Latest Posts
Home > Debt Articles (page 6)

Debt Articles

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 »

            FTC Nails Debt Collectors With Court Order

            ftc

            Defendants Behind Buffalo, New York-based Operation Misrepresented They Were with the Government and Threatened Consumers with Arrest and Other Legal Action At the request of the Federal Trade Commission, a U.S. district court halted a debt collection operation that the agency charged with violating the Federal Trade Commission Act and the Fair Debt Collection Act by misrepresenting that they were ... Read More »

              AmeriFree Says I Got It All Wrong

              happy woman in wheelchair outdoors beach showing victory sign

              In a recent article “Why Isn’t AmeriFree Licensed in Their Own State?” a reader asked why AmeriFree did not appear to be registered to offer debt relief services in Arizona. As I said in the article, I had previously reached out to AmeriFree for a statement or response and heard nothing. Well today I have. A John Corey said, “AmeriFree ... Read More »

                Selling You a BS Copy of Your Deed Gets Pissy

                afraid alone

                Recently I wrote about a BS mailer from some company called Record Transfer Service and it was called a Deed Processing Notice. My objection was the mailer was offering consumers a copy of their deed, many can get online for free. Well it seems the bad blood of this effort extended back to 2012 when one party, Secured Document Services ... Read More »

                  United Credit Consultants Says the Darndest Things

                  oops

                  In a story I’ve been working on for a bit, United Credit Consultants in Minnesota had said something in a press release that caught the attention of readers who brought it to my attention. It seems United Credit Consultants was saying they had FICO certified negotiators who could provide debt settlement service. But not only did UCC wind up with ... Read More »

                    Foreign Scammers Targeting U.S. Companies Stopped by FTC

                    Screen Shot 2013-11-18 at 11.35.13 AM

                    In an action brought by the Federal Trade Commission, a federal court has banned a Slovakia-based operation from the online directory business and entered a $9 million judgment against them. “The last thing small business owners need is someone trying to trick them out of their hard-earned money,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. “The ... Read More »

                      Who is Cornerstone Legal Group?

                      Searching-right

                      A reader wrote in and wanted to know more about a debt relief company, Cornerstone Legal Group. I am not familiar with the company at cornerstone-legal.com so I’d love to hear from anyone who has used this company in the comments below. If we look at the ownership of the domain name it does not help to solve the mystery, ... Read More »

                        CFPB Sues For-Profit Colleges to Stop Screwing Students

                        punched-in-face

                        The CFPB announced yesterday they filed suit against ITT Educational Services, the owner of a number of for-profit colleges. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. The CFPB alleges that ITT exploited its students and pushed them into high-cost private student loans that were ... Read More »

                          Deaf Reader Sends in Student Aid Center Transcript

                          Mature woman confused

                          An apparent deaf reader sent in the following TTY transcript of a sales pitch from Student Aid Center. It appears the group is charging the deaf consumer a total fee of about $14,000 ($199 x 3 plus $56 per month for 240 months) for a service the consumer could get for free directly from the Department of Education. If that’s ... Read More »

                            Fake Looking Official Mailer for Student Loan Assistance

                            Student Loan Services Pre-Qual

                            An amazing reader, Emily, sent in a new debt relief mailer through my I Buy Junk Mail program. As you can see from the outside the mailer does not identify the company and pretends to look like an official mailer. It comes from postal permit 1297 in Sacramento, California, which has been responsible for sending out other debt relief mailers. ... Read More »

                              Big Changes Afoot for CareOne

                              news2

                              Whispers online were telling me about big changes to CareOne coming. According to CareOne spokesperson Suzanne Coblentz, there are. “CareOne, a subsidiary of Ascend One, will continue to provide the same great service our customers have come to expect from CareOne. For the time being, the CareOne brand will continue to be in the market, but will not be making ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.