My Deep Dive Into What Navient’s Student Loan Settlement Agreement Actually Says

There has been a lot of stories that have appeared about the Navient student loan settlement agreement that will forgive student loans but let’s look at what it actually says. The hype has been $1.7 billion in student loans will be forgiven but as always, the devil is in the details. The Attorney General settlement … Read more

Beware of Business Opportunities That Are Illegal in Your State

Sometimes you are the windshield and sometimes you are the bug.

The State of Connecticut took action against Extreme Marketing Alliance, Matt Graham, and Orlando Diaz for trying to sell a business opportunity program in the State. The State claims “Extreme Marketing Alliance LLC (“EMA”) is a limited liability company formed under the laws of the State of Nevada on March 8, 2016. According to records … Read more

Navient Sends People to Aidvantage Who Then Punts on Settlement Information

phone,smartphone, reading

People are so confused by the announcement of the giant Navient student loan $1.7 billion settlement. See my post on the announcement, here. Here is the reality, even the Aidvantage website is punting on what this actually means. The website says people need to go to NavientAGSettlement.com for information. I know you are looking for … Read more

Navient Enters Massive Student Loan Forgiveness Settlement. Details Clear-ish.

It was announced today that many, but not all states that participated in a lawsuit against Navient in 2017. At the time Navient called the suit, “completely unfounded” but the announcements today reflect the opposite. Details of Settlement We have both a lot of information and a lot of unanswered questions about how all of … Read more

A Deep Dive Into the Xact Loan Mailer. Scam or Blessing?

A wonderful reader sent in this mailer from Xact which is a great example of the type of advertising that always makes me want to know more. I admit the mailer is a bit blurry but the mailer alone was enough to start me digging. There were a few key phrases that made me want … Read more

My Guide to Getting Out of Debt With Proven Methods and Smart Ideas

The highly respected and well-regarded financial expert Ray Dalio had published a video back in 2018 about his Principals for Success. What utterly amazed me was how much he says also applies to people trying to get out of debt or dealing with bad debt. I’ve embedded the video above, but here are the key … Read more

Debt Collection Company and Its Owners Knowingly Used Third-Party Collectors that Engaged in Unlawful and Deceptive Tactics

The Consumer Financial Protection Bureau (CFPB) today sued United Debt Holding (UDH), JTM Capital Management (JTM), United Holding Group (UHG), and their owners, Craig Manseth, Jacob Adamo, and Darren Turco, for illegal debt-collection practices. The Bureau alleges that the defendants placed consumer debt with, or sold consumer debt to, collection companies that used unlawful and … Read more

My Easy Guide to Getting Started Investing in Cryptocurrency With Low Risk

Recently I started to get into seriously investigating investing in cryptocurrencies. But, like many others, I steered clear from crypto while I figured it out. There is no doubt that digital currency not backed by any particular government is hard to wrap your head around. So, what value can it have? It is the same … Read more

Easy Money and Bad Credit Loan Brokers Nailed by FTC

A lead generation company that collected sensitive information from millions of consumers under the guise of connecting them with lenders will pay $1.5 million in civil penalties and face restrictions on their operations as a result of a Federal Trade Commission lawsuit. The FTC’s complaint alleges that since at least 2012, ITMedia Solutions LLC, a … Read more

Why Are Churches Taking Out Merchant Cash Advances? FTC Bans RAM Capital Funding.

Why Are Churches Taking Out Merchant Cash Advances? FTC Bans RAM Capital Funding.

Two of the defendants behind an alleged small business financing scheme, RAM Capital Funding, LLC and its owner Tzvi Reich, will be permanently banned from the merchant cash advance and debt collection industries, and required to pay $675,000 to settle Federal Trade Commission charges that they used deceptive and illegal means to seize assets from … Read more

Has the Consumer Debt Relief Initiative Hijacked the AFCC

Question: Dear Steve, The recent announcement by the AFCC regarding third-party ancillary products has caused a huge divide within the AFCC, with most believing the AFCC has been hijacked and moving over to CDRI (Consumer Debt Relief Initiative). It seems the good old boys are trying to gobble up market share by either putting the … Read more