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Mickey Rourke Opens Up About His Job as a Mob Debt Collector

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Another episode of before they were stars. Read More »

    Norton & Associates, New Debt Settlement Law Firm, Pitched as a Legal Alternative to the Advance Fee Ban

    Norton & Associates

    An interesting email went out yesterday introducing yet another entrant into the arena, a law firm, to sell debt relief services for/with. The subject line of the email read “A Legal Alternative to the Advance Fee Ban.” When I inquired with the law firm representative for clarification and additional information for this story I was advised to “cease and desist” ... Read More »

      Are Humans Innately Risky With Money? Or Is It All Just Monkey Business?

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      Today I bring to you a video from the TEDGlobal 2010 (TED, standing for, Technology, Entertainment and Design, is a small nonprofit devoted to “Ideas Worth Spreading”) in Oxford, England entitled “A monkey economy as irrational as ours”. I will be the first to admit, when I see a video that is just shy of 20 minutes in length, I ... Read More »

        eBay Debt Settlement and Credit Repair for Less Than $1

        eBay Debt Settlement

        Does anyone believe this advertising copy or the fact you can get rid of 80% of your debt and have it removed from your credit report for $1? Ah but wait, the $0.99 item actually costs $4,000. A classic need for regulation. Click Image for Larger View. — Only pay 20% of your charge-off and collection accounts. We will go ... Read More »

          CPN and Dormant Social Security Numbers, Another Scam

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          The Independent Mail out of Anderson, South Carolina is reporting that the CPN scam I previously wrote about, CPN – Credit Profile Number / Credit Privacy Number – Craigslist Scam to Watch Out For, is still chugging along. The numbers are usually in the name of young children who have no credit history but can also be numbers once assigned ... Read More »

            Lawyers Profit Off Debt Collectors

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            Interesting article from News Chief in Winter Haven, Florida. Attorney Pete Barry points expectantly at the video screen, drawing the attention of 16 attorneys in a hotel conference room who have come to learn his trade secrets. On the screen, a debt collector with spiky hair is squirming, his eyes darting back and forth as Barry barrages him with questions. ... Read More »

              Debt Settlement President Says My Debt Settlement Refund Process is Like Dropping a Nuclear Bomb

              nuclear_explosion

              Not that long ago I wrote an article about how to get a refund from a debt settlement program. I’ve already heard back from some readers that have used the process effectively but I wanted to ask a debt settlement company leader I know if he thought the process would be effective for consumers. I love this quote from his ... Read More »

                Colbert Rebukes Need for Consumer Financial Protection Bureau

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                I think readers of this site will truly enjoy this recent clip from the Colbert Report. Colbert and Barney Frank make this clip hilarious. But the part where Stephen Colbert reads from his arbitration agreement is funny as well. The Colbert Report Colbert Report Full Episodes Read More »

                  Mailer From Lender Results in Referral to Debt Settlement Company Legal Helpers Debt Resolution

                  Thanks to an awesome tip, I received a mailer that is being sent out. This one was received by a Pennsylvania resident. The mailer was sent out using a West Palm Beach, Florida mailing permit but it appears to come from a company called NFM, Inc. NFM was identified as NFM Lending. Apparently their name used to be National Fidelity ... Read More »

                    If Your Credit Card Company Offers You a Rebate Card – Just Say No.

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                    Apparently credit card companies are trying to get around the new rules about jacking up your interest rates by replacing your current credit card, that’s covered by the new rules against rate jacking, with a rebate car, that’s not. From the Wall Street Journal: Citibank rolled out rebate-card offers to some of its customers last fall, offering to refund up ... Read More »

                      Representative for Debt Settlement Law Firm Tells Me New FTC Rules Don’t Apply to Them

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                      I was working on another story but I had to share this little nugget with you. Apparently the debt settlement law firm sales representative believes the new FTC Telemarketing Sales Rules apply to debt settlement companies but says they don’t apply to law firms. It was an interesting approach that the representative was telling me if I went with a ... Read More »

                        Question for You About a Sex Offender and Debt Settlement Company

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                        I just got a credible tip about a convicted sex offender that is in upper management of a debt settlement company. My question to you is, is it news I should report if I can confirm it, which I can. Or should I disregard it. I’ve never faced this situation before. The person was convicted of: 800.04 Lewdly Fondle Or ... Read More »

                          In China, Credit Card Debt Enslaves. Anyone Surprised?

                          It isn’t a big shock to find out that the credit craze and panic is exploding around the world. The credit craze and panic works like this: Stage One: Craze – apply and get approved for credit and go crazy racking up the balance. Stage Two: Panic – after you’ve expended your credit resources you panic as you try to ... Read More »

                            CONSUMER ALERT – Do Not Enroll in Any Debt Settlement Program Before October 27, 2010 That Charges a Fee Before Debt is Settled

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                            The new Federal Trade Commission rules have now been released that will regulate how fees can be charged in debt settlement programs. Any consumer that is thinking of enrolling in any debt settlement program before the new rules take effect on October 27, 2010 needs to be aware, after that date a debt settlement company can not charge you a ... Read More »

                              How Do You Value Your Quality of Life? Debt Solutions to Fix The Future

                              Photo Credit: Cayusa

                              Debt doesn’t just affect the people actually in debt, it often affects the ones around them, near and dear to them. I know this from first hand experience as someone who has loved and lived with someone so deep in debt they could not see a way out. Not only is the emotional toll hard on the debtor but also ... Read More »

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