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Dubious Student Loan Assistance Offer From a Church?

Unless you are on fire, taking a day or two before you take action isn't going to change anything.

A tipster (send in your tips here) just sent me the following email they received today offering student loan assistance. On first glance it seems like just a run of the mill offer for help. Maybe one people might bite on. But why is this allegedly being sent out by the HRock School of Supernatural Ministry in Pasadena, California? I ... Read More »

    New Crestmont Funding Credit Counseling Debt Consolidation Mailer Reviewed

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    An amazing reader Shawn sent in another new debt relief mailer through my I Buy Junk Mail program. Shaw sent in another mailer received from Crestmont Funding. This one is different than the one I reviewed in this article. That other article has more information on Crestmont Funding than this one does. The new debt consolidation loan mailer is signed ... Read More »

      Department of Education Reaches Decision About Student Loans and Bankruptcy

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      The Department of Education has just released guidance on how it will handle bankruptcy discharge requests for government backed student loan debt. And while the guidance is helpful, it’s also a bit disingenuous that it places the burden on students who believed what schools and colleges sold them as a smart financial move. The guidance wants to provide a balance ... Read More »

        Donald Trump Praises Beneficial Power of Bankruptcy. Makes Case for Consumers.

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        In case you might have been misled about the benefits of filing bankruptcy when you run into money troubles, it seems Donald Trump has become the spokesperson of why filing bankruptcy is a smart thing to do. Trump has come out claiming he has never personally filed bankruptcy. And that is absolutely true. But in his defense he has made ... Read More »

          More Payday Loan Fraud Stomped On by FTC

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          The operators of a payday lending scheme that allegedly bilked millions of dollars from consumers by trapping them into loans they never authorized will be banned from the consumer lending business under settlements with the Federal Trade Commission. The settlements stem from charges the FTC filed last year alleging that Timothy A. Coppinger, Frampton T. Rowland III, and their companies ... Read More »

            Serial Debt Relief Scammers Back at it Again in Florida

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            The Federal Trade Commission (FTC) has had to invest loads of money again to police the debt relief industry to go after more false promises and schemes to sell people worthless services. Every time something like this happens and the debt relief industry doesn’t police itself, it only hurts all the good companies out there who want to play by ... Read More »

              Worthless Illegal Robocalls Pitching Credit Card Interest Rate Reductions – STOPPED

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              Another Action Targeting Robocalls from “Card Member Services” At the request of the Federal Trade Commission and the Florida Attorney General, a federal district court has temporarily halted an Orlando-based operation that has been bombarding consumers since 2011 with massive robocall campaigns designed to trick them into paying up-front for worthless credit card interest rate reduction programs.  The court order ... Read More »

                Here is Exactly Why People Who File Bankruptcy Are Smart

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                I seem to spend a lot of time educating people that most everything they know about bankruptcy is just plain wrong. In fact a friend of mine just told me they were going to file bankruptcy and my answer was, “congratulations.” You see, even studies by the Federal Reserve Bank of New York have come to the same conclusion I ... Read More »

                  Can Search Engines Stop Student Loan Scammers?

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                  If you’ve checked your spam folder recently, you know that offers of student loan debt relief have exploded right along with the student loan debt problem. You probably know it’s a bad idea to answer spam in a quest to lower your loan payments, but you might be more inclined to answer an advertisement you see on a major search ... Read More »

                    Why We Need to Stop Sneering at Millennials

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                    I’m the perfect age (um, let’s just say in my 50s) and profession (CPA and credit counselor) to insult Millennials. They’re idealistic. They don’t work hard. They need constant care and feeding to do their jobs. On and on. Except I don’t believe any of that. While my parents were the Greatest Generation, I believe my children will eclipse them. ... Read More »

                      Kesher Law Group is Offered Up by Reader

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                      In response to a previous article about the demise of Morgan Drexen a reader said I should take a look at Kesher Law Group. Kesher Law Group According to the State of California, Kesher Law Group, P.C. was formed on April 3, 2015 and is located at 675 Anton Boulevard, 2nd Floor, Costa Mesa, CA 92626 and the agent is ... Read More »

                        Door Slams Hard on Morgan Drexen Debt Settlement Company

                        M.D. Anderson's Houston Main Building is imploded Sunday, Jan. 8, 2012, in Houston. Opened in 1952 the 20-story building was the regional headquarters for Prudential Insurance Company. Prudential sold the building in 1975. ( Nick de la Torre / Houston Chronicle )

                        Surely a bunch of people at Morgan Drexen are blaming the U.S. Government and Consumer Financial Protection Bureau (CFPB) today for the utter demise of Walter Ledda’s creation, Morgan Drexen, on Friday. An insider told me over the weekend, “Just letting you know the court ordered Morgan Drexen’s trustee to seize operations immediately. Morgan Drexen was shut down today at ... Read More »

                          Oh China, You So Funny. This is Going to Hurt.

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                          According to Shanghai Daily, consumer debt is rolling out to middle and low-income earners in China and in my opinion this will just leave innocent people slaughtered by easy credit. Imagine living in a country where easy credit has never been available and then having your first taste of it. It will be like doing meth for the first time ... Read More »

                            UK Kicks U.S. Ass When it Comes to Debt Relief Options

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                            Not all that long ago I actually moved to the UK to study the benefits of debt relief options there. There are familiar U.S. based creditors in the UK but they handle debt relief entirely differently. While the U.S. struggled with disreputable debt settlement providers, the UK required debt relief providers to actually hold a debt relief license and be ... Read More »

                              Kickstarter Project Creator Nailed for Fraud

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                              In its first case involving crowdfunding, the Federal Trade Commission has taken legal action against the deceptive tactics of a project creator who raised money from consumers to produce a board game through a Kickstarter campaign, but instead used most of the funds on himself. The defendant has agreed to a settlement that prohibits him from deceptive representations related to ... Read More »

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