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Resurgent Capital Services’ and LVNV Funding Dismiss Thousands of Maryland Collection Lawsuits

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Maryland District Court Chief Judge Ben C. Clyburn wiped the slate clean on about 3,600 lawsuits to collect debt that was initiated as the result of Resurgent Capital Services’ and LVNV Funding going after consumers. The companies reached a settlement with the State of Maryland that included paying a $1 million dollar penalty and dismissing the 3,564 active lawsuits against ... Read More »

Next Step MasterCard Targets Addicts. Makes Them Jones for It to Work.

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The new Next Step MasterCard has a special purpose, it’s supposed to make it harder for addicts to partake of their vice and use their debit card as the needle. The debit card restricts use at locations that people might be tempted to unload their debit card to feed their habit. Places like liquor stores, bars, gambling places, ATMs, tattoo ... Read More »

Attorney General Gansler Warns Consumers About New Utility Scam Don’t be a victim: “Obama administration grant” to pay utility bills is a hoax

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Attorney General Douglas F. Gansler is warning Maryland consumers not to be fooled by a new utility scam claiming to provide a federal government grant that will pay off utility bills. “Consumers should never give up their hard-earned money until verifying the legitimacy of an offer – no matter how enticing it may seem,” said Attorney General Douglas F. Gansler. ... Read More »

Illinois Calls Legal Helpers Debt Resolution a Scam, Yet Again. This Time Announcing Settlement.

Well I supposed you have to give props to Legal Helpers Debt Resolution for settling their conflict with the State of Illinois and the Illinois Department of Financial and Professional Regulation. The State was direct in their continued criticism of the Legal Helpers Debt Resolution legal model for debt settlement. “This company was fronting as a law firm claiming to ... Read More »

How to Best Deal With Aggressive Debt Collectors

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In today’s world, the term “aggressive” has positive connotations. When hiring an attorney, for example, no one would want a passive advocate for their claims. People want an aggressive lawyer. Similarly, in business, companies want aggressive salespeople; and sport teams want aggressive players. No wonder, I often have clients that try to excuse away egregious debt collector behavior on the ... Read More »

The Debt Answer Clients Now Being Serviced by The Lloyd Ward Law Firm? What Does That Mean?

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A commenter stated, “if you go to www.thedebtanswer.com and call 866 446 0969 the message says the debt answer is now part of lloyd ward.” There has been much confusion lately who actually owns the clients from the debt settlement company The Debt Answer or attorney Lloyd Ward. The public fighting back and forth has reached ridiculous proportions, leaving consumer ... Read More »

Hubby’s Spending is a Problem. What Can I Do?

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Dear Dollar Stretcher, My husband’s spending is starting to drive a wedge between us. I want to put money away for a vacation and our son’s college fund. But there’s never any money left at the end of the month. My husband does outside sales so he’s in a car all day. By the end of the day he’s spent ... Read More »

Big Foreclosure Compensation, But Only for the Right Wrongs

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by Paul Kiel ProPublica Can you put a price on the damage caused by a wrongful foreclosure? Banking regulators have. And it’s $125,000. Or $60,000. Or $15,000. Or2026 it’s unclear. Last November, banking regulators launched a process to force the big banks to compensate homeowners victimized by their foreclosure abuses. Many crucial details remained unclear, including how much victims might ... Read More »

Attorney General Darrell McGraw’s Settlement with DP Nets $1.7 Million in Refunds and Cancelled Debts for WV Consumers

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West Virginia Attorney General Darrell McGraw today announced an agreement with DP & Associates of Irvine, CA, that requires the debt collection company to pay a total $1.7 million in refunds and cancelled debts. The company engaged in unlawful and threatening debt collection practices and attempted to collect debts without a license. An investigation by the Attorney General’s Office led ... Read More »

UK Company Took Our Passports And Setup Bank Accounts for Me. – Tom

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“Dear Jon, I lived in the UK for a couple of years since 2006. I went there with a few other people with the help of an agent, who was supposed to help us get settled. They collected our passports, set up bank accounts for us, rented houses etc. After my return I found out all of the others sooner ... Read More »

I Left the UK With Debt and Now Live in Portugal. – Steve

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“Dear Jon, I left the UK in 2001 with approximately 20,000 of combined debt. 6,000 of this was a student loan, plus a bank loan and overdraft. I have been in Portugal ever since, living, working and behaving far more responsibly but ironically have a partner who has now been offered a brilliant job in the UK. I am interested ... Read More »

California Passes Protections for Homeowners Facing Foreclosure

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According to the L.A. Times, California legislators have passed new laws that now await Governor Brown’s signature. These laws would provide the toughest protections for consumers facing problems with the mortgage. “The legislation would make California the first state to prohibit lenders from “dual tracking,” the practice of negotiating with clients to modify a mortgage so that payments become more ... Read More »

Debt Relief Recap and What Consumers Do Wrong When Seeking Help – Podcast

The latest Get Out of Debt Guy show. Damon Day and I talk about the big changes in the debt relief world over the past year. We talk about about how many debt relief companies have failed and how new rules from the FTC have altered the way the debt relief world works. We talk about what people should do ... Read More »

Fidelity Land Trust Transactions. Who Are The Players?

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The Fidelity Land Trust Company has hit my radar and that of the Palm Beach Post. Questions are being asked about the company and the sales pitch they are promoting to consumers to allegedly save their homes from foreclosure or cancel their mortgages. There is so much data to dig though to understand who the players are in this approach ... Read More »

Fidelity Land Trust Owners a Mystery. Who Are They Really?

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A company in Florida, Fidelity Land Trust has made the news lately (here) and comments on another post really piqued my interest to want to know more. The Fidelity Land Trust Company, LLC is a relatively new company making some big claims like, “Fidelity Land Trust has a 100% success rate for all of their litigated properties and has hundreds ... Read More »

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