Debt settlement Scams Explained

Debt Settlement Scams As the credit crunch is felt around the world many people are trying to make more room in the family budget by paying off some debt for less than what they owe. Paying off your credit card or other loans for less than the full amount due is known as a settlement. …

Morgan Stanley pays $7.5 million to avoid trial

Morgan Stanley, owner of Saxon Mortgage, and other Wall Street firms agreed to pay $100 million to settle a lawsuit accusing them of propping up American Business Financial Services Inc. A spokeswoman for Morgan Stanley, which agreed to pay $7.5 million, said the New York company wanted to “avoid a lengthy trial.” Morgan Stanley stopped …