Latest Posts
Home > Debt Articles (page 190)

Debt Articles

FTC Halts Bogus Credit Card Business

Ready to Collapse

May 19, 1998 A business that claimed it could obtain unsecured credit cards — even for consumers with past credit problems — for up-front “processing fees” of up to $129 has agreed to settle Federal Trade Commission charges that in almost all cases they failed to provide the cards and, in others, they failed to disclose additional processing and annual ... Read More »

    Project Credit Despair’ Snares 20 ‘Credit Repair’ Scammers

    Ready to Collapse

    ‘Project Credit Despair’ Snares 20 ‘Credit Repair’ Scammers February 2, 2006 Defendants Allegedly Lured Consumers With False Claims The Federal Trade Commission, U.S. Postal Inspection Service (USPIS), and eight state law enforcement agencies today announced a crackdown on 20 operations that deceptively claim they can remove negative information from consumers’ credit reports – even if that information is accurate and ... Read More »

      How to Find Joy in the Midst of Financial Troubles. For Me, it is a Camera or a Motorcycle.

      Ready to Collapse

      In the past I’ve written about how important it is to not let your debt situation ruin your life. See “Don’t Let Your Debt Consume Your Life. Take Advantage of Free Beauty Around You.” Today I wanted to share with you another love in my life, my Suzuki Burgman motorcycle. I love to ride and if you already own a ... Read More »

        Medical Student Debt Leads To Thoughts Of Suicide and Burnout

        Ready to Collapse

        Having worked for years in the medical field I applaud anyone that decides that they want to become a doctor. But I’ve met my share of people that seem to have become doctors for “the money” or who once they became doctors, wanted to do something else with their lives. Being a doctor is not easy, but being a medical ... Read More »

          Is The Government’s Financial Bailout Going To Help You Get Out Of … – WebWire

          Ready to Collapse

          Blaine, Washington - Unless you’ve been hiding under a rock or stranded on a deserted island for the last month, you’ve no doubt been hearing all the talk about the big financial bailout that the US Government is giving to the banking system and ... Read More »

            How To Save Money Without Really Trying

            Ready to Collapse

            Saving Money Step-By-Step I know it might feel impossible to put more money in your pocket. The key though is having a plan and following it through. Time after time people prove to be their own worst enemy in this process. I’m not being cynical, just a realist. No advice in the world is going to help you if you ... Read More »

              How to Eliminate Your UK Debt When Living in the US

              Ready to Collapse

              There is almost nothing worse than lingering debt you left back home. Collectors want to get paid but if you are a UK citizen now living in the U.S., that might be hard to do. It’s not just that things are getting financially tighter for everyone that creates a problem for British citizens by living in the U.S. to repay ... Read More »

                Beware of Your Debit Card. Credit Cards are Safer.

                Ready to Collapse

                Why a Debit Card is Not All That Attractive The debit card has an allure for many because it allows people to make credit card like transactions without the fear of debt but all of that comes at a price and a risk. A debit card is not a credit card, obviously. With a debit card, transactions are paid from ... Read More »

                  Deceptive Billers Agree to Settle FTC Charges

                  Ready to Collapse

                  January 31, 2002 Operators who allegedly sent bogus bills to consumers or charged their credit card accounts, claiming that the consumers owed money for audiotext or Internet services they did not order or authorize, have agreed to settle Federal Trade Commission charges that their practices violated federal law. The settlement bars the defendants from engaging in deceptive billing practices in ... Read More »

                    Citigroup Settles FTC Charges Against the Associates Record-Setting $215 Million for Subprime Lending Victims

                    Ready to Collapse

                    September 19, 2002 In the largest consumer protection settlement in FTC history, Citigroup Inc. will pay $215 million to resolve Federal Trade Commission charges that Associates First Capital Corporation and Associates Corporation of North America (The Associates) engaged in systematic and widespread deceptive and abusive lending practices. Citigroup acquired The Associates in November 2000, and merged The Associates’ consumer finance ... Read More »

                      FTC Charges Telemarketing Network with Selling Bogus Advance-Fee Credit Card Packages

                      Ready to Collapse

                      FTC Charges Telemarketing Network with Selling Bogus Advance-Fee Credit Card Packages January 17, 2003 The Federal Trade Commission has filed charges against seven corporations and nine individuals, the Assail Telemarketing Network, for engaging in deceptive and unfair activities in the marketing of advance-fee credit card packages under the names Advantage Capital, Capital First, and Premier One. The Commission alleges that ... Read More »

                        Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams

                        Ready to Collapse

                        Federal and State Agencies Target Mortgage Foreclosure Rescue and Loan Modification Scams July 15, 2009 FTC Leads “Operation Loan Lies” to Stop Fraud and Help Distressed Homeowners Federal Trade Commission Chairman Jon Leibowitz, joined by California Attorney General Jerry Brown, today announced Operation Loan Lies, a coordinated national law enforcement effort to crack down on mortgage modification scams. The operation ... Read More »

                          Two Companies Settle Harassment Charges Relating to Debt Collection

                          Ready to Collapse

                          Two Companies Settle Harassment Charges Relating to Debt Collection August 25, 2004 Two companies whose representatives allegedly harassed consumers with multiple phone calls and abusive language have agreed to settle Federal Trade Commission charges that their business practices violated federal law. The FTC’s complaint against Applied Card Systems alleged that, as part of the companies’ debt collection practices, representatives repeatedly ... Read More »

                            FTC Obtains Court Order Halting International Scheme Responsible For More Than $10 Million In Unauthorized Charges On Consumers’ Credit and Debit Cards

                            Ready to Collapse

                            June 28, 2010 Operation Used Expansive Network of “Money Mules” At the request of the Federal Trade Commission, a federal court has halted an elaborate international scheme that used identity theft to place more than $10 million in bogus charges on consumers’ credit and debit cards, pending a trial. More than a million consumers were hit with one-time charges of ... Read More »

                              Florida Defendants to Pay $700,000 in Redress for Alleged Misrepresentations Related to the Telemarketing Of Worthless Credit Card Protection

                              Ready to Collapse

                              Florida Defendants to Pay $700,000 in Redress for Alleged Misrepresentations Related to the Telemarketing Of Worthless Credit Card Protection April 24, 2002 Complaint Filed in October 2000 as Part of FTC’s “Operation Protection Deception” Sweep   An Orlando, Florida-based company doing business as Advanced Consumer Services (ACS) and its principals caught up in the Federal Trade Commission’s 2000 “Operation Protection ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.