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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 »

Debt Relief Salesperson Sentenced to Jail for Marketing Misrepresentations

mans hands behind bars in jail or prison

A Florida man was sentenced today to serve 12 months and one day in federal prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy Romero, Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, and U.S. Attorney Carmen M. Ortiz ... 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 »

Now Here’s a New Scam Involving Your Property Deed

Buy Your Deed

The BBB has alerted me to a new scam that is really a scam by omission. It seems a mysterious company is using a DC mailing address to send out “helpful” notices to consumers that they can buy a copy of their property deeds for only $83. However what the mailer doesn’t say is most people can get a copy ... Read More »

FL Judge to Debt Settlement Companies. Fuck Me? Fuck You!

waving

In 2012 there was a stinker of a class action settlement offered to consumers in a Florida class action case. An agreement was reached in that settlement where the attorneys got paid, cash awards were made to charities and the 125,000 harmed consumers got nothing. Consumer organizations objected as unfair. You can read about that case, here. Thanks to an ... Read More »

Sham Law Firm Employee Headed to Jail for Credit Repair

mans hands behind bars in jail or prison

Eric Phillips of California is going to have 33 months in federal prison to think back about his glory days of allegedly helping to create Georggin Law, pay the attorney who risked his license some compensation, and fleece consumers for credit repair services. As complaints about the debt relief services began to pile up with the FBI, an investigation began ... Read More »

Student Loans Continue to be Ticking Time Bomb

stressed man

If you could see me at the moment you’d find a man blue in the face. Literally blue! And I’m blue from talking about the dangers of student loans over the past years and having it fall of deaf ears. Recent data from the Federal Reserve Bank of New York and Equifax shows just how dangerous student loans are. In ... Read More »

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