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Why Won’t My Education Solutions Refund Our Money?

Question: Dear Steve, Hello, my wife signed up with My Education Solutions to try to reduce her federal student loans but canceled the service after seeing this legal action against them in the news. She had requested a refund of fees but never received anything back. Do you have any updates on what’s happening with … Read more

Token Payments That Increase Student Loan Debt Make No F’ing Sense

“If the law supposes that,” said Mr. Bumble, squeezing his hat emphatically in both hands, “the law is a ass – a idiot”. – Charles Dickens, Oliver Twist About a year ago, I blogged on the bankruptcy case of Tamara Parvizi, a 51-year-old unlicensed medical doctor who sought to discharge $650,000 in student debt –most … Read more

1 Out of 3 Brits Will Face Poverty Over Energy Bills This Winter

1 Out of 3 Brits Will Face Poverty Over Energy Bills This Winter

When it comes to money issues, we all tend to think local or national, not global. Yet, while energy prices, especially fuel, have risen dramatically and are blamed on the current political administration, the cost of energy has exploded all around the globe. With winter approaching, people in the United Kingdom are bracing for record-high … Read more

Do This First When Getting Out of Debt or You Will Make a Million Dollar Mistake

Do This First When Getting Out of Debt or You Will Make a Million Dollar Mistake

Good people dealing with money troubles and debt worries make this same mistake over and over. Unfortunately, it can cost millions of lost dollars in retirement savings. In this podcast, Steve Rhode from https://getoutofdebt.org and Damon Day from https://damonday.com talk about how to avoid this simple, crushing mistake that can ruin a future financial life. … Read more

CFPB Warns that Digital Marketing Providers Must Comply with Federal Consumer Finance Protections

Today, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule laying out when digital marketing providers for financial firms must comply with federal consumer financial protection law. Digital marketers that are involved in the identification or selection of prospective customers or the selection or placement of content to affect consumer behavior are typically service … Read more

Credit Repair Mega Player Lexington Law Rocked With TSR Issues

A recent court document in the Consumer Financial Protection Bureau (CFPB) case against Lexington Law, John C. Heath, PGX Holdings, Progrexion Marketing, Progrexion Teleservices, eFolks, and CreditRepair.com has produced an interesting section on credit repair billing. The CFPB states, “Plaintiff Bureau of Consumer Financial Protection (“Bureau”) alleges that Defendants John C. Heath, Attorney-at-Law, P.C., d/b/a … Read more

Hello Digit Was Supposed to Automatically Save People Money But They Lied

The Consumer Financial Protection Bureau (CFPB) is taking action against Hello Digit, LLC, a financial technology company that used a faulty algorithm that caused overdrafts and overdraft penalties for customers. Hello Digit was meant to save people money, but instead the company falsely guaranteed no overdrafts with its product, broke its promises to make amends … Read more