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FTC, Three States Charge Scammers with Falsely Promising “Guaranteed” $25,000 Government Grants as Part of the Economic Stimulus Package

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07/23/2009 Court Halts Operators’ Deceptive Pitches for Grant Writing Book and Services At the request of the Federal Trade Commission and three state Attorneys General, a U.S. district court judge has stopped an operation from falsely claiming that it could help consumers secure a “$25,000 Grant” – guaranteed – from the U.S. government. The case is the latest in a ... Read More »

    Clear Financial Solutions, Financial Freedom of America, Financial Solutions Legal Center Cough Up Bucks to West Virignia

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    Attorney General McGraw Continues to Reign in the Debt Relief Industry. He announced settlements with three more companies, resulting in $214,000 in refunds for 226 West Virginia consumers. Alyson Rye of West Union was alarmed when a telemarketer from Clear Financial Solutions repeatedly badgered her to accept his offer to reduce the interest rates on her credit card debt. He ... Read More »

      At FTC’s Request, Court Stops Deceptive Telemarketing Calls Pitching Credit Card Interest Rate Reduction

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      05/20/2010 At the request of the Federal Trade Commission, a federal judge has put a stop to three companies’ allegedly deceptive telemarketing calls, including robocalls, that promised to reduce consumers’ credit card interest rates; frozen their assets; and appointed a receiver to take control of the business. According to the FTC’s complaint, over the past two years, the defendants made ... Read More »

        Sub-prime Lender Agrees to Pay $350,000 Civil Penalty to Settle Charges of Violating Federal Lending Laws

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        August 24, 2000 Action Loan Company, Inc., of Louisville, Kentucky, and its owner and president, Gus Goldsmith, have agreed to pay a $350,000 civil penalty and up to a total of $37,000 in consumer redress as part of a joint settlement with the Federal Trade Commission and the Department of Housing and Urban Development resolving allegations that they violated a ... Read More »

          ‘Operation Clean Sweep’: FTC and State Agencies Target 36 ‘Credit Repair’ Operations

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          ‘Operation Clean Sweep’: FTC and State Agencies Target 36 ‘Credit Repair’ Operations October 23, 2008 The Federal Trade Commission and 24 state agencies today announced a crackdown on 33 operations that deceptively claim they can remove negative information from consumers’ credit reports, even if that information is accurate and timely. In the seven FTC actions announced today the Commission seeks ... Read More »

            Nationwide Debt Collector Will Pay $2.25 Million to Settle FTC Charges

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            Nationwide Debt Collector Will Pay $2.25 Million to Settle FTC Charges November 21, 2008 Academy Collection Service, Inc. and its owner, Keith Dickstein, have agreed to pay $2.25 million to settle Federal Trade Commission charges that Academy and its collectors misled, threatened, and harassed consumers; disclosed their debts to third parties; and deposited postdated checks early, in violation of federal ... Read More »

              Credit Repair Operators Settle FTC Charges

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              July 6, 2000 “New Credit Identity” Promotions Halted Defendants targeted in a law enforcement crackdown on illegal credit repair services have agreed to settle federal charges that their “new credit identity” advice and products violated federal law. The cases were brought by the U.S. Department of Justice’s Office of Consumer Litigation at the Federal Trade Commission’s request. The settlements will ... Read More »

                FTC Challenges Cross-Border Telemarketing Scam Targeting Elderly Americans

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                July 22, 2004 The Federal Trade Commission has charged a group of Canadian telemarketers with operating a bogus “consumer protection service” that promises to protect consumers against telemarketing and unauthorized bank activity, then perpetrates that very fraud. According to the FTC, the defendants prey on elderly consumers’ financial insecurities by telemarketing a bogus service that promises to stop unwanted telemarketing ... Read More »

                  FTC Halts International Credit Card Scam

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                  FTC Halts International Credit Card Scam November 24, 2004 The Federal Trade Commission has charged a cross-border telemarketing enterprise with defrauding consumers out of millions of dollars by offering them a “guaranteed” low-interest credit card for an advance fee, then failing to come through on its promise. According to the FTC’s complaint, the defendants, operating boiler rooms in the United ... Read More »

                    FTC Halts Unauthorized Bank Charges in Bogus Pharmacy Card Scam

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                    May 27 , 2004 The Federal Trade Commission has filed suit in federal court to halt a scam that drained millions of dollars out of thousands of consumers’ checking accounts for “discount pharmacy cards” the consumers didn’t know about, didn’t order, and didn’t get. The FTC estimates that as many as 90,000 consumers were victims. At the request of the ... Read More »

                      Deceptive Mortgage Scam Halted

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                      March 20, 2003 The Federal Trade Commission has filed a complaint charging a mortgage spamming operation with violating federal laws by using an array of deceptions to con consumers into sharing their personal financial data. The company’s assets have been frozen, and the defendants have agreed to halt the alleged deceptive practices until the court issues a final ruling on ... Read More »

                        FTC and Illinois Attorney General Charge Illinois-based Companies with Fraudulent Telemarketing And Placing Unwanted Calls

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                        FTC and Illinois Attorney General Charge Illinois-based Companies with Fraudulent Telemarketing And Placing Unwanted Calls November 26, 2001 A federal court has temporarily ordered a halt to the allegedly fraudulent business practices of three companies and one individual that allegedly operated a massive scheme in Schaumburg, Illinois in which the defendants would charge consumers up to $219.95 for a credit ... Read More »

                          The American Consumers Nuclear Winter

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                          With so little time before the next presidential election it is a good time to take a quick look at some important issues that are impacting the wallets and purses of the American consumer. Under the Bush administration consumers were significantly harmed by unreasonable and unfair bankruptcy reforms that clearly helped big business, hurt consumers and only made bankruptcy more ... Read More »

                            Is Wayne Walton the New Leader for Tim McCallan?

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                            Something very interesting is developing in Florida and New York. The way it looks, Tim McCallan the president of InterMark Media, The Achieveable debt settlement company, Vortex Debt Group debt settlement company, MediaMogul, Consumer Debt Resources and Americorp. Well The Achievable got into a lot of trouble selling debt settlement services for Allegro Law but then it recreated itself as ... Read More »

                              The Financial Safety Net for People in Trouble. The Great American Lie.

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                              I suppose that it is the result of years of helping people in financial trouble and the ability to have seen way behind the curtain of how things work, but I’ve got to be honest, I’m not very proud of America when it comes to providing real solutions to help people deal with bad debt situations. Banks and lobbyists have ... Read More »

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