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FTC Nails American Mortgage Consulting Group and The Debt School

Bitch Slap

The defendants in two separate alleged scams have settled charges with the Federal Trade Commission and will be banned from providing mortgage- and debt-relief services. The cases are part of the FTC’s continuing crackdown on scams targeting consumers in financial distress, including debt relief and credit repair scams, and mortgage relief scams. American Mortgage Consulting Group; Home Guardian Management Solutions: ... Read More »

    Women, Want to Make as Much as a Man?

    college-class

    A new study out comes to the conclusion if women want to explode the gender pay gap then they need to stop thinking about going to expensive colleges and universities. “For women who attended elite institutions, the gender pay gap persists, they found. But for women who study in the lucrative majors [“science, technology, mathematics and business”], the pay gap ... Read More »

      A Million Consumers Victims of GE CareCredit. Refunds to Follow.

      cfpb

      The Consumer Financial Protection Bureau (CFPB) has taken action against GE Capital Retail Bank for allegedly taking advantage of consumers through their medical debt financing program. Today the Consumer Financial Protection Bureau is ordering GE Capital Retail Bank and its subsidiary, CareCredit, to refund up to $34.1 million to potentially more than 1 million consumers who were victims of deceptive ... Read More »

        FHA to Make It Easier for People with Bad Credit to Get a Mortgage

        Happy people celebrating with money raining

        Very shortly new manual underwriting regulations from FHA will become effective and make it easier for people with low credit scores to qualify for a mortgage. This is good news for people without a lot of debt but a low credit score. Under the new rules the following changes will be made. First, HUD has taken the opportunity to address ... Read More »

          Consumer Asks World Law Debt for Three Times Her Money Back

          Screen Shot 2013-12-10 at 1.36.42 PM

          A television station in Colorado is reporting that a Colorado women was unsatisfied by the services provided by World Law Debt and filed a complaint with the state asking for three times her money back for the debt settlement company as she is allegedly entitle to under Colorado law. CBS 4 out of Denver put out the following information. “She ... Read More »

            Meracord, Noteworld, and Fidelity and Deposit Company Hit With Class Action

            Screen Shot 2013-12-10 at 11.51.15 AM

            While the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland. This time in Arizona. The complaint provides a very long description of the alleged actions and conspiracy between the debt settlement escrow company and the companies they elected to work ... Read More »

              Town & Country Acceptance Corporation Debt Management Mailer

              town and country acceptance back

              Town & Country Acceptance Corporation recently sent out the following postcard to residents in Ohio. Town & Country Acceptance Corporation describes themselves as a debt management company. – Source An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. This offer was able to be reviewed because a kind reader sent it in ... Read More »

                California Foreclosure Rescue Scammer Headed to Jail

                mans hands behind bars in jail or prison

                Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Melinda Haag, United States Attorney for the Northern District of California, today announced that on November 26, Walter Bruce Harrell, 72, of Montara, Calif., was sentenced to 10 months in federal prison and three years of supervised release for bankruptcy fraud and for providing false statements in ... Read More »

                  What is Free Credit Report Monitoring and How to Get It

                  Super Hero - Female

                  There is no shortage of issues that abound when it comes to credit reports. Between worrying if the correct information is being reported about you to what might be going on with your credit report behind your back, you have to remain ever vigilant. There many places where you can pay for credit report monitoring but I like to recommend ... Read More »

                    CFPB Gives Private Student Loan Debtors a Little Glimmer of Hope

                    cfpb

                    Today the Consumer Financial Protection Bureau (CFPB) announced they will begin supervising nonbank student loan servicers for the first time. While the new rule does not alter or modify any repayment plans consumers are thirsty for in order to manage their private student loans, supervision is a step in a positive direction. The new rule and supervision is really aimed ... Read More »

                      While I Don’t Always Agree With Dave Ramsey, He’s Right On This

                      angry woman

                      Dave Ramsey calls American’s stupid when it comes to student loans. Judging by the number of questions I get like he described, he’s on to something here. Read More »

                        Stop Gambling With Your Debt. Get Health Insurance.

                        risk

                        People who don’t like to gamble and think it is stupid, gamble every single day with the biggest debt they may ever owe. But then again people are not the most logical creatures. Some would no more consider wasting money on lottery tickets because the odds of winning are so low but they gamble by not having health insurance because ... Read More »

                          2013 Nationwide Debt Reduction Plan Mailer is for Debt and Student Loans

                          debt reduction mailer

                          As part of my I Buy Junk Mail program I received the following mailer that appears to be for an advanced fee debt settlement program called the 2013 Nationwide Debt Reduction Plan. The outside of the mailer looks like an official self mailer and has the familiar postal permit 1297 from Sacramento, California. The inside of the mailer appears to ... Read More »

                            Student Loan Assistance Center Marketing Mailer – I Buy Junk Mail

                            Student Loan Assistance Center

                            Susan sent in the following mailer to me from a generic sounding company, Student Loan Assistance Center. She also noticed the letter had the same Judy Pratt signature as other debt relief mailers have. The last one I covered was from the Debt Reduction Department. Click here. For those who may not know, I Buy Junk Mail so be sure ... Read More »

                              Canada Pushes Back on Debt Settlement With New Regulations

                              canada

                              In Ontario a bill passed recently which significantly impacts the delivery of debt settlement services there. First, I owe a big hat tip to a good friend up there in the great white north for alerting me to this. This new bill impacts both debt settlement companies and credit counselors. Bill 55, the Stronger Protection for Ontario Consumers Act 2013, ... Read More »

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