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Debt Articles

Foreclosure and Loan Modification Consultants Get Jail Time

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In a clear “warning shot” to unscrupulous loan-modification consultants, California Attorney General Edmund G. Brown Jr. today announced that two women have each been sentenced to one year in jail and ordered to repay dozens of homeowners who were charged thousands of dollars in up-front fees for non-existent foreclosure-relief services. Marianne Curtis, 69, of Costa Mesa and Mary Alice Yraceburu, ... Read More »

    Keith Nelms, Owner of Allegro Law Debt Settlement Fame, Goes Bankrupt With $28 in His Pocket

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    I just took a look at the bankruptcy filing for Keith Nelms, the attorney owner of the Debt Settlement company, Allegro Law. Some of the creditors he listed in his filing included: Jennifer Nelms, Calude Nelms, Jr., State of Alabama Consumer Affairs Division, Internal Revenue Service, Alabama Department of Revenue, some student loans, Chase Bank, Household Finance, and the approximately ... Read More »

      Credit Card Defense Network CCDN Sued as a Debt Settlement Company by West Virginia

      The AG’s office in West Virginia just forwarded me a copy of their suit against Robert Lock and Phillip Manger of the ill fated Credit Card Defense Network. CCDN has been in a heap of trouble for some time now. Robert Lock, an attorney, was all over the net in the past few year bragging about how his techniques and ... Read More »

        More Celebrities Facing Money Troubles.

        Donald Faison - Scrubs

        Money problems are not limited to just us mere plebeians but the rich and famous as well. First up this morning is Donald Faison, the guy on the far left from Scrubs. According to TMZ, “Luther Burbank Savings just filed a lawsuit, claiming he hasn’t been paying the mortgage on an apartment complex he bought in Inglewood, CA for $525,000 ... Read More »

          Debt Settlement USA Sued by Bankruptcy Trustee for a Lot of Money

          Here is an interesting legal case that was filed on March 26,2010 against Debt Settlement USA. Former Debt Settlement USA clients, the Leber’s went bankrupt. The Chapter 7 trustee took a look at their situation and sued Debt Settlement USA claiming that Debt Settlement USA breached its contractual obligations to the Lebers’ and failed to provide the promised result. Among ... Read More »

            Dentist Office Leads to Identity Theft Idiot in Law Office

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            Photo Credit: Sappymoosetree An identity theft ring just busted in California got the information on victims to open fake credit accounts in their name from a local dentist office where an employee was giving the identity theft ring dental claim forms which contained the patients’ names, addresses, dates of birth and social security numbers. And people are worried about using ... Read More »

              Dumbest Press Release of the Day – Federal Consumer Relief / Federal Debt Relief

              There is no way I’d do business with the Federal Consumer Relief / Federal Debt Relief company. After reading their latest press release I think they are illiterate. Carefully read the press release they sent out, below, and let me know what you think. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Valuable Process to Reduce ... Read More »

                Mom Get Credit Card Hijacked by Golden Bunny in Farmville

                Farmville Cash Pit

                Alright, it was her son and not a golden bunny but still, probably just as cute. The story is a 12 year old kid from the UK managed to steal his mother’s credit card and run up £905 ($1,373) worth of charges in an otherwise free game, Farmville. You can read the whole sordid tale, here. Get Out of Debt ... Read More »

                  Fake Attorney Scamming Gas Money in the Monkey Junction Area

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                  Truth is much better than fiction. This recent article from Star News proves the point. “The New Hanover County Sheriff’s Office is warning that a man claiming to be an attorney and asking for gas money in the Monkey Junction area is perpetrating a scam. In the past few days, three people in the Monkey Junction area have been approached ... Read More »

                    Loan Modification Scams, “There should be a special place in hell for people who prey on people who are down to their last dollar”

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                    The Providence Journal had a great article on mortgage loan modification scams. Here is an excerpt. “Richard Godfrey, executive director of Rhode Island Housing, said that Rhode Island, which has been experiencing “800 foreclosures a month, virtually for two years, unabated,” has been fertile ground for loan-modification scam operators. Typically, scam artists charge up-front fees, make promises that are too ... Read More »

                      US Debt Resolve, First Debt Settlement Company in America to Embrace Openness and Transparency for Consumers

                      US Debt Resolve Open and Transparent Home Page

                      Effective April 7, 2010 US Debt Resolve, under the leadership of Scott Johnson, became the first debt settlement company in America to answer my challenge for openness and honesty in the debt settlement industry from my article “A Call, Make That a Scream, for Transparency in the Debt Settlement Industry.” I’ve had conversations with some other debt settlement companies as ... Read More »

                        FTC Charges Payday Lender in Scheme to Collect Debts With Wage Garnishment

                        The Federal Trade Commission has charged a payday loan operation with illegally trying to garnish borrowers’ wages and using other illegal debt-collection practices. The FTC seeks to stop these practices and require the operators to surrender improperly collected money so it can be used for consumer refunds. According to the FTC’s complaint, the operators do business as Ecash and GeteCash, ... Read More »

                          Federal Trade Commission Releases “Settling Your Debts” Publication

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                          The Federal Trade Commission today release a new publication to help consumers that might be considering debt settlement as a way to deal with their debt. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Settling Your Credit Card Debts Settling Your Credit Card Debts If you’ve maxed out your credit cards and you’re getting deeper and ... Read More »

                            Eric Farrington’s Wealth Building Seminars – BUSTED

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                            Eric Farrington is but yet another in a long line of get rich quick promoters to wind up on the wrong side of the law. Farrington has a Dallas based wealth building seminar business where he brags that “While homeless himself, Mr. Farrington was able to take $750.00 and purchase a 1000 unit apartment complex.” – Source So let’s flash ... Read More »

                              Spirit Airlines to Charge for Carry-On Bags, Ryanair Installs Pay Toilets on Planes

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                              The grand days of air travel have been gone for a long time but two recent announcements in the past day just confirm that to fly now is akin to taking a sky bus. But as far as I remember you can still pee for free on a Greyhound bus. Photo Credit: Aleksi Aaltonen Ryanair is a European airline that ... Read More »

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