In a move that might upset some married filers, the IRS has announced that taxpayers that filed a joint tax return will not receive an economic stimulus payment if at least one of the filers does not have a valid social security number. Only taxpayers with a valid social security number are eligible for economic stimulus payments. 
Credit and Debt Blog
A Service of Debtors Unite, Inc.
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24
Mar 2008
Lifetime Financial Scheme Shut Down
Several California mortgage companies were recently shut down by Attorney General Edmund Brown for duping homeowners into “illegal and unconscionable loans.” Lifetime Financial, Nations Mortgage, Greenleaf Lending, Virtual Escrow, Direct Credit Solutions and Olympic Escrow, all owned by Eric Pony and his family, have been forced to cease all operations and have had their assets frozen by the Los Angeles Superior Court.
19
Mar 2008
Arkansas Boots Payday Lenders
In February, the Arkansas state Supreme Court declared that payday lending fees are indeed interest, and are thus subject to the state interest rate limit of 17%. Now Attorney General Dustin McDaniel is ready to enforce it.
19
Mar 2008
IRS Stimulus Payment Schedule
The Internal Revenue Service has announced that stimulus payments will be mailed based on the last two digits of your social security number. They have released this schedule so that you may anticipate your stimulus payment.
After years of haggling by both sides, the Maryland state Senate voted to eliminate the nonprofit requirement for credit counseling organizations. If approved by the House of Delegates, it will open the gates for companies looking to profit at the expense of Maryland debtors.
The volunteer income tax assistance (VITA) program has been popular with low and moderate income taxpayers for years. One firm has changed the rules by matching eligible taxpayers with asset-building programs.
Instead of simply filing a free tax return, taxpayers are also treated to two of their credit scores. They can find out if they meet lending guidelines for homeownership. The best part is that since the program is funded by Freddie Mac, the service is free.
10
Mar 2008
Stimulus Payment Schedule
If you are anticipating a stimulus payment this year, the Internal Revenue Service has announced they will follow the following schedule for sending notices and rebate payments.
04
Mar 2008
Free Credit Scores to North Carolina Residents
Fiscal Progress has announced that North Carolina residents are now able to receive free credit scores and credit reports. Because of software and funding provided by Freddie Mac, there is no cost to the client.
27
Feb 2008
Stimulus Payments–Fillable Form
If you are not normally required to file a tax return, you should file Form 1040A in order to become eligible for the stimulus plan payment. This form can be filled in online, printed out and mailed to the Internal Revenue Service.
Stimulus payments will likely not be made until May or June. Here is the form: Form 1040A–Fillable Form
26
Feb 2008
Bad Credit Means Higher Car Insurance Premiums
If you have bad credit, be prepared to pay more than just higher interest for purchases on credit. Your car insurance premiums will likely be higher also.
