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Bank of America Credit Card Debt Settlement Advice and Instructions

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If you’re facing a legitimate financial hardship and can’t make the minimum payments on your Bank of America (or FIA Card Services) credit card account then one potential solution is to negotiate a lump-sum settlement for less the balance owed. If you’re unfamiliar with debt settlement, you’re probably wondering how someone who can’t make their monthly payments would have the ... Read More »

Avoid Free-BestBuy.com Spam Text Message

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Readers are reporting to me a new spam message out today that promotes a new site free-bestbuy.com. This spam message is designed to look like a message from BestBuy.com. It’s not. Most likely people that respond will be charged for a text message, Just as people have reported being charged $9.99 a month after receiving messages from: Short Code: 45244 ... Read More »

Don’t Be Surprised to Be Asked to Pay Up Before Getting Care in Emergency Room

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Accretive Health, one of the largest collectors of delinquent medical debts has become a target of criticism and regulator attention recently. It is alleged that debt collectors, appearing to be hospital employees, have been confronting sick and injured patients, and demanding payment before treatment. The practice of embedding debt collectors in some hospitals came to lift in hundreds of company ... Read More »

Want to Live Like Daniel Suelo and Quit Money Then Just Don’t Worry About Having Credit

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People frequently say to me that after a financial problem they want to avoid credit all together and not worry about rebuilding their credit, even though it’s so easy to do. The reason they avoid credit is misplaced. It’s not the credit or having good credit that caused the pain they may have experienced because of a financial hardship, it ... Read More »

Student Loans Getting Shuffled All Over. Leaves Many Confused.

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by Marian Wang ProPublica The Department of Education has been transferring large batches of federal student loans to new loan-servicing companies — leaving in the lurch some borrowers who are suddenly encountering problems with their loans, such as payments that are mysteriously adjusted up or down. The switch, which has been going on for months and will ultimately include millions ... Read More »

Fake CNBC Site Fools Consumers Into Giving Up Information for Breakout Incomes

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A reader sent me in a website to look at It looks like the fake news sites are back up and running in an effort to fool consumers into giving up personal information for yet another sales pitch. This time the site is a total CNBC fake scam site. The site looks legit enough but it’s not CNBC, it is ... Read More »

FTC Goes After Another Alleged Collection Enterprise That Threatened Consumers and Offered Debt Reduction Services

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The Federal Trade Commission recently filed suit against Pro Credit Group, Brett Fisher, Sanders Legal Group, Sanders Law, Andre Sanders, My Success Track, Consumer Credit Group, Dale Robinson, William Balsamo and First Financial Asset Services. According to the FTC court documents, the defendants operated a common enterprise while engaging in deceptive acts and practices. They used an interrelated network of ... Read More »

Sands Tourism – Benjamin & Ryan Holdings Scam – Documentation

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The Sands Tourism, “You’ve Won” scam is still going along and people are still falling for it and losing money. Thankfully a wonderful reader has just sent in pictures of some of the marketing material so I can post it and warn you about it. If you ever get a solicitation that you have won money but need to pay ... Read More »

OCC Appoints Receiver for Fort Lee Federal Savings Bank

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The Office of the Comptroller of the Currency (OCC) yesterday appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Fort Lee Federal Savings Bank, Fort Lee, New Jersey, a federal savings association. As of December 31, 2011, the institution had approximately $51.9 million in total assets. The OCC acted after finding that the institution had experienced substantial dissipation of ... Read More »

Court Provides Background on Edward Cherry Activities in Matter Involving Chase Bank

On April 17, 2012 a Delaware court issued an opinion on the case involving Edward Cherry and Chase Bank. This matter also named the following defendants; Laura Hess, Edward T. Kennedy, Eric Silversen, Home Plate Consultants, Self made LLC, The Consumer Law Center of Delray Beach, The Consumer Law Center of Boca Raton BACKGROUND Defendant Cherry engaged in various willful, ... Read More »

How Long After Bankruptcy Can I Buy a House?

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How long after bankruptcy can I buy a house? Well there is a question that people often want to know. They assume they will not be able to buy a home or get a mortgage after bankruptcy but that’s just not true. The reality is most people that claim you can’t get a mortgage after bankruptcy, don’t know what they ... Read More »

Reducing Debt with a Second Job

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Reducing debt can be a difficult task, especially if you are already involved with collections. Sure the FDCPA will protect you from harassment, but who really wants to deal with that? One method to getting out of debt is to make more money…fast. Getting a second job is an effective way of doing that. While getting a second job may ... Read More »

I’m Tired of Paying Out the Butt for Razor Blades. How About You?

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I just got back from the drug store. I needed some razor blades. But $27 for eight razor blades. I’m sick of it. I’m not going to pay “the man” that kind of coin any more. It’s highway robbery. Seriously, if you were driving down a highway and a guy in a mask pulled you over at random and took ... Read More »

Oh Dear – Debt Help and Answers Site Needs Help

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Someone asked me to look at debthelpandanswers.com, and so I did. Clearly what we have here is a small player who is trying to attract potential customers. The site appears to be for a Marcella Hill. My clients are everyday American’s who are facing financial crisis due to the current economy and personal hardships. My clients are served by me, ... Read More »

Bogus National Debt Relief Hardship Program Mailer Still Being Sent

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First off I would like to applaud the debt relief company that sent me in this mailer. Good debt relief companies that care about consumers and who want to play a role is stamping out bogus advertising that hurt the entire industry, can play a role by forwarding material to me at [email protected] I’ve covered bogus mailers on The National ... Read More »

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