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Americorp Does Not Show Up for Trial. Allegro Law Litigation and Bankruptcy Nearing Completion, Maybe.

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It seems like a lifetime ago that I first wrote about the Allegro Law debacle. After Hess Kennedy, Allegro was the next big debt settlement firm to implode. We first wrote about Allegro Law in 2009 and since that time, Allegro Law went out of business, consumers lost money, Keith Nelms lost his law license and went bankrupt, and nobody ... Read More »

    USAvsDEBT, USDC Student Loan Services and Student Loan Consolidation Center Signup

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    The Association for Student Loan Relief has shared new member flocking to the association focused on selling student loan relief services to consumers. Current members include AP Student Loan Relief, Action Financial, Debt.org, Student Loan Consolidation Center, American Student Loan Consolidators, US Student Loan Services, USAvsDebt, USDC Student Loan Services, Frontline Debt Services. – Source As always, for consumers who ... Read More »

      Credit Care Pluz a Bogus Preacher Credit Repair Scam

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      If you are surprised by what I’m about to share with you, you should not be. The allegation is a minister who was previous charged with identity theft and drug charges has been running an Illinois credit repair business that has left some unhappy consumers without refunds. “Moshamba Cannon was a preacher with a message, a family, and a surprisingly ... Read More »

        CFPB Pulls Back Curtain on Debt Collection and New Rules

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        The Consumer Financial Protection Bureau (CFPB) has put out a new document with an extensive amount of information that paints the debt collection industry in a new light. One fact I found exceedingly interesting is the percentages of debts the debt collection industry handles, “medical and other health-related debts (36%), credit card debts (20%), telecom debts (13%), and student loan ... Read More »

          Misleading Student Loan Mailer to Watch Out For From Student Loan Servicing Center

          Student Loan Servicing Center Mailer

          A consumer just submitted a complaint about Student Loan Servicing Center and included a mailer they received. I wanted to review the mailer for you and show you all the items that raised my concern. It’s worth discussing these items so you can be more aware of what marketing messages you may receive so you can evaluate them. If you ... Read More »

            Disturbing Student Loan Client Services Mailer to Watch Out For

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            A reader has just sent in a mailer they received from an entity called Student Loan Client Services. Talk about a generic name. The mailer, which appears to pretend to be an official government mailer, and was sent from postal permit 1297 in Sacramento, California. The reader sent in the new debt relief mailer through my I Buy Junk Mail ... Read More »

              Tell Me About US Student Loan Services

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              A new debt relief company selling student loan debt help has come across my desk. I’d love to hear from you if you’ve used their service or have been through the sales presentation. The company is US Student Loan Services and is on the web at usstudentloanconsolidation.org. When new companies like this appear I’m really interested in your feedback on ... Read More »

                Why Debt Relief Help is Broken in America

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                Being in debt is a terrible situation. You are at your lowest moment in life or darn near close to it. On top of that you may be experiencing the common side effects problem debt brings like depression, hopelessness, feelings of failure, or marital strife. The one point most can agree on is being in debt is not a happy ... Read More »

                  Loan Modification Debt Company Owner Sentenced to Prison

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                  Ian Kideys, 40, of La Jolla, California was sentenced to five years in club fed for his role in K2 Capital Management, U.S. Mortgage Bailout, and iLoanAudit. Shocker, a loan modification company owner found guilty of fraud. According to prosecutors, “US Mortgage Bailout obtained some mortgage relief for its customers through fraudulent representations to lenders, but otherwise simply collected money ... Read More »

                    CFPB Publishes Advice if You’ve Given Someone Power of Attorney Over Your Money Matters

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                    The Consumer Financial Protection Bureau (CFPB) has recently published guidance that appears to have a direct connection to debt relief companies that manage the finances of others using a Power of Attorney (POA). I frequently see these types of relationship between consumers and debt relief companies, like settlement companies, and now more student loan assistance organizations. While the guidance in ... Read More »

                      Big Changes Coming for Those Struggling with Federal Student Loans

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                      Let’s get the bad news out of the way, none of this good news in this article applies to private student loans. When it comes to private student loans my advice remains the same as it has been, avoid them like the plague. But for federal student loan holders as of July 1, 2014 a big change is being made ... Read More »

                        Fake Payday Loan Collectors Halted by Court

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                        At the request of the Federal Trade Commission, a U.S. district court has halted an operation based in Atlanta and Cleveland that allegedly used deceptive and threatening tactics to collect phantom payday loan “debts” that consumers either did not owe, or did not owe to the defendants. The court order freezes the defendants’ assets to preserve the possibility of providing ... Read More »

                          The National Consumer Hardship Program Mailer

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                          Well it looks like possibly misleading debt reduction mailers are still being sent out by that old postal permit 1297 in Sacramento, California. This one is for something that looks like a government check when you glance at it from the outside. The mailer is really for something called The National Consumer Hardship Program. And the fake check even goes ... Read More »

                            United Tax Group Raises Questions by Reader

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                            A reader wrote me and was curious why United Tag Group was advertising they are an A rated accredited member of the BBB. So I had to go check. And sure enough, the link the reader gave me, unitedtaxgroup.net does show the company claiming to have that rating. It also claims they are a member of the National Association of ... Read More »

                              Morgan Drexen Hits Speed Bump in Suit Against the CFPB

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                              Previously the somewhat debt settlement, social media, call center, software developing, reputation defending company Morgan Drexen in California sued the CFPB and challenged its constitutionality. I’ve written about that here, here, and here. On October 17th the United States District Court for the District of Columbia issued an opinion in the case. In the 29 page opinion, Judge Kollar-Kotelly had ... Read More »

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