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Midland Funding Pays Big Fine

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Midland Funding Pays Big Fine Over Robosigning Debt Collection Suits One of the country’s largest debt buyers has agreed to overhaul its collection practices and pay the state of Minnesota $500,000 in a settlement that reflects heightened scrutiny of the growing industry. Midland Funding LLC, owned by debt-buying giant Encore Capital Group Inc. in San Diego, faced allegations that it ... Read More »

InCharge Debt Solutions Gives Employees Access to Your Personal Information at Home

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InCharge Debt Solutions, and Orlando based non-profit credit counseling agency, just put out a press release that brags about how their telecommuting program benefits the environment. It even included a neat little infographic which you can see below. “Improving our employees’ quality of life and job satisfaction were enough for me,” said Ms. Money from InCharge. “Reaping the additional benefits ... Read More »

FTC Closes Down Credit Counseling Company We’ve Written About.

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The Federal Trade Commission has been kicking debt relief butt recently. They’ve been closing down bogus outfits almost faster than I can write updates about them. The latest is a company a reader and tipster (send in your tips here) alerted me about. I then made a secret shopper call you can listen to. See Fake Nonprofit Credit Counseling Agency ... Read More »

Nationwide Card Monitor Shuttered by FTC

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Nationwide Card Monitor is a company we’ve written about previously here on the site. In fact in one story, someone even went to their office to try to resolve their consumer complaint. They were instead threatened. Here is what the previous story had said: “I just went to NCM and delivered the complaint. I walked into suite 16 and there ... Read More »

How to Easily Get a Mortgage After Bankruptcy

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One generally unfounded fear people have is that filing bankruptcy will stop you from buying a house. That’s just not true. Granted, being able to qualify for a mortgage immediately after filing bankruptcy might be a bit tougher, but the reality is that filing bankruptcy and clearing away unmanageable debt can actually make it easier to get qualified for your ... Read More »

Credit Repair Operator Offering Seasoned Lines of Credit and to Remove Negative Items Gets Jail

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I just posted an article about Edwin Jacquet getting sentenced to 63 months in jail for his credit repair operation. This case is interesting in that it seems to include many of the same activities that others engage in to “repair” credit. Let’s take a closer look at the complaint filed against Edwin Jacquet and his co-horts and see what ... Read More »

Credit Repair Operator Gets 63 Months in Federal Prison

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Edwin Jacquet was sentenced yesterday in Manhattan federal court to 63 months in prison for his leadership role in what is believed to be the largest known credit repair fraud scheme ever charged. He was also ordered to pay more than $9.3 million in restitution for the losses caused by the scheme. Jacquet pled guilty in March 2012 to one ... Read More »

TV Lawyer Charged With Bankruptcy Fraud, Student Loan Debt Slaves, GI Bill Scams

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TV Lawyer Randolph Goldberg Sanctioned for Forgery and Fraud Well-known TV lawyer Randolph Goldberg is being sanctioned for forgery and fraud. It’s a federal case Contact 13 Chief Investigator Darcy Spears has been following for nearly four years. This case is the latest in Goldberg’s string of legal troubles. As we reported in September, Randolph Goldberg is already under federal ... Read More »

Chase Minimum Payment Class Action Lawsuit Moves Closer to Paying Out

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A kind reader and tipster (send in your tips here) let me know that the class action suit against Chase bank for raising minimum monthly payments is proceeding to paying out soon. The suit was brought in 2009 on behalf of consumers that had engaged in balance transfers to Chase Bank under the impression the minimum payment on the credit ... Read More »

How to Get the Right Help for Debt Problems – Get Out of Debt Guy Show

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In this show I share some critical information and advice with you on how not to become a victim or get scammed when you are searching for debt relief help. Having financial problems can be scary enough but who can you trust and who should you turn to when you are looking for good options for bad debt? This show ... Read More »

Extended Warranty Advice, New Student Loan Collection Tools, College Not Worth the Cost,

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Resist the Extended-Warranty Pitch While you’re doing your holiday shopping, be prepared for the inevitable pitch to add a service plan, or extended warranty, to your purchase, especially if you’re buying electronics or appliances. Salespeople will tell you that a service plan gives you the peace of mind of knowing that any repairs needed after the manufacturer’s warranty expires will ... Read More »

Who Are These Wage Shield People?

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A reader contacted me and wanted to know more Wage Shield. The company claims that for $2,995 per couple they can protect assets from creditors. The Wage Shield website is very open on sales information but short on critical details. The site says the representative is Jason Oswald and the company name is Hennessy & Associates, LLC. But the site ... Read More »

Hardship Assistance Center Mailer – Total and Utter Bullshit

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A reader and tipster (send in your tips here) sent in the form below and was frankly, pissed by the marketers. The consumer said: “My wife has received two if these notices. Both were the same, with the tri-fold and tear edges like bank or government mail. Neither say anything about advertising. Both claim we are 27,089 dollars in debt. ... Read More »

Another Broke Ass Scammer Put Out of Business by FTC

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The Federal Trade Commission has announced yet another action against a debt relief company that closes their doors but protects consumers. But yet again, here is another example of a scammer being caught and fined, but unable to pay the big fines. Patrick Freeman, the sole owner of Hope for Car Owners has agreed to a $362,388 judgment as part ... Read More »

Bank of America Offers Sweet Balance Transfer Deal in Time for Christmas

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You would not believe the number of credit offers I review and see. But this one caught my attention as usually interesting. I have no idea how many people have access to this offer but if you are a Bank of America card holder it might be worth calling customer service and seeing if you are eligible for it if ... Read More »

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