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Home Relief Foundation Defendants Barred from Selling Debt Relief Services


FTC Case Was Brought as Part of Multi-Agency Crackdown on Mortgage Relief Scams Austin, Texas-based Home Relief Foundation, Inc. and its two owners have settled Federal Trade Commission charges that they illegally charged up-front fees for services they falsely promised would reduce consumers’ mortgage interest rates or monthly payments. The settlement order prohibits the defendants from selling debt relief products ... Read More »

    Student Loan Debt Collectors Get a Black Eye

    Women fighting

    Student loans continue to dominate the news wires as our current administration seeks ways to ease the burden of student loan debt. There are hints of taking a crack at allowing bankruptcy for student loans. But until that time, which may or may not come, there still remains a major problem with the continued default rate in repayment of student ... Read More »

      How to find and interview the bankruptcy attorney you will hire.


      Not all bankruptcy attorneys are created equal. That is not shocking. The same could be said about finding help in any profession or job that requires expertise and training. That said, finding the right bankruptcy attorney for you is not something that should prove difficult for most of us. But there are some things I would encourage you to both ... Read More »

        There’s a Catch to Income-Based Repayment That Could Cost You Money


        When it comes to dealing with student loans it can be a good news-bad news situation. While there are some good options to dealing with student loans when you can’t afford the payments, not all loans are the same. Federal student loans have a number of repayment options while private student loans tend to be more limited in terms of ... Read More »

          Debt Settlement Industry Still Crazy After All These Years

          no bullshit

          On March 10th I wrote about a landmark lawsuit filed against a wide number of people in the debt settlement field. As per an email that was allegedly sent out by Ira Frazer of Consumer Legal Services of America. The email also said, “The suit filed also includes serious allegations against Global Client Solutions, LLC some of their employees, Greenspoon ... Read More »

            One Way to Eliminate Your Student Loans in Your Spare Time

            Dollars and Stopwatch

            We talk a lot about student loan debt and how to deal with it here at It is something that so many people are trapped under. How do you start a family, buy a home or just live a comfortable life when your minimum monthly student loan payment is more than most mortgage payments? You could easily pay off ... Read More »

              ECMC Called Liar by Senator Durbin – Critical of For-Profit Colleges

              Sagging Economy

              U.S. Senator Dick Durbin (D-IL) today said that Congress can’t continue to look the other way when it comes to abuses by the for-profit colleges that – in some cases – take in more than 90% of their revenue from the federal government yet account for these startling lopsided statistics. He states the for-profit colleges are siphoning money out of ... Read More »

                Democrats Introduce Bill to Restore Bankruptcy Treatment for Student Loans


                Senator And Others Say It’s Time To Restore Fairness And Common Sense To Bankruptcy Treatment Of Student Loans U.S. Senator Dick Durbin (D-IL) led a group of 12 other Senators today in introducing a bill that will help address the student debt crisis by treating privately issued student loans in bankruptcy the same as other types of private unsecured debt. ... Read More »

                  Will You Finally Be Able to Get Rid of Your Student Loans in Bankruptcy?

                  help woman

                  This week the White House announced a new Student Aid Bill of Rights, which aims to help federal student loan debtors with better options and more clarity in dealing with their problem student loans. While most of the new initiatives announced are geared toward eliminating unnecessary payment hurdles and make dealing with federal student loan repayment options easier, one section ... Read More »

                    Want to Stop Getting into Debt? Quit Doing This One Thing


                    I know someone whose 20-year-old niece wanted to buy a new car. She asked her grandma to co-sign for the car loan, but grandma said, “I love you. But no, I will not co-sign. If you miss a payment, I’m responsible.” So, the niece turned to her mom who couldn’t say “No” and co-signed the car loan. Doh! Who’s Liable ... Read More »

                      Why People With Good Credit Have More Dollars in Their Pocket

                      How Much Your Credit Score Costs You

                      Credit Karma, an online consumer finance platform with more than 35 million members, today launched a new consumer education website in honor of March’s Credit Education Month to better educate consumers about credit health. The new site,, is designed as a first stop for consumers to educate themselves on the importance of actively managing credit, illustrating the impact of ... Read More »

                        Student Aid Bill of Rights to Assist Federal Student Loan Debtors

                        happy woman in wheelchair outdoors beach showing victory sign

                        In a move that could help make it easier for federal student loan debtors to deal with their loans, President Obama has just announced a new Student Aid Bill of Rights. It appears the government might be making it easier for consumers to discharge federal student loans through bankruptcy. Take a look at Section 3(b) below. In section 2(c) the ... Read More »

                          Debt Settlement Industry – Sued in RICO Complaint

                          The stomach ache is the symptom, not the problem. What is causing the stomach ache?

                          It what I can only describe as a bombshell of an email, apparently debt relief industry individuals received the email below from Ira Frazer of Consumer Legal Services America, that has explosive implications. The email reads like a conference listing of both sides of the debt settlement industry. I reached out to Ira Frazer yesterday for more information but as ... Read More »

                            Reader Raises Concerns About Financial Rescue, LLC and Success Link Processing, LLC by Consumer


                            I received an email from a reader, along with a filed complaint, who expressed some serious concerns about two companies selling debt settlement services; Financial Rescue, LLC and Success Link Processing, LLC. The reader sent in the following statement: “In August of last year, I enrolled in this company from Financial Rescue LLC in Milpitas, CA. They are a local ... Read More »

                              How I Got Out of $63,000 of Credit Card Debt


                              Sleepless nights.  A knot in the pit of the stomach. A gnawing sense of unease. Charles Phelan was familiar with the physical and emotional toll of debt. But usually it was his clients who were experiencing those symptoms. This time, it was his turn. He owed more than $50,000 in credit card debt and knew it was time to make ... Read More »

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