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Tag Archives: power of attorney

CFPB Publishes Advice if You’ve Given Someone Power of Attorney Over Your Money Matters

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The Consumer Financial Protection Bureau (CFPB) has recently published guidance that appears to have a direct connection to debt relief companies that manage the finances of others using a Power of Attorney (POA). I frequently see these types of relationship between consumers and debt relief companies, like settlement companies, and now more student loan assistance organizations. While the guidance in ... Read More »

Do Creditors Have The Right To Ignore A Power Of Attorney (POA)?

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This guest post is from Michael Reilly from Emerge America. His post certainly does raise issues about the lack of uniformity of the Power of Attorney. I believe the answer to that question is no! Perhaps creditors should familiarize themselves with “THE UNIFORM POWER OF ATTORNEY ACT.” As many Debt Settlement Service Providers (DSSP’s) can attest, creditors seem to think ... Read More »

We Are Working With a Debt Settlement Company But Not Happy With Them. How Do We Switch? – Kari

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“Dear Steve, Our family is currently in debt close to the amount of $20,000. We are also working with a debt settlement company however are not happy with their services. Our debt is through major credit card companies, Capital One and Bank of America. My question is regarding working with a different debt settlement company. The company we are currently ... Read More »

My Son Was Stationed in Iraq And I Took Out a Credit Card in His Name That I Can’t Pay. – Veronica

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Veronica “Dear Steve, My son was stationed in Iraq a few years ago, and I had power of attorney. I took out a credit card in his name, with the intentions of establishing credit for him when he got out. Due to unforeseen circumstances, the debt remains unpaid, and my son is stuck with the bill. All I want is ... Read More »

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