Debt collectors and mortgage companies (including mortgage servicers) often use fraud against Alabama consumers.

In this video I give you an overview or big picture look at what fraud is in Alabama and what you have to prove in order to be successful in a fraud lawsuit or counterclaim.

We have found the fraud law to be a powerful weapon against debt collectors who lie (for example to obtain a payment from you) and especially against mortgage companies who lie about stopping a foreclosure, etc.

The four basic requirements include:

*Mis-statement or a lie;
*Concerning a material (important) fact;
*Your reliance upon the lie is appropriate (you did not close your eyes to the truth); and
*The fraud actually damaged or harmed you.

I hope this has been helpful – we will include more information on fraud but hopefully this is enough to give you a quick overview.

Feel free to contact us through our website or you can call us at 205-879-2447.

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You can also sign up for our free email newsletter sent out every Thursday morning – we cover topics such as the one in this post.

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A Retail Merchant is usually a shop-keeper or store owner who purchases goods at wholesale and resells them directly to customers. The general public makes the majority of their purchases from Retail Merchants.

The term Retail refers to the price paid by the ultimate consumer, and such sales are, for the most part, transacted in smaller quantities, as opposed to Wholesale, where things are bought in bulk.

Retail Merchants sell their goods in either a walk-in store, or an on-line web store, or both. Their mission is to make a profit on the goods they resell to the public.

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Credit Card Regulation–The Latest News

The Federal Reserve unveiled Tuesday the latest tranche of credit card regulation to arise out of the Credit CARD Act of 2009. The new rules, which will come into effect August 22, seek to protect consumers from the worst excesses of card issuers in the areas of rate hikes and penalty fees.

Credit Card Rates–New Rules

Up until now, credit card companies could hike your rates with no explanation, and were under no obligation to review the increase in the future. Under the new rules, they’re obliged to tell you why you’re paying more, and must “re-evaluate” the increase every six months. If they fin

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() Washington – Within days of Barack Obama’s election as president, Chief of Staff Rahm Emanuel memorably announced Rule No. 1: “Never allow a crisis to go to waste. They are opportunities to do big things.”

In late 2008, the crisis was economic. Now it is environmental, as the estimated rate of oil flow from a damaged well in the Gulf of Mexico has once again been ratcheted upward. President Obama did not use the word “opportunity” in his Oval Office address Tuesday night on the Gulf disaster, but he conveyed that meaning as he spoke of America’s century-long “addiction” to fossil fuels.

“The tragedy unfolding on our coast is the most painful and powerful reminder yet that the time to embrace a clean energy future is now,” Mr.

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I was up late at night the other night and I saw a commercial while half awake at 2 in the morning.  They had claimed that you can create your own credit file for a low fee!  It’s that easy.  You can start from scratch and you don’t have to worry about your lousy credit past.

So, this got me thinking because I have honestly never heard of something like this.  I was really curious on how it works because generally, if it sounds too good to be true, it generally is!  What I had found is that this is usually the case but I had found some alternatives that you can use if you’re looking to start a new credit file.

How can I start up my new credit file?

Now, since we want to be legal on this blog, you’re going to have to follow these instructions carefully.  If you want to start up your new credit file, the only way that you can do this is simply by applying for an EIN.  An EIN is your employer identification number.

Your EIN is generally distributed to those that have their own business.  This means that if you want to start up a new credit file, you’re going to have to start up your own business legally.  No, you can’t just set up your own fake business and get away with it, because you’re going to find that it’s not going to work.

Now, you’re going to realize that many companies are still going to require your social security number, but there are places that will accept an EIN.  You’re going to have to find these places.  Establishments such as jewelry stores, office product based stores, and places that relate to businesses are going to accept your EIN, rather than your social security number (SSN).

When those places do accept your EIN, this is technically your business and not your personal credit report.  Chances are that if you do use this number, your credit limits are going to be rather low, since you will be new to the game again.

You have to remember that these EIN’s are assigned to new businesses only and this is one of the only ways that you can legally establish one.  You don’t want to apply for one if you don’t  intend on opening up your own business, because the IRS will catch onto you.

How can I get my EIN?

You will simply want to go to IRS.gov, request a EIN and fill out the application.  The IRS will give you a temporary EIN.  You will then receive a packet confirming that number.

More than likely, those that are going to say that they can create a new creit file are those that are going to scam you, so beware!

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