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Morgan Drexen Problems Not Over Even In Their Own Bankruptcy

Morgan Drexen Integrated Systems (20120116)

The national debt settlement company Morgan Drexen, whose successors are embroiled in their own legal troubles, seem to be facing more upcoming issues from their own bankruptcy filing. On April 30, 2015 Morgan Drexen filed for bankruptcy protection. The filing was converted to a Chapter 11 reorganization and then back to a Chapter 7 liquidation. The Bankruptcy Trustee appears to ... Read More »

    Nationally Sanctioned Debt Reduction Initiative Mailer – Beware

    Mailer

    An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. These debt reductions mailer are infuriating to me. I mean let’s at least try to tell people the information in a way that can make some sort of logical sense. And it would be nice to see mailers that were open about being ... Read More »

      I’m a Pilot. Can My Student Loans Be Discharged in Bankruptcy?

      You want your pilot to use a checklist so they don't miss anything important, don't you?

      Question: Dear Steve, I am a pilot who currently has several private student loans that are making me unable to own a home or even live on my own. I was a victim of scam in which they said my loans would be discharged in court meanwhile I was supposed to pay a very large fee. Upon some investigation I ... Read More »

        Permanently Disabled People Eligible for Total Federal Student Loan Forgiveness

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        The Obama administration is rolling out plans to forgive the federal student loan debt of people who are designated as permanently disabled by the Social Security Administration. This is estimated to forgive about $8 billion in federal student loans and assist debtors who are permanently disabled from having benefits garnished and forcing them through struggles with their student loans. The ... Read More »

          Did You Pay for HSBC CreditKeeper? You Can Get All Your Money Back.

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          HSBC Bank has been ordered to pay a $35 million penalty for not delivering what they promised to consumer regarding their credit monitoring product, CreditKeeper. Customers eligible for restitution include those who were unfairly billed for CreditKeeper, a credit-monitoring product marketed and sold by the bank, its affiliate HSBC Bank Nevada, N.A., Las Vegas, Nevada, and their vendors. The restitution ... Read More »

            Download Free Book on Business Credit

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            Shortage of capital is the biggest challenge entrepreneurs say they face, and one of the most common reasons they fail. That’s the reason Rich Dad Advisor Garrett Sutton and Nav’s Head of Market Education Gerri Detweiler teamed up to write Finance Your Own Business: Get on the Financing Fast Track, a guide that will help you at any stage of ... Read More »

              Look How Different It is to Get Out of Debt in Scotland

              Eilean-Donan-Castle scotland

              Scotland remains very much a part of the United Kingdom, despite the prospect of becoming an independent country having been raised in earnest during the national referendum on the subject back in 2014. But even as part of the UK, Scotland is able to function as its own country in many respects and can often establish quite different ways of ... Read More »

                New Trump Credit Card Not For Mexicans or Ugly Women

                Drive Carefully

                In an effort to make America great again the Donald Trump campaign grabbed media attention this morning when it beat others to the punch in a virtual public relations riot. The announcement caught many off guard and was totally unexpected in its greatness. The announced plan describes an effort to churn the American economy faster than any other country since ... Read More »

                  Payday Loan Scam Debt Collectors – Caught

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                  At the request of the Federal Trade Commission and the Illinois Attorney General, a federal court has temporarily halted a Chicago-area operation that allegedly threatened and intimidated consumers to collect phantom payday loan “debts” they did not owe, or did not owe to the defendants. The defendants also allegedly illegally provided portfolios of fake debt to other debt collectors – ... Read More »

                    Student Aid Institute – The Latest in the CFPB Crosshairs

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                    The Consumer Financial Protection Bureau (CFPB) yesterday took action to halt a student loan debt relief scam that illegally tricked borrowers into paying fees for federal loan benefits and misrepresented to consumers that it was affiliated with the Department of Education. The CFPB is ordering the student debt relief company, Student Aid Institute, Inc., and its chief executive officer, Steven ... Read More »

                      Certified Debt Reduction Notice – Utter BS

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                      So this Certified Reduction Notice arrived in the mailbox of one of my amazing readers. I have no clue what make this notice “certified.” Certifiable is more like it. The sales letter, that’s what it is, arrived in a plain envelope with little identifying information The letter inside doesn’t even say who the company is behind this. The claims made ... Read More »

                        Corinthian College Students to Get Student Loan Debt Forgiven

                        an Young happy woman at the computer

                        The U.S. Department of Education announced today that students who were defrauded at 91 former Corinthian Colleges Inc. (Corinthian) campuses nationwide have a clear path to loan forgiveness under evidence uncovered by the Department while working with multiple state attorneys general. These campuses represent the largest group of borrowers eligible for loan relief so far from the ongoing investigation into ... Read More »

                          Will Consolidating My Student Loans Stop My Wage Garnishment?

                          business and office, stress, problem, crisis concept - stressed

                          Question: Dear Steve, Recently contacted by consolidation group about consolidating my student loans I also have a wage garnishment on my recent paystub’s from my college institution I was wondering if consolidation would remove that garnishment from my current paystub’s the person I spoke to you about the consolidation told me that that would not remove it but your website ... Read More »

                            Aissac Aiono and Seila Law Deny CFPB Claim They Should Be Held Responsible

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                            In the ongoing saga that is the Morgan Drexen mess, a new attorney was recently dragged into the quagmire. Aissac Aiono, operating as Seila Law was alleged to have taken over debt settlement clients and efforts for the chain that began with Morgan Drexen, passed through Howard Law, and now is purported to have landed on Seila Law. You can ... Read More »

                              What Do You Think About Wealth Network Solutions Debt Relief Business Opportunity?

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                              A reader sent me an email and wanted to know what I thought about the recent press release and debt relief business opportunity that a company named Wealth Network Solutions had sent out. The press release seems typical. The company, Wealth Network Solutions, says they have a new web site and help people to deal with their debt. The release ... Read More »

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