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How to File Debt and Credit Complaints with the CFPB


Throughout this website, and several others I contribute to, I suggest people file complaints with the Consumer Financial Protection Bureau (CFPB). I am usually responding to reader comments when I do, so the reason for suggesting filing the complaint is contained in each comment exchange, but only briefly. I want to be sure readers have a strong grasp as to ... Read More »

    The New American Dream Is A Better Reality

    change your mind

    A new study of what “the American dream” means in 2015 has concluded… Americans have moved away from a belief system dominated by financial achievements and have moved toward a desire for a healthy mental and physical life. For financial experts like myself, that might seem like dour news. It’s not. I’m ecstatic about the findings in this report, called ... Read More »

      Real Estate Law Center Really Still Around?


      I was surprised to see the Real Estate Law Center was still around. I thought they had closed. But on May 12, 2015 Erikson M. Davis signed a consent order with the Connecticut Department of Banking. Davis signed as CEO of Real Estate Law Center. – Source I thought the name Erickson Davis sounded familiar, click here. Another associated name ... Read More »

        Otto Berges Not Out of the Credit Repair Pot of Trouble


        In a case I can’t believe is still ongoing is the one filed against attorney Otto Berges in Florida. You can check the related articles below to see past times he has appeared on the site. According to the most recent court document the story is Berges took over or purchased the book of debt settlement business from Law Office ... Read More »

          CFPB and Florida Attorney General Obtain $27.7 Million Judgment Against Foreclosure Relief Scam Companies


          On May 29, 2015 the Consumer Financial Protection Bureau and the State of Florida were granted a final judgment against the Hoffman Law Group and corporate affiliates accused of using deceptive marketing practices and scamming distressed homeowners into paying illegal advance fees. Working together, five companies tricked consumers into paying millions of dollars in illegal upfront fees to join frivolous ... Read More »

            OMG, Morgan Drexen Loses Yet Again


            Poor Morgan Drexen has been getting the shit kicked out of them lately. Just today another blow was delivered by the Colorado Supreme Court who found their attorney model flavor of debt settlement did not give them a free pass to avoid the advance fee laws under an attorney exemption. “The supreme court holds that the trial court erred by ... Read More »

              The Type of People Giving Student Loan Advice – Closers


              I stumbled across this job listing the other day for some company called Student Loan Solutions. They say they can provide you will valuable advice and, “Our Student Loan Advisors will provide you with full explanations and answers to all your questions about your student loans and the programs that are available to you.” – Source So who are the ... Read More »

                Walter Ledda – The Most Innocent Man in the World

                most interesting man

                The Consumer Financial Protection Bureau (CFPB) and Morgan Drexen / Walter Ledda have been duking it out for years. That is until the won a default judgment in their suite against Morgan Drexen. You can see all the latest permutations on this legal battle by clicking here. Recent court documents filed are very interesting to those of us who my ... Read More »

                  Recognize and Review a Nice Debt Collector

                  The decision to file bankruptcy should be a celebration.

                  Complaints about debt collectors number in the ginormous every year. The volume is somewhat understandable. I mean… how many other professions do you spend nearly all of your time trying to get someone to do something they cannot or will not do? Let’s face it, getting people to pay bills they likely can no longer afford is not all smiles ... Read More »

                    Mortgage Relief Scammers Charged With Defrauding Consumers


                    Complaint Charges That Defendants Acting Through An Organization That Advertised Help To Those Seeking Home Loan Modifications To Avoid Foreclosure, Obtained Millions Of Dollars By Deceiving Homeowners Into Selling Their Homes WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Preet Bharara, United States Attorney for the Southern District of New York; Diego Rodriguez, ... Read More »

                      CFPB Says Student Loan Servicers Lie About Bankruptcy Discharge


                      The Consumer Financial Protection Bureau (CFPB) has released a document critical of student loan servicers. Kind of an easy document to write because for the most part student loan servicers suck donkey balls with all their bad information and horrible advice to consumers. But here are the big items the CFPB says they really, really horrible at getting right. Misleading ... Read More »

                        Flush – Meracord / NoteWorld

                        Cleaning toilet

                        A fantastic reader / tipster (send in your tips here) sent me the following press release. Anyone know what Linda Remsberg is doing now? I looked at and that redirects to Evergreen Note Servicing ( (which appears to actually be Evergreen Escrow, Inc.)and goes to a non-existent site. Interestingly, Evergreen Note Servicing sounds a hell of a lot ... Read More »

                          Should You Keep Donating to Charity if You’re Broke?

                          To get the real answers, do the math and listen to what it has to say. Math does not lie.

                          As chairman of, I answer many reader questions about money. However, those questions often involve…love. That shouldn’t surprise anyone who knows that couples fight often about money. I’d guess that half my questions fall into this category. Here’s one I just received the other day: Question: My wife and I are finally trying to buckle down and fix out ... Read More »

                            Steven Vanderhoof Does Appear Connected to Student Loan Relief

                            Screen Shot 2015-05-18 at 12.30.08 PM

                            Last week I received a tip from a reader who alleged the infamous Steven Craig Vanderhoof from the old Credit Exchange was now involved in selling student loan debt relief. You can see that article here. Well thanks to a wonderful reader and tipster (send in your tips here) I think the allegation has some involvement in and the ... Read More »

                              Legal Helpers Lawyers Lose License for Only Two Years

                              Legal Helpers Debt Resolution | (877) 596-6865 (20111202)

                              Frankly I think Thomas Macey and Jeffrey Aleman got off easy on this punishment by the Illinois Supreme Court. It looks like the pair has a couple of weeks left to be practicing lawyers before they are suspended. The findings of the Illinois Supreme Court do not bode well for other attorney model debt settlement companies where non-attorneys do the ... Read More »

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