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Education Loan Network Mailer Raises Concerns for Reader

ELN Inside

An amazing reader adalton sent in a new debt relief mailer through my I Buy Junk Mail program. The mailer if for an entity identified as Education Loan Network and mailed from postal permit 1297 in Sacramento, CA. The reader who submitted this mailer for review, said: “I noticed a couple red flags on this one: 1. This generically named ... Read More »

Mortgage Delinquencies Plumet and Subprime Borrowers Get Shot

Q1-2014-Mortgage-Infographic

TransUnion, the credit reporting people, have just released new data that certainly makes it appear the big wave of mortgage defaults and delinquencies is over. In fact this data marks the ninth quarter of declines in the rate at which borrowers are 60 or more days behind on their mortgages. We haven’t see rates this low since the second quarter ... Read More »

Dirty Dozen Credit Card Debt Strategies If You’re Laid Off


Attractive red-haired female reading a manual before do-it-yours

Layoffs are happening at big name companies like IBM, JPMorgan Chase, La-Z-Boy, and Sony, as well as family-owned businesses. You’re not alone if you’ve been blind-sided by a layoff. Or you may have some advance notice. Either way, losing your job can trigger feelings of unworthiness, powerlessness and lack. (Three of the big six core beliefs I talk about in ... Read More »

Free Student Loan Money for Veterinarians

Young female vet examining dog by stethoscope at pets' clinic.

The National Institute of Food and Agriculture, USDA, has announced there is money available in fiscal year 2014 for their Veterinary Medicine Loan Program (VMLRP). Veterinarians eligible must serve in two ares: (1) geographical areas that the USDA Secretary determines have a shortage of veterinarians; and (2) areas of veterinary practice that the Secretary determines have a shortage of veterinarians, ... Read More »

The Advocacy for Consumer Rights (TAFCR) Sues Consumer Reporter, Again

law books

The Advocacy for Consumer Rights LLC (“TAFCR” or “Plaintiff”) is a Nevada limited liability company with its principal place of business in Arizona and is a citizen of the State of Arizona as well as the State of Nevada within the meaning and intent of 28 U.S.C. § 1332. The sole member and manager of Plaintiff, Amanda Hunter, maintains a ... Read More »

Reader Sends n Student Loan Relief Group Mailer That Concerns Her

Screen Shot 2014-04-11 at 10.32.27 AM

An amazing reader FTC Investigator sent in a new debt relief mailer through my I Buy Junk Mail program. The reader said this about the submission: “This is a very misleading letter as it states that I am eligible for the student loan reform act. It implies that there is some sort of government program that I have been pre-qualified ... Read More »

Things Wrapping Up in Lloyd Ward, Lloyd Regner, and ABC Debt Relief Case

Money and book

Back in 2010 a bunch of debt settlement employees filed suit against ABC Debt Relief, The Debt Answer, Lloyd Ward, Lloyd Ward & Associates, and Lloyd Regner for wages owed. You can read more about that suit and its X-rated allegations, here. According to files just sent to me by a tipster (send in your tips here), the case has ... Read More »

Bank of America to Pay $727 Million for Illegal Credit Card Practices

Happy people celebrating with money raining

The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America, N.A. and FIA Card Services, N.A. to provide an estimated $727 million in relief to consumers harmed by practices related to credit card add-on products. Roughly 1.4 million consumers were affected by Bank of America’s deceptive marketing of their add-on products. Bank of America also illegally charged approximately 1.9 ... Read More »

Auto Purchase Goes Wrong and Leaves Widow Holding a Big Mysterious Debt

car loan

In North Carolina a case is meandering it’s way through the courts regarding the purchase of a Jeep and the resulting financial quagmire. If you have some free time to work your way through the document filed, you will wind up scratching your head. It’s confusing enough the consumer is named Hester and the car dealership was Vester but keep ... Read More »

Do Debt Relief Companies Violate the Fair Debt Collections Practices Act?

surprise

For some time the esoteric argument of debt relief companies putting debt outside the statute of limitations in a credit counseling or debt settlement program, has been bantered about. But a recent twist to this otherwise academic discussion has put a new emphasis on this issue. A Seventh Circuit court opinion found that debt collectors’ letters to consumers offering to ... Read More »

Department of Education Wants to Make Schools Accountable for Cost

Feedback

The Department of Education is proposing new rules tomorrow that would make for-profit colleges, universities and schools be more responsible for the education and cost of that education provided to students in programs which prepare student for gainful employment. The government is concerned a number of these postsecondary educational programs are neither accountable nor transparent to students enrolling in these ... Read More »

More Mortgage Rescue Idiots Headed to Jail

mans hands behind bars in jail or prison

Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Preet Bharara, United States Attorney for the Southern District of New York, today announced that on Wednesday, Isaak Khafizov, a former owner of American Home Recovery (“AHR”), a mortgage loan modification business that operated in New York, was sentenced in Manhattan federal court to nine years in ... Read More »

FTC Beats American Indians, Again

Run away. Here comes the FTC!

The poor American Indians get no respect. First they lose the continent, their land, and then this payday loan court battle. Actually the last one they should have lost. U.S. District Judge Finds that FTC Can Sue Deceptive Payday Loan Business Regardless of American Indian Tribal Affiliation Defendants behind AMG Services Had Argued That Tribal Affiliation Exempts Them from Federal ... Read More »

Florida Clears Clouded Fidelity Land Trust Deeds for Consumers

Searching-right

The State of Florida has taken action to undo all the titles assigned to Florida company Fidelity Land Trust, a company that has been in the news here. FLT had been selling consumers a program they billed as a way to clear the mortgage on a Florida home. According to a recent article by Kimberly Miller of the Palm Beach ... Read More »

Why Most Student Loan Debt Advice is Bad or Just Wrong

money down the drain narrow

As a consumer debt expert it is exceedingly frustrating hearing from people all around the country on a daily basis who are seeking good help for their student loan troubles, only to get really bad advice, or worse, ripped off. The scammers are ahead of the experts on selling student loan solutions. It’s not unusual at all for me hear ... Read More »

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