New Mexico Credit Scores Reveal Persistent Racial Disparities in Credit Health During the Pandemic
Credit Health in the Pandemic reveals no decline in racial disparity. Credit Scores. Errors in Credit Reports and Debt Collection.
Help for People Impacted by Corona Virus
We want to help you get through the financial storm that the Pandemic is sure to create. Your bills won't stop just because your income drops.
Here are the steps you can take to inform and protect you and your family
Humphreys Wallace Humphreys has gathered information from various sources for the response you can expect from the big national banks as well as many of the largest banks doing business in Oklahoma. We are also sharing our ideas on what you need to do to secure needed help and to be sure your bank or creditor lives up to their word.
Step 1: Be Aware
You need to be aware of exactly what is being offered and what that means. There are huge differences in assistance offers. A payment deferral is not a payment forgiveness. You must make up and pay back any deferred payment. The question is: when is the payment deferral due? If you are given a three month deferral, does that mean you must pay back the entire amount being deferred at the end of the deferral, i.e., in 90 days from now? Are there fees or charges, such as late fees, being assessed? If so, how much and when are they due? Is the deferral going to damage your payment history or credit score?
Step 2: Check Out What Your Bank Can Provide
Click here for information we gathered from the largest national and local banks doing business in Oklahoma. This list and the offers for assistance that are described may or may not be the most current offer available. Be sure to check with the bank or credit union listed to be sure you have the most up to date information.
Step 2: Confirm Your Agreement
Contact your bank and tell them what you need. Be clear and direct. As always, confirm the specific details of the assistance you need. Get the name and email address of the representative you speak with and send an email confirming the agreement. If they won't give you an email address, at least get the employee's full name or employee ID. Be sure to make and keep good notes on what agreement was made. Document in your notes if you were refused an email address to confirm the specifics of your agreement. Consider sending a fax to the general fax number and be sure to include your name, the date and your account number on everything.
Step 3: Call Us for Free Help if You Hit a Roadblock
Due to the public health crisis, we are offering no-charge consultations to answer your specific questions about your financial obligations to your creditors in Oklahoma and New Mexico, credit reporting and your credit score.
If you run into a roadblock or have questions about your rights or what to do, please contact us contact us for a free consultation.
Be safe and stay at home if you are able!
Car Dealers in New Mexico MUST Tell You the Truth!
Helpful tips about how to buy a vehicle in New Mexico, what questions to ask, advice about your power before you sign any papers and what to do if you think the dealer lied.
My Car Was Just Repossessed in New Mexico, What Do I Do Now?
My car was repossessed. What can I do after my car was repossessed? What to do if your vehicle was repossessed by mistake or in error.
Why You Should Inspect the Title BEFORE You Buy a Used Vehicle in Oklahoma
When you buy a used vehicle, you should insist on seeing the actual certificate of title for that vehicle before you agree to sign anything. We explain why you should ask to see the title, what you should look at when you inspect the title. We also explain the differences and meaning of a green, orange, red, yellow. blue and purple title. You will also learn when and how you can rely on a Car Fax or Auto Check Report and why it is not a substitute for the actual certified title history of a used vehicle.
Help for People Impacted by Corona Virus
You may have lost your job during this lockdown. Your creditors may look to take advantage of your financial distress. We offer several tips to protect yourself and your family during this pandemic.
If you Just Lost Your Job, Now is The Time to Take Action to Protect Yourself
"Let go", "furloughed", "cut back", or just plain "fired." All these phrases are being used to describe the jobs lost due to wild adjustments being made by business, big and small, in response to the latest news about the coronavirus impact on our service based economy. Particularly hard hit are restaurants, bars and retail business shutdown by government mandate or customers staying home. This blog offers consumer protection tips for workers who have lost their job.
Consumer Protection Tips for Service Workers During the Coronavirus Pandemic
Watch this very short video for consumer protection tips for service workers who have lost their job or had a reduction income.
7 ways to discover if a used vehicle has been wrecked
Buying a used car that has been wrecked can turn your world upside down. 7 tips to help you determine whether your vehicle has been wrecked.
Buyer Beware! Has This Vehicle Been Wrecked?
Car dealers sell previously wrecked vehicles without telling buyers. Sometimes these previously wrecked cars can be dangerous or cause great financial and emotional stress. A previously wrecked car can wreck your life. Here is one way to protect yourself next time you are looking to purchase a vehicle.
Did I just buy a previously wrecked Car?
After you buy a new or used vehicle from a dealership or a private seller, sometimes the thrill of a new car or truck wears off too quickly. You may just be feeling a little “buyer's remorse,” or it might be something much worse. It could be a nagging sense that you've been had. Some of the red ...
Podcast with Scott Glovsky
Trial Lawyer Podcast Appearance On August 10th, David Humphreys joined Scott Glovsky to talk about about past experiences. “In this episode Scott talks to David Humphreys, a trial lawyer who practices in New Mexico and Oklahoma and specializes in suing financial institutions that lie, cheat and...
Arbitration Update– BestBuy.com to force consumers into secret binding arbitration
Best Buy began notifying consumers this week of an update to its terms and conditions for membership in its My Best Buy program. If you purchase any Best Buy product, regardless of whether it is a large ticket item like a new TV or some trinket at the checkout counter, you will lose your right t...
Bank of America mortgage servicing failures continue to harm homeowners’ credit reports
The mortgage servicing giant, Bank of America, was recently sued for the second time by the same homeowners for false credit reporting. The federal judge presiding over the case recently denied the Bank's motion to kick the case out of court. Bank of America is no stranger to private consumer l...
Wells Fargo Customers’ Damages May be Far Greater Than What is Offered in CPI Class Action Settlement
Are you one of those Wells Fargo customers who had their lives turned upside down when Wells Fargo wrongfully repo'ed your vehicle several years ago? Did Wells Fargo force you to pay hundreds if not thousands of dollars to just get your vehicle back after it fraudulently repossessed it, in part ...
Debt Collection by Text Messaging and Direct Social Media Messages?
Its headed to us under the new Debt Collection Rule proposed by the CFPB Abusive debt collection practices run rampant nationwide. Oklahoma consumers have filed more than 5000 complaints about debt collection practices with state and federal regulators since 2008. The Consumer Financial Protecti...
Guest Blog Post
We recently posted a video about HWH Law shot by a production team out of Santa Fe, New Mexico. They gave us this feedback: Guest Blog post
HWH Introduction
We'd like to share a video and tell you more about ourselves and our practice
Credit Card Debt and “Debt Settlement,” Real Relief or a Scam?
It's a familiar story for all too many Americans. You struggle with debt and debt collectors daily. You don't want to file bankruptcy and are looking for alternatives when you come across an advertisement online for a “debt settlement” company… It can't hurt to reach out and see what they could...
What is “out of network” and why is my Health Insurance Company not paying all of my medical bills?
Help! What is “out of network” and why is my Health Insurance Company not paying all of my medical bills? On an average day, a patient pays a visit to their doctor with standard cold and flu symptoms. The doctor orders a chest x-ray, calls a radiologist to take a look, and it turns out that ever...
Security Finance Group Slapped With Fine for Debt Collection Harassment
Security Finance and its affiliates have a track record of trouble with the law. In one case handled by Humphreys Wallace Humphreys, we established Security Finance affiliates engaged in a loan flipping scheme, trapping customers in debt. In that case, Security Finance did not tell their customer...
Has my car (or truck) been wrecked?
Most people know about Carfax and use it or AutoCheck before they buy a vehicle. Neither report is any guarantee that your vehicle has not been in a serious wreck. Did you know that neither AutoCheck nor Carfax does anything to actually investigate the collision history of your vehicle? They simp...
What is a Corporate Advance?
You should have a healthy dose of skepticism and concern if your monthly mortgage statement includes a line item charge for a “Corporate Advance.” While the phrase sounds innocent enough, it is not. What you do not realize is that this phrase “Corporate Advances” may cost you your home. What ...
CFPB Future in Jeopardy
CFPB opponents trying to use the spending bill to put the agency's budget under congressional appropriations must be stopped. https://www.americanbanker.com/opinion/congress-should-not-hold-cfpb-hostage-in-budget-talks
A Kid Gets Caught Shoplifting; Interrogation, Intimidation, and Extortion Follow
A true crime story designed by Corrective Education Company This holiday season, despite the success of Amazon, big retailers like Wal-Mart are packed. And Wal-Mart is on high alert for shoplifters… When the poor, the desperate, or even the occasional thrill seeker shoplifts, “asset protection”...
Mortgage Servicing Errors Impact Families
It can feel like you have nowhere to turn when a bank threatens to foreclose on your home. Often, your lender has a vested interest in seeing you fail, but despite their worst intentions, you can take action to stop predatory mortgage loan servicers from stealing your home. But when you are unabl...