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Sallie Mae Says There is Nothing They Can Do to Help Us With Massive Loans

student loan debt

“Dear Steve, My husband and I have been married for 6 months and have a baby due in the fall. My husband has over $100,000.00 in Sallie Mae private loans. His parents took these out for him on his 18th birthday, and sent him to a private college out of state where he graduated in 4 years with a bachelors ... Read More »

FTC Says It Stopped Office Supply Scammers

ftc

At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of an operation that bilked nonprofits, businesses, and municipalities out of millions of dollars by deceptively sending them overpriced light bulbs and cleaning supplies that they never ordered. The FTC seeks to permanently stop the illegal practices and make the defendants return victims’ money. ... Read More »

U.S. Fines Bank of America for Hustling Mortgage Loans

Real Estate Concept

U.S. District Judge Jed S. Rakoff yesterday ordered Bank of America to pay a significant civil penalty of $1.27 billion for fraud it committed before and during the time taxpayers invested $45 billion in the bank through the TARP bailout. Additionally, former Bank of America executive Rebecca Mairone was ordered to pay a civil penalty of $1 million to the ... Read More »

The Most Overlooked Way to Stop a Federal Student Loan Wage Garnishment

Stop Countrywide Mortgage Abuse

“Dear Steve, Student Loan in default. I have been paying my wage garnishment for almost a year. First of all, THANK YOU for being so helpful with these articles. I am trying to find more information on this new law is nearly impossible which I find odd and discouraging. So having your articles to read is so helpful. I wanted ... Read More »

Did the CFPB Just Totally Blow Off CCCS and NFCC?

Adult Ed - Questions

I could not help but notice an absence of some familiar faces in an announcement by the Consumer Financial Protection Bureau (“CFPB”) today on financial education. The CFPB announced an inspired national project to help those most in need to get more education about managing their finances. You would have expected the National Foundation for Credit Counseling to have been ... Read More »

My Elderly Mother is Struggling in Credit Counseling. What About Bankruptcy? – Tracey

Sad Elderly Lady

“Dear Steve, My mother is 77 years of age. Her memory is no longer the best for her finances and she gets confused as to who gets paid what and how much. the debts, even though she doesn’t even use the cards but one walmart for groceries the interest rates and payments have gone over the roof so to speak. ... Read More »

Yet Another Bullshit Debt Relief Mailer From Anonymous

2014-07-26 13.03.34

Thanks to an awesome reader who received this recent debt relief mailer, I can share it with you. Just when you thought the debt settlement industry had cleaned up their act and was flying right, or at least a lot more level, comes this mailer. Again we have the standard deceptive mailer that appears to pretend to be an official ... Read More »

National Student Loan Assistance Center – Consumer Review – July 25, 2014

Feedback

Company Name: National Student Loan Assistance Center Describe the Service You Received: This service was 699.00 broken up in 6 month installments. They promised you that you woud get a low monthly payment. I am about to pay my student loans and they are 382.00 a month. The only thing this company did was fill out the paperwork for me ... Read More »

Four More in Custody for Mortgage Modification Scam

mans hands behind bars in jail or prison

It’s been a rough week for companies who are selling mass joinder and mortgage modification help. See here, here, and here for stories. But today brings a new round of alleged bad debt relief actors landing in trouble with the law. According to the Office of the Special Inspector General for the Troubled Asset Relief Program on Tuesday, federal agents ... Read More »

CFPB Goes After Mortgage Relief Scammers

cfpb

Consumer advisory: Don’t fall for a foreclosure relief scam or bogus legal help The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), and 15 states announced a sweep against foreclosure relief scammers that used deceptive marketing tactics to rip off distressed homeowners across the country. The Bureau is filing three lawsuits against companies and individuals that collected more ... Read More »

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