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Why There is Nothing Inherently Wrong with Debt Settlement

Inspirational motivational quote. If you see fraud and do not say fraud you are a fraud. Simple trendy design.

A recent article out of India about a business that entered a debt settlement agreement reminded me that I’ve wanted to write this article for some time. Over the past five or so years, debt settlement has developed a nasty reputation as a scam. Unfortunately it is the debt relief bad apples that the industry did not try to stop ... Read More »

    Dump of Debt Relief Offers Raises More Concerns Than Answers

    Important Notice

    As part of my I Buy Junk Mail program, Eve sent in a number of recent debt relief mailers that landed in her mail box. Imagine how the average person would be able to decipher the claims made or even begin to understand what company would be able to offer the debt service or solution. As you can see in ... Read More »

      Debt Relief Companies and Individuals – Banned

      Shirtless young man outdoor doing silly face

      The Federal Trade commission is reporting more actions against debt relief providers that allegedly misled consumers about their services. While this is about a debt settlement company, all consumers should walk away with the fact they have a responsibility to know who they are doing business with. Buying defective debt relief help is no more egregious than buying a defective ... Read More »

        CFPB Concerned About Widespread Servicing Failures Reported by Student Loan Borrowers


        CFPB and U.S. Departments of Education and Treasury Issue Framework for Servicing Reforms, Bureau Prioritizes Stamping Out Illegal Actions WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) released a report outlining widespread servicing failures reported by both federal and private student loan borrowers. Consumers describe companies using a wide range of sloppy, patchwork practices that can create obstacles ... Read More »

          Millions of Federal Student Loans Lining Up to Be Eliminated and Borrowers Repaid

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          As a consumer debt expert for decades I’ve developed a pretty good sense of reading the tea leaves of debt. Sometimes this means making some sense out of puzzle pieces well in advance of assembly. I’m getting that same strong sense that student loan debtors are on the verge of a bold new ability to discharge massive amounts of federal ... Read More »

            Budgeting for Travel as Part of Your Retirement Planning


            For years, you dreamed of traveling after you retired. Now the time is near and you’re ready to pack your bags, but you wonder how much it will cost and how you’ll budget for the trips you’re planning. To help us answer that question, we contacted Donna L. Hull. Since 2008, she’s traveled and blogged about it at My Itchy ... Read More »

              More California Mortgage Modification Scammers Head to Jail

              Dead man walking - Sad prisoner with handcuffs in prison with orange clothes

              Four people who worked at a Rancho Cucamonga business that offered bogus loan modification programs to thousands of financially distressed homeowners – victims who lost more than $7 million when they paid for services that were never provided – were sentenced today to federal prison, with one of the leaders of the scheme being ordered to spend 20 years in ... Read More »

                Not a Shocker – Fraud and Intimidation in Marketing Pills, Powders, or Potions


                The Federal Trade Commission is taking action against the Florida-based marketers of a line of weight-loss supplements who allegedly made baseless claims for their products, and then threatened to enforce “gag clause” provisions against consumers to stop them from posting negative reviews and testimonials online. In a complaint filed in federal court, the FTC alleges that Roca Labs, Inc.; Roca ... Read More »

                  Rut Ro – Data Breach at Hilton Properties


                  If you recently stayed at a Hilton Hotel, Embassy Suites, Doubletree, Hampton Inn and Suites, or Waldorf Astoria – a hack may have exposed your financial details. Banks have identified a pattern of fraud that strongly suggests certain payment systems in these Hilton Hotel properties in several locations were hacked, exposing customer payment card information. Hilton confirmed that it is ... Read More »

                    This Guy Gets How to Deal With Debt

                    Debt Settlement Advice

                    Bill Westrom just sent in an article to me to post on my site and it was so on track with what I have been trying to get across to people. I had to share it with you. Bill understands that dealing with debt is about education, understanding, introspection, and not forcing the solutions to fit the problems. Far ... Read More »

                      How to Budget on a Teacher’s Salary


                      With the school year done in our area and others, I’ve been able to spend more and more time with my mom on the phone catching up. While she sometimes goes on trips during her break, this year she wants to be flexible as she’s awaiting the arrival of our baby next month, her first grandchild. We’re happy she’s able ... Read More »

                        Debt Collector Claims Debt Collector Owes Them Money


                        In a twist of irony, National Credit Adjusters, a Kansas based delinquent accounts receivable company has filed suit against Cred X Debt Recovery, James Sauer, Jeffrey Schultz, and Richard Schultz. National Credit Adjusters claimed the following in their suit. “On or about May 24, 2012, NCA contracted with Defendant Cred X to have Defendant collect unpaid accounts on NCA’s behalf. ... Read More »

                          New Data Reveals Stark Gaps in Graduation Rates Between Poor and Wealthy Students


                          by Annie Waldman ProPublica, Sep. 24, 2015, 3:33 p.m. A new report released Thursday provides a detailed look at the graduation rates of low-income college students. At many colleges, low-income students graduate at much lower rates than their high-income peers. At the University of Missouri-Kansas City, only 35 percent of Pell Grant recipients graduate college, a rate that is more ... Read More »

                            Four Years Later, Consumers Get Pennies From Debt Relief Scam

                            business, people, bankruptcy and failure concept - close up of businessman showing empty pockets over blue background

                            Four years ago now the California Department of Justice swooped in an shut down an enterprise they claimed was taking advantage of consumers who were seeking mortgage modification or actions against the mortgage company. More can be read here. The parties named in the original action included: Attorneys Processing Center, LLC, also doing business as Attorney Processing Center, and Processing ... Read More »

                              Department of Education Tips Hand on Student Loan Defense


                              The Department of Education is scheduled to publish a request that seems to tip their hand about a borrower defense that could allow lots of students from having to repay their student loans. Clever attorneys will find a way to confirm if schools have violated state laws, as the government has claimed some have. If proven the school had violate ... Read More »

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