congress is now in recess,” and “It feels like they are just ignoring student needs right now.”

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John Monderine, CEO of 1 of the nations top commercial debt collection agencies, Speedy Recovery Answer, believes Congress must get their act collectively in order to come up with a remedy, Student loan debt is a burgeoning difficulty amongst young adults and Congress wants to come to a consensus and avert interest rates from spiraling out of handle. While lawmakers are debating amongst enabling rates to rise later versus extending low prices for a year or two, the longer it requires for them to devise a strategy the longer students will be held in limbo.

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Monderine also notes the growing severity of student loan debt, Student loan debt is a main financial crisis inside this country, with far more and much more young adults graduating with debt and unable to attain jobs. This is the second biggest sort of consumer debt out there, behind mortgages. As of 2011, the typical college graduate owed an average of $ 27,000 in student loans.

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Founded in 2006, Fast Recovery Resolution, Inc. is headquartered at the highest point of beautiful Lengthy Island. Fast Recovery Collection Agency is committed to recovering your funds. We think that each debtor has the capacity to pay if motivated correctly. We DO NOT alienate the debtors we attempt to align with them and offer a number of methods to resolve not only your debt but also all their debts. &#13

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Leading Direct Response Television Production Firm, Marcus Productions, Inc., Refuses to Produce Loan Modification and Debt Consolidation Commercials

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Hollywood, FL (PRWEB) September 15, 2010

With years of directing and generating some of the most productive direct response commercials, Director Steve Marcus refuses to accept projects from loan modification and debt consolidation organizations who try to scam the customer by asking for money in advance. It issues Steve that other businesses will accept these projects knowing that they are ripping off consumers.

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Steve, who has directed hundreds of effective, national Television campaigns, is concerned that these commercials are getting developed by other companies just to make a quick buck. Marcus productions prides itself for being quite selective with the projects it accepts.

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Forty percent of the projects that come to Marcus Productions are refused because the claims produced by firms can not be substantiated. And, with the way the economy has been more than the last couple of years, the scam artists are coming out of the wood function with new suggestions to rip individuals off via television.

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Mesa Law Group New Lien Elimination Item Receives Sturdy Response

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Costa Mesa (PRWEB) April 9, 2010

Mesa Law Group, an innovative California-primarily based law firm with specialty financial solutions has created a new Lien Elimination program to assist residence owners facing foreclosure or financial hardship due to hard financial instances. With robust initial response from clients, Mesa is able to challenge and get rid of liens or other encumbrances against an individual which in a lot of instances consists of the removal of a second mortgage lien.

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For homeowners, the outcome is the elimination of a second mortgage with out penalty from the lender or IRS for taxes. In the approach the individual keeps their home and allows for repayment by means of decreased payments, lowering the time needed to rebuild credit, and saving as much as 3 occasions the cost in interest savings. Although bankruptcy is usually regarded as taboo right now, a Chapter 13 or Property owners Bankruptcy is often the greatest answer for these in hardship due to the economy. As an instance, a homeowner with a $ 500,000 mortgage where the property is now only worth $ 200,000 and a $ 100,000 second mortgage, Mesa is in a position to negotiate the removal of the second mortgage so that the initial mortgage can be successfully modified to stay away from foreclosure.

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In the words of Mesa client Donovan T., When I came to Mesa Law I initially intended on hiring the firm to assist us with the restructuring of our first mortgage but soon after spending time with our counselor and the attorney staff we agreed that a bankruptcy would aid our family more than a modification of our loan. We had a pretty great price on our loan and the counselor we spoke to informed us that it wasn’t our mortgage that was a difficulty it was our debt. At the finish of 3 years my credit card debt and second mortgage will be gone for great finally. Thank you to the Mesa Law Group.

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Even with the assist provided by the Government and a loans getting modified for years, property owners are nevertheless in economic difficulty. Mesa Law utilizes bankruptcy as a tool backed by expert insight to help home owners in need. By focusing on the specific challenges of those facing foreclosure and bankruptcy Mesa Law Group is possessing accomplishment exactly where other mortgage and legal experts run out of alternatives, stated founder and President Paul Peterson.

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About Mesa Law Group&#13

Mesa Law Group is a legal corporation supplying specialty financial services. Mesa helps borrowers navigate bankruptcy, home owners avoid foreclosure, mortgage brokers to give consumers much more possibilities, and protect these in need of legal representation. An innovator in the industry, the organization has created the Forensics Loan Audit and other exclusive programs that empower borrowers and those with economic hardship. Offering detailed financial evaluation backed by legal counsel, Mesa Law group applies traditional and more modern alternatives such as Bankruptcy Protection, Debt Restructuring, and Lien Elimination to find the ideal resolution for every single client.

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For more data check out our site: http://www.mesalawgroup.com

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New York-Based Debt Collection Agency CEO Issues Response to the Rise in the States Debt Collection Lawsuits

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Bohemia, NY (PRWEB) June 16, 2013

On June 16, 2013, John Monderine, CEO of New York-primarily based accounts receivable collection agency Speedy Recovery Solution, comments on an write-up explaining how the number of debt collection lawsuits are rapidly rising due to collectors sewer service tactics.

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According to a June 11, 2013 report from Business Week, How Debt Collectors Ruin Credit Reports With Sewer Service, the New Economy Project reports in 2011 there had been upwards of 200,000 debt collection lawsuits in New York State. Debt collectors have been capable to win judgments by default since borrowers failed to show up in court due to sewer service tactics. Creditors who engage in these tactics send subpoenas down sewer drains rather than to the recipients.

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Men and women discover that these unknown default judgments come back to haunt them when applying for a loan. Internet designer Brian Pindell explains the difficulty in attaining a disaster loan from the Tiny Enterprise Administration: The SBA denied my application since of two judgments that have been apparently on my credit report. Pindell was never ever notified of either judgment, and received no subpoenas.

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John Monderine, CEO of Speedy Recovery Solution, one of New Yorks premier commercial debt collection agencies, says that totally free credit checks can support decrease the probabilities of becoming a victim of unethical techniques. Free of charge credit checks can aid consumers discover out if they are becoming subjected to these crass tactics otherwise any blip on an individuals credit report will show up when least anticipated. At that point, there is quite small a consumer can do to mitigate the scenario. If a default judgment is ascertained swiftly, consumers can create to credit bureaus explaining why theyre becoming judged. Supplied their credit reports are clean, judgments will most probably be disregarded.

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Default judgments are quite difficult to overturn by modest enterprise owners who find themselves in such as a predicament, as former collection agency owner, Michelle Dunn explains. You can no longer dispute the debt, she says. If its a small claims quantity, you paythats what most individuals do. If its a bigger amount, you can get an attorney, but a judgment genuinely is a final judgment.

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Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of lovely Extended Island. Speedy Recovery Collection Agency is committed to recovering your funds. We think that each debtor has the capability to pay if motivated appropriately. We DO NOT alienate the debtors we attempt to align with them and offer a quantity of ways to resolve not only your debt but also all their debts.

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Lawyer Basic Coakley Sues Banks Over Foreclosures: McGeough Lamacchia Realty Concerns Response

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Waltham, MA (PRWEB) December 03, 2011

McGeough Lamacchia Realty, the #1 Listing Agency in Massachusetts, issued the following statement in response to the lawsuit brought against 5 main banks by Massachusetts Attorney Common Martha Coakley for alleged illegal foreclosures and loan servicing practices:

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Weve been saying this for years. Loan modifications have been the largest creator of false hope by banks and the government considering that this foreclosure crisis started, says John McGeough co-broker/owner of McGeough Lamacchia Realty.

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Coakley announced Thursday she is suing 5 national banks, Bank of America, Wells Fargo, JP Morgan Chase, Citi, and Ally Monetary (formerly GMAC), as nicely as Mortgage Electronic Registration Program, Inc. (MERS) and its parent, MERSCORP Inc., in connection with their roles in allegedly pursuing illegal foreclosures on properties in Massachusetts as nicely as deceptive loan servicing which includes loan modifications. (Commonwealth of Massachusetts v. Bank of America N.A., 11-4363, Suffolk County Superior Court, Boston).

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“The single most crucial point we can do to return to a healthful economy is to address this foreclosure crisis,” Coakley stated in a statement Thursday.

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Amongst other claims, Coakley alleges every single of the Bank Defendants deceived Massachusetts borrowers about loan modification specifications resulting in elevated and unnecessary defaults.

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For instance, the lawsuit alleges the Bank Defendants deceived Massachusetts borrowers by informing them they must be more than 60 days delinquent to get a loan modification, when the truth is that delinquency is not often necessary. In truth, if default is imminent, borrowers are supposed to be considered. Borrowers who otherwise could qualify for a loan modification were becoming improperly denied or dissuaded from applying.(1)

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I applaud the Massachusetts Lawyer Basic for including these loan modification practices in their suit. We have observed hundreds of home owners over the last three years stop paying their mortgage due to the fact they had been told they had to be late in order to be considered for a loan modification. Then following waiting months, the loan modification was denied. By this time, they are at least six months behind with no possibility of catching up, says Anthony Lamacchia, co-broker/owner of McGeough Lamacchia Realty.

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Trial modifications have been found to be deceptive as properly. Prior to June 2010, Bank of America converted only about 30% of trial modifications to permanent modifications. Wells Fargo reported a equivalent conversion rate for the time period, whilst Citi and Chase hovered at roughly 40%.Borrowers have been strung along in trial modifications for nine months or longer, subjecting them to plummeting credit scores and mounting delinquency amounts.(1)

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The Bank Defendants’ modification efforts have been so poor that, for the initial quarter of 2011, the United States Treasury Department withheld payment of the HAMP (Property Reasonably priced Modification Program) Servicer Incentives to Bank of America, Chase, and Wells Fargo, noting they have been in “require of substantial improvement.” (1)

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They have also been accused of writing loans and modifications they knew their clients could not afford and foreclosing on properties exactly where they were not the mortgage creditor.(1)

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We have been saying all along that distressed home owners want the truth more than anything. If they do not qualify for a extended term loan modification they deserve to know and to know swiftly so they have adequate time to explore other foreclosure options such as quick sales which give a graceful exit from a property if they are underwater and can no longer afford their house, stated Lamacchia.

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For a lot more data about the lawsuit, go to the New England Brief Sale Weblog

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1.Commonwealth of Massachusetts v. Bank of America N.A., 11-4363, Suffolk County Superior Court (Boston).

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Bank of America Loan Modification Response Video Featuring Attractive Vampires Debuts on the Banking Bad YouTube Channel

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San Deigo, CA (PRWEB) December 27, 2012

The Banking Poor YouTube channel just recently completed the second video in a series of brief films that addressed a shocking banking scenario with a colorful cast of characters. Banking Undesirable Episode two features a quirky banker (with less than personable client service abilities), a pair of sexy vampires operating at a mortuary, and a comedian. All of these characters work in an revolutionary and inventive collaboration in order to assist tell the tale of a outrageous banking encounter, which is based on actual events. The Banking Poor channel has been featured on Bloombergs Businessweek and has been written up in MSN Real Estate.

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Nicholas George, author of the film generating book Film Crew: Fundamentals of Specialist Film and Video Production, makes his contribution to the series by playing a modern day day vampire variety who performs as an undertaker. It was a wonderful deal of entertaining to portray such a macabre and mysterious character, and hopefully that segment added some comedic relief and extra entertainment worth to the Banking Poor show. mentioned George, But it was also a great feeling to be a element of a project that brings focus to financial and social issues that influence so several individuals on a individual level.

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The Banking Poor YouTube channel seems to be steadily becoming a platform for a lot of disgruntled buyers to voice their personal experiences with the banks. Banking Bad has also teamed up with homeowners advocate Steve Triebernig, who hosts the Facebook page Hold Bank of America Honest. Steve Triebernig appears in the newest episode of Banking Undesirable and has been instrumental in helping many home owners in dealing with the banks in order to save their properties through his business All Factors True Estate. Steves business has been nominated for a Much better Enterprise Bureau Integrity Award and is positioned in Minnesota.

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The Banking Poor YouTube channel began recently with zero subscribers, but had swiftly gained viewership. The channel now has over 31,000 views and close to 1000 subscribers. As more and far more men and women use social media as a way to reach out to big corporations and try to have a optimistic influence on the buyer service they receive, Banking Negative intends to help give a voice to the average customer. Shoppers are welcome to use the Banking Undesirable Facebook web page or leave comments on the Banking Bad YouTube channel or web site.

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About Banking Bad: &#13

The Banking Poor internet site and YouTube channel are dedicated to educating and informing the public of strange or immoral activities involving banking institutions. Banking Bads social media expertise such as the Banking Negative Twitter web page allows users to join the conversation and exchange details about their newest loan modification or banking pitfalls or successes.

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New Demand Response Programs Balance Grid Peak Demand and Give Extra Revenue for Participating Corporations

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Philadelphia PA (PRWEB) May 31, 2013

National Energy Technologies Announces a partnership approval as Direct National Affiliate provider for En ergy Curtailment Specialists (ECS). ECS is the Nations premier Demand Response (DR) specialist. Demand Response applications have turn out to be an essential element of energy arranging. Rather than build additional energy plants or impose rolling blackouts just to satisfy peak instances of intense grid shortages, power firms are adopting Demand Response programs. DR allows electric grid operators to decrease program tension for the duration of rare emergency peak events. The big user gets rewarded drastically to stand prepared to lessen a pre-determined amount of electricity as a final line of method defense. The events are uncommon, completely predictable and usually only final for two hours.

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National Energy Technologies has partnered with ECS since of their grid tension prediction ability, their exclusive shadow meter and their curtailment call center strategists. ECS is so immersed in grid supply and weather patterns that their curtailment group is in a position to provide up to two days notice before an event.

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ECS has been in the business for over ten years placed over 1200 satisfied clientele and has paid out over $ 150 million to plan participants. According to Scott Milne, CEO of National Power Technologies, “Demand Response reduces pollution, positive aspects the power organization, and produces a new huge earnings stream to a company. A actual Win, Win, Win.”

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With no expense, a trace meter will be installed to enable the curtailment management team to accurately monitor events in genuine time. Along with the shadow meter will comes the patented cutting edge Demand Track software program.

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Demand Track is a strong cloud based platform that makes it possible for customers to view information, charts and reports that make plan administration easy. A demand response consultant will very carefully analyze business practices and will assist in figuring out the correct curtailment procedures and amounts. Participating in the event is not mandatory and does not need to completely meet the pre-determined objective. Participation in the plan is fully free of charge and reward will be determined by curtailment quantity, and the capability to meet these commitments. This system is perfect for huge organizations with effective back-up generation or co-generation systems. Utilizing these systems in the course of an DR occasion can let for extra curtailment without effecting operation.

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National Energy Technologies LLC has elevated the common of excellence of Conservation Consulting Solutions by combining knowledge in several utility reduction practices in a comprehensive but holistic method. We are a industrial facility conservation consultant specialist. Our firm will introduce, and seek the advice of on targeted technologies made to maximize utility savings with the shortest ROI. Our tactics will save from five to 25% on electrical energy, cooling, water, or fuel, by correcting inefficiencies in air conditioning, large refrigeration, lighting, laundry, compressed air, water flow and many other resource depleting activities. National Power Technologies performs power assessments, corporate counseling, public speaking, and can seek the advice of on demand response, deregulated power contracts as nicely as ongoing power modeling. Our technicians are efficiency specialists and realize all elements of huge facility infrastructure. 800-984-0332

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