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James Dimon, CEO – JPMorgan Chase Scam Email Alert

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An email is being sent out to consumers purporting to be from James Dimon, CEO of JP Morgan Chase Bank. The email asks consumer to send $200 in order to receive $5 million dollars. It is a scam email. Don’t fall for it. The email says: From: “Mr. James Dimon CEO” Date: May 10, 2012 Subject: Re: Confirm Chase.com From ... Read More »

Zombie Debt 1099 Style. And You Thought Your Old Debt Was Dead. LOL.

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THE KING OF ZOMBIE DEBT: THE 1099-C. WHAT TO DO WHEN COLLECTION CONTINUES AFTER RECEIVING A 1099-C By Gregory M. Fitzgerals, Esq. Most folks who get a 1099-C accept that it is a good news/bad news thing. The bad news is you must include the 1099-C as income on your taxes. The good news is you no longer owe the ... Read More »

Credit Counselor or Debt Collector? Midland Credit Management Applies Clever Approach.

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I just had an opportunity to look at the website for Midland Credit Management and I must say, for a collections agency they certainly appear more like a credit counseling group. Don’t get me wrong, it appear they provide full and apparent disclosure they are a debt collector, “Please understand that this is a communication from a debt collector. This ... Read More »

Stealing Trust – Marylanders Speak Out on Frauds, Scams and Financial Abuses

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Got an hour to kill? Here is an interesting documentary that appeared on Maryland Public Television that covers a number of financial issues that have harmed consumers. The film covers a number of financial issues, including some debt settlement companies. Different consumers appear and share their story, A Baltimore resident talks about his experience in an advanced fee debt settlement ... Read More »

Be YOUR Own Boss

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Whether you’re a student out of school for summer, an unhappy employee, or someone who has been downsized, it is possible to get work even if companies aren’t hiring. Instead of relying on a corporate paycheck, entrepreneurs are becoming more innovative about making a living or adding to their regular incomes. Being your own boss means that you can overcome ... Read More »

Nonprofit 501(c)3 Credit Counseling Group Kind of Offering Debt Settlement

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It seems like it’s been several years now since I first started talking about the need for nonprofit credit counseling groups to offer debt settlement as a tool they can use to assist consumers with. A reader sent me an email and pointed out that Community Credit Counseling Corporation out of New Jersey is now doing that openly. Apparently they ... Read More »

Legal Helpers Debt Resolution Consumers Appear in TV News Story

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The following television interview about Legal Helpers Debt Resolution aired in St. Louis recently and it presented a couple of consumers that felt they had been left in a worse spot after using the services of Legal Helpers Debt Resolution. LHDR claims unhappy consumers represent a small fraction of their total clients. The story contains two Skype interviews. One is ... Read More »

Brookstone Law Mailer. The Line Between Clever Advertising and Too Much.

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A reader shared the following mailer from Brookstone Law. In the past I have been very critical of attorney mailers selling real estate related services that appeared to be official government looking forms or notices. Those forms did not disclose they were attorney advertising and some even had official looking government seals and logos. This mailer from Brookstone Law raises ... Read More »

Bxsy.biz Best Buy Giftcard Spam Text – Scam Alert

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The following information appears as a scam warning for consumers to avoid. I received the following spam text message. As you will see this message can lead to possible identity theft and a financial impact. Warn others not to respond to it. This spam text message is interesting in that it instructs recipients to text STP instead of STOP to ... Read More »

Billing Services Group Allegedly Made It Possible For Unauthorized Charges to Be Placed on Cell Phone Bills

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The Federal Trade Commission is seeking a civil contempt ruling against the nation’s largest third-party billing company, alleging that it placed more than $70 million in bogus “cramming” charges on consumers’ phone bills in violation of a previous court order. The FTC is asking a federal court to make the company pay more than $52.6 million, the total amount that ... Read More »

Western Union Payment Office – Email Scam Alert

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The following information appears as a scam warning for consumers to avoid. The following message is being sent to consumers. The email attempts to spoof an official Western Union communication. It is a scam. From: Western Union Payment Office Subject: Attention; Esteemed Customer, Reply-To: [email protected] Attention; Esteemed Customer, Greetings from Western Union®Money Transfer Agent Location, PO Box 6992 Greenwood Village, ... Read More »

Tennessee Protects Citizens From Debt Collectors. Arizona Serves Them Up.

A recent court case in Tennessee went all the way to the State Appeals Court. In this case the court ruled that debt collectors and secondary debt buyers need actual proof of the debt owed before they can recover it. The case involved LVNV Funding, Resurgent Capital and Sherman Financial Group. “In December 2009, Plaintiff/Appellee LVNV Funding, LLC, (“LVNV”) as ... Read More »

Apparent Pamela Gressier – Prudent Law Fan – Not Happy With GetOutOfDebt.org

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The debt world is an interesting one. You get to meet all types of people. The latest interesting interaction began yesterday over Pamela Gressier – Prudent Law Group – Consumer Complaint – 5-2-2012 following the posting of this comment on the consumer complaint. Johnson You people seem to be obsessed with this one company and Pam Gressier. 33 reviews? What ... Read More »

Nova Scotia, Canada Debt Settlement Protection Act

Nova Scotia has introduced the Debt Settlement Protection Act and it had the first reading on April 26, 2012. The act states: Be it enacted by the Governor and Assembly as follows: 1 This Act may be cited as the Debt Settlement Protection Act. 2 In this Act, (a) “agent” means a person employed, appointed or authorized by a debt ... Read More »

Avoid $100 Rewards Certificate Text – Scam Alert

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The following information appears as a scam warning for consumers to avoid. A loyal reader sent in a tip about a spam text message that is going out. The message as you can see below is short on details and dubious. I’ve covered other similar messages in the past. The more troubling aspect of this message is that it prompts ... Read More »

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