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Debt Relief Providers Still Crying From Low Delinquencies

cc delinquency

According to the credit reporting agency TransUnion, credit card delinquency has hit a seven year low. That’s good for consumer but not so good for credit counseling, debt settlement, or bankruptcy providers. The national credit card delinquency rate declined to its lowest level in at least seven years, dropping from 1.27% in Q2 2013 to 1.16% in Q2 2014. The ... Read More »

    Mass Joinder Player Phillip Kramer Resurfaces in Different Scheme Alleges CT & FL

    a_kick_in_the_nuts

    In a bit of a shocker a couple of names who were hot and heavy in the front-end of the mass joinder schemes have resurfaced again according to the State of Connecticut and the Attorney General of Florida. On August 22, 2014 both parties filed an amended complaint against a whole chadre of individuals and companies. They included Berger Law ... Read More »

      Student Debt Doctor Decides Use of Department of Education Logo is OK

      oops

      UPDATE 8-27-2014: Hat tip to Gary White from Student Debt Doctor for pulling the Department of Education logo from the site following the article below. Gary said, “I had no idea that was the Department of Educations logo and have taken it the logo down. I had a friend do the site for me, I asked that he put a ... Read More »

        Hell Just Froze Over. Global Client Solutions Tagged by CFPB.

        cfpb

        The Consumer Financial Protection Bureau has just announced an action they took against the bulwark debt relief escrow company, Global Client Solutions, who was collecting fees from consumers. Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against Global Client Solutions, a leading debt-settlement payment processor, for allegedly helping other companies to collect tens of millions of dollars ... Read More »

          Did This Student Loan Relief Company Just Put Out the Worst Ad Ever?

          Actual event photo. Notice a different website is actually in the banner.

          A reader and tipster sent in the image below of an advertisement they saw on Facebook. They said, “Check out the attached Facebook ad – they are implying that their website, studentdebtsupport.org, which redirects to Streamline Student Loan, is a part of the College Affordability Act. They also claim in the same ad that “EVERYONE” qualifies for forgiveness, and to ... Read More »

            FTC Asks Court To Shut Down Phony Debt Relief and Credit Repair Scheme

            scam

            The Federal Trade Commission asked a federal court to shut down a scam that targeted financially distressed Americans by pitching a phony debt relief and credit repair program, and by falsely claiming the program was provided and funded by the federal government and endorsed by President Obama. The FTC’s complaint targets the operators of two websites that were allegedly full ... Read More »

              Is It True My Sallie Mae Student Loan Could Have Been Discharged in Bankruptcy? – David

              Student Loan Corkboard Concept

              “Dear Steve, I filed Ch 7 in 2008 and had federal & private student loans. For the student loans in question, I took out federal loans (from Sallie Mae) that paid for the full cost of attendance. These loans are now in a repayment status. I also took out private loans (from Sallie Mae). these loans were not certified by ... Read More »

                Sallie Mae Won’t Forgive My Teacher Loan. – Mona

                teacher

                “Dear Steve, I have been paying on my student loans with Sallie Mae for almost 15 years. I have a perfect payment history, no defaults, no late payments, PERFECT! I took the bare minimum of a loan which is down to $26,000. Before going to graduate school, Sallie Mae told me that I would get a loan forgiveness of $17,500 ... Read More »

                  My Sallie Mae Loan in Default is No Longer Listed. – Katherine

                  Missing Concept.

                  “Dear Steve, One of my loans is no longer listed on my sallie Mae account, or so it appears. I am not entirely positive what is happening, because I had a forbearance in effect, but I am wondering if it didn’t address all of my loans, because when I went back in to set things up since the forbearance is ... Read More »

                    Why Can My College Keep My Transcript Hostage? – Kimberly

                    transcript

                    “Dear Steve, I seen a question that a guy asked you about owing a college and them holding his transcripts. I am in the same boat. I owe a private college in nyc a little less than 7,000 and I got my Associates Degree, I want to go get my Bachelors but its holding me back because I can not ... Read More »

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