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New Obama Student Loan Proposal – Swing and a Miss

begging

Yesterday President Obama made an announcement that a good federal student loan repayment program would be expanded to allow up to five million more people to take advantage of Pay As You Earn (PAYE). Certainly on face value it seems like a grand advancement and it is a small step in the right direction but in reality it’s more like ... Read More »

    How to Get a Co-Signer Off a Private Student Loan

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    Private student loans are bad news all by themselves but when you add in a co-signer, things can get very financially messy. Co-signers think they are doing a nice thing for their relative or child when they co-sign. They think they are helping to further the persons education and give them a hand-up in life. But often what they are ... Read More »

      Letters to Release Co-Signer From Private Student Loan

      break free from prison pressure or quit job running away towards

      Sample Letter on How a Borrower Can Release a Co-Signer You may use the sample letter on the next page to ask your loan servicing company for more information about how to release a co-signer. How to use this sample letter: Read the background below. Fill in your information on the sample letter and edit it as needed to fit ... Read More »

        Who Is Consumer Relief Attorneys a Reader Asks

        abandoned

        I received an email from a reader asking me who Consumer Relief Attorneys was. The reader had attached a link to this file and made a statement an Alabama attorney by the name of James Oster was somehow related to Consumer Relief Attorneys. I don’t know if that is true. It is tough to tell from public records since there ... Read More »

          Sovereign Associates and Sovereign Funding Sent Me This Offer. What Do You Think?

          Sovereign Associates

          A very nice reader sent in the following offer they received and said, “I will just be grateful if this is not legitimate and it helps me and/or others that are in a financial hardship and get something that seems to answer their prayers and may fall subject to an even worse situation. That in itself is awful! Thank you ... Read More »

            When Bankruptcy Feels “Wrong”

            Mature woman confused

            By Paula Langguth Ryan When it comes to your debts, are you stressing yourself out financially or creating financial hardship for yourself or a loved one? Has anyone suggested you consider bankruptcy? Do you get queasy even considering the idea? I want you to pay attention to where any feelings of “it just feels wrong inside” to not pay your ... Read More »

              Marc Hoffman of Hoffman Law Group to Face Bar Issues

              punched-in-face

              The Hoffman Law Group is/was a Florida based company that is said to have provided foreclosure rescue services and solicited consumers for mass joinder suits against lenders. This approach has been problematic and a number of authorities have warned consumers about this type of activity. The Palm Beach Post is reporting: “A North Palm Beach lawyer who advertises foreclosure-rescue services ... Read More »

                FTC Bans MLM Executives and Says Claims Were Bogus

                broken piggybank with dollar notes

                The operators of a Kentucky-based pyramid scheme, which enrolled more than 350,000 consumers throughout the United States, Puerto Rico and Canada in the last four years, have been banned from multi-level marketing under a settlement with the Federal Trade Commission and the states of Illinois, Kentucky and North Carolina. The settlement also requires the operators to surrender assets totaling at ... Read More »

                  Who is Consumer Legal Resources of Florida?

                  Adult Ed - Questions

                  A reader asked me today about a company out of Florida called Consumer Legal Resources of Florida that the State of Florida says Joseph Hilton is the president of. The company was registered in Florida on April 25, 2014. Does anybody know what this new company is going to be doing for consumers or selling? If you have a credit ... Read More »

                    Four Ways You Can Seek Back Pay for an Unpaid Internship

                    black-hole

                    by Kara Brandeisky ProPublica, May 9, 2014, 12 p.m. At ProPublica, we’ve heard from a lot of unpaid interns. You’ve told us about walking your boss’s dog, fact-checking for magazines and even doing the same work as federal prosecutors 2014 all for little or no pay. If you think you might be entitled to minimum wage for your work, you ... Read More »

                      Education Loan Network Mailer Raises Concerns for Reader

                      ELN Inside

                      An amazing reader adalton sent in a new debt relief mailer through my I Buy Junk Mail program. The mailer if for an entity identified as Education Loan Network and mailed from postal permit 1297 in Sacramento, CA. The reader who submitted this mailer for review, said: “I noticed a couple red flags on this one: 1. This generically named ... Read More »

                        Mortgage Delinquencies Plumet and Subprime Borrowers Get Shot

                        Q1-2014-Mortgage-Infographic

                        TransUnion, the credit reporting people, have just released new data that certainly makes it appear the big wave of mortgage defaults and delinquencies is over. In fact this data marks the ninth quarter of declines in the rate at which borrowers are 60 or more days behind on their mortgages. We haven’t see rates this low since the second quarter ... Read More »

                          Dirty Dozen Credit Card Debt Strategies If You’re Laid Off


                          Attractive red-haired female reading a manual before do-it-yours

                          Layoffs are happening at big name companies like IBM, JPMorgan Chase, La-Z-Boy, and Sony, as well as family-owned businesses. You’re not alone if you’ve been blind-sided by a layoff. Or you may have some advance notice. Either way, losing your job can trigger feelings of unworthiness, powerlessness and lack. (Three of the big six core beliefs I talk about in ... Read More »

                            Free Student Loan Money for Veterinarians

                            Young female vet examining dog by stethoscope at pets' clinic.

                            The National Institute of Food and Agriculture, USDA, has announced there is money available in fiscal year 2014 for their Veterinary Medicine Loan Program (VMLRP). Veterinarians eligible must serve in two ares: (1) geographical areas that the USDA Secretary determines have a shortage of veterinarians; and (2) areas of veterinary practice that the Secretary determines have a shortage of veterinarians, ... Read More »

                              Reader Sends n Student Loan Relief Group Mailer That Concerns Her

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                              An amazing reader FTC Investigator sent in a new debt relief mailer through my I Buy Junk Mail program. The reader said this about the submission: “This is a very misleading letter as it states that I am eligible for the student loan reform act. It implies that there is some sort of government program that I have been pre-qualified ... Read More »

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