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Student Loan Assistance Rescue Scams On the Rise – Buyer Beware

robbery

There has been a sudden rise in the number of companies that are selling purported student loan assistance programs. Recently I covered three such programs here, here, and here. You can see all the stories on student loan rescue companies here. One of these programs was even being sold by an IRS approved non-profit charity that targets military members. The ... Read More »

Federal Student Aid Relief Website Generates Legitimate Concerns

Audit Stamp Shows Financial Accounting Examination

A reader wanted to know more about a company called Federal Student Aid Relief that operates a website (FederalStudentAidRelief.com) with a picture of a capitol building on the site. The reader claims they did a bit of secret shopping as well and said, “When I called them I got a guy with a heavy New York accent who definitely implied ... Read More »

Reader Expresses Concerns About National Business Capital Mailer

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A reader sent in a copy of a mailer they received from National Business Capital and wanted to share it with others. As you can see the mailer promises the company has been qualified for a line of business credit. They advertise the business will receive a check book and will be free to write separate drafts as needed. No ... Read More »

Real Estate Law Center & Chad Pratt Still Sending Mass Joinder Offers

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A tipster (send in your tips here) sent me a copy of a mass joinder mailer they just recently received. The mailer looks familiar to the Form 1012-R and Form H-118 advertising mailers that were sent over the past few years in an effort to sell consumers mortgage relief services. As you can see below, the form looks official and ... Read More »

BBC National Lottery Emails Are a Scam. Warn Others.

scam

Readers keep sending in emails, like the one below, wanting to believe it is real. It’s a scam and typically results in a request for the recipient to pay some fee to get their prize. The scammers can’t even spell correctly. From:BBC NATIONAL LOTTERY To: Date:12/14/12 Subj: CONGRATULATION,DEAR WINNER OPEN THE ATTACHED FILE FOR DETAILS. KINDLY DOWNLOAD THE ATTACHED FILE ... Read More »

Robert J. Buscho & Anaheim Legal Center Law Offices of Kenneth W. Szalonek Mystery

odd

A tipster (send in your tips here) sent me a message and said I should take a look at centerlegal.com (abogadolegal.com) regarding a .Robert J Buscho. The message said: “Please follow this link to the site [Robert J. Buscho] is still advertising himself as an attorney on. He does not speak Spanish and he has preyed on helpless, desperate people ... Read More »

Life After Bankruptcy: How to Quickly Have Great Credit and Dumb Mistakes to Avoid

With a little education and guidance your life after bankruptcy will be awesome.

So you filed bankruptcy. Congratulations on taking steps necessary to deal with your old debt and get the legal protection and fresh start you are entitled to under the law. Your journey isn’t over though. The best days are now ahead of you but you will need to take action to rebuild a better financial future. Below you will find ... Read More »

Personal Finance Author Gail Vaz-Oxlade Turns Away From Credit Counseling

change your mind

In a slowly building concern over personal finance advice, Gail Vaz-Oxlade, author of Money Rules, Debt Free Forever, It’s Your Money, and more personal finance books, is quoted as reversing her position about credit counseling in Canada. Gail Vaz-Oxlade, author and host of Til Debt Do Us Part and Princess, used to recommend credit counseling services to consumers in financial ... Read More »

EFA Processing Takedown Request Makes Me Want to Examine the Facts

detective

As a result of a takedown request this site received regarding a guest post here, I decided to look into the facts that were publicly verifiable. What you find below is not really an article, but the results of my research. The contributed article by Jason Spencer, here, is his statement of opinion and internal facts as he knew them. ... Read More »

Credit Reports Screwed Up. Anyone Surprised?

"Credit rating" handwritten with white chalk on a blackboard

A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit report accuracy found that one in five consumers had an error ... Read More »

Raspberry Ultra Drops – Fox News Scam Page

scam

WARNING: Emails are going out that contain links that lead to efx-news.com. You can see a copy of that page below. It is a scam site and the Federal Trade Commission has previously shutdown other companies making similar claims about similar products using fake news sites. This site uses Fox News, Dr. Oz, Los Angles Times, ABC News, and HuffPost ... Read More »

USA Payday Loan Scheme is a Total Scam. Run Away.

scam

A reader just filed a consumer complaint about a company called USA PaydayLoan. You can read it here. The consumer alleges they applied for an online payday loan through usapaydayloan.com and was contacted by telephone. They state they were told they were approved for a loan but had to pay an advance fee. Unfortunately the consumer purchased a prepaid card ... Read More »

Military Debt Management Agency MDMA Hits Military and Consumers for Student Loan Help

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A tipster (send in your tips here) sent me a fee schedule from the non-profit credit counseling group Military Debt Management Agency (MDMA) in Florida. The reader was concerned that this non-profit 501(c)3 IRS approved charity that is supposed to be helping military members and general consumers was taking advantage of those with federal government student loan debt, by charging ... Read More »

Forensic Loan Audit Mortgage Scam Settles FTC Charges

scam

The defendants behind an operation that allegedly preyed on vulnerable homeowners have agreed to settle Federal Trade Commission charges that they lured people into paying $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages. The FTC’s settlement order against the Los Angeles, California-based Consumer Advocates Group Experts, LLC, company owner ... Read More »

Small Business Debt Relief Program Fax – Burn It, Pitch It, Avoid It

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A tipster (send in your tips here) sent in a copy of a fax they recently received from the Small Business Debt Relief Program. Let’s call this for what it appears on face value, probably an advance fee debt settlement sales job. The fact this was sent out to small businesses clearly indicates this is an advertising piece to sell ... Read More »

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