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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

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    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

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      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

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        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 noteworld.com and that redirects to Evergreen Note Servicing (notecollection.com) (which appears to actually be Evergreen Escrow, Inc.)and Meracord.com 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 Debt.com, 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

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            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 GetStudentDebtRelief.com 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 »

                Alleged Disgruntled Former Steve Vanderhoof Coworker Sends in Tip

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                I recently received the following tip, “I worked for Steve Vanderhoof at a student loan company in Irvine, CA. His father Eugene is the “legal owner”. When Steve would get on a call (which was rare) he would identify himself as Steven Craig. This company ripped me off for thousands of dollars in commissions. getstudentdebtrelief.com” It’s a hard lead to ... Read More »

                  South Florida Police Officers Caught in Credit Repair Scheme

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                  video platformvideo managementvideo solutionsvideo player More information on this fraudulent police report scheme to eliminate accurate but bad credit reporting is available from 6 South Florida. Read More »

                    Is the Debt Management Plan Vanishing in the UK?

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                    by Andrew F. Smith The latest figures from the Government’s Insolvency Service suggest we’ve turned a corner, but perhaps it’s not the obvious one. Look at this first graph. Total personal insolvencies are down. OK, they are still roughly twice as high as they were ten years ago, but they have fallen a long way from their peak in 2010. ... Read More »

                      Why a Chapter 7 Bankruptcy Should be Your First Option and Not a Last Resort

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                      A good friend of mine recently wrote about a subject that is near and dear to my heart. Michael Bovee discussed the greater impact of doing the right thing when getting out of debt. It’s a topic I’ve harped on about for years. For me, the greater question to answer before diving into how to deal with your debt is ... Read More »

                        Morgan Drexen Kicked in the Nuts Some More by Court

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                        Well if you are going to get bad news you might as well get it all at once. On the heals of a judgment against Morgan Drexen, an asset freeze, and filing bankruptcy, Morgan Drexen also lost an appeal to have the Consumer Financial Protection Bureau declared to be unconstitutional. I’m not sure what made me curious about what Morgan ... Read More »

                          CFPB Lines Up Crosshairs on Walter Ledda

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                          The Consumer Financial Protection Bureau (CFPB) is not holding back after their recent victory with a default judgment and asset freeze against Morgan Drexen. Now they are going after Walter Ledda personally to recover money. After reporting the recent bankruptcy filing of Morgan Drexen the CFPB filed this long discourse why Walter Ledda should be made to pay for the ... Read More »

                            Student Loan Assistance Companies Bitch Slapped by Attorney General

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                            If anyone in the debt relief industry didn’t see this coming, they are stone-cold blind. Student loan assistance has become the next wave of profitable debt relief services to sell with horrible advice. In an atmosphere that is ripe for picking off consumers for these services, the companies know better and should have learned lessons from the problematic debt settlement ... Read More »

                              Debt Settlement Giant – Morgan Drexen – Ironically Files for Bankruptcy

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                              Things have taken a substantial turn for the worse for California based debt settlement wannabe giant, Morgan Drexen. On April 21, 2015 the court awarded a default judgment in favor of the Consumer Financial Protection Bureau. More on that here. Then on April 30, 2015 the court found there was substantial danger and “good cause to believe that immediate and ... Read More »

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