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Student Debt Solutions Scares the Hell Out of This Consumer


Yesterday I received a call from Matt, a friend, who said he just received a very disturbing call from someone who identified himself as Agent Raymond with the Department of Education. Matt said the call really rattled him and was frightening. Matt said Agent Raymond even gave Matt his badge number. I’ll let Matt tell you what his impression was ... Read More »

    DA’s Office Wants to Give Money Back to Debt Free Associates Clients

    Screen Shot 2014-10-27 at 10.54.48 PM

    I was contacted by the Monterey County DA’s Office in California who said they had recently settled a case with Debt Free Associates. As part of that settlement Debt Free Associates was to refund consumers but not a lot of people were coming forward to claim the funds owed them. Some felt it was a scam. The DA’s office asked ... Read More »

      Mortgage Relief Marketers Now a Half Million Dollars Lighter


      A federal district court in Southern California has ordered a judgment of nearly $515,000 against Mark Nagy Atalla, a defendant in a 2013 Federal Trade Commission action targeting deceptive mortgage and debt relief pitches. The court imposed the judgment after finding Atalla had hid assets and misrepresented his financial condition to the agency. The judgment originally was suspended in Atalla’s ... Read More »

        How Can Reven Media be Student Loan Experts?

        puzzled looking little boy looking to the left

        Update and Response from Reven Media I’d like to offer a hat tip and pat on the back to Reven Media for responding to the story below. It is truly uncommon for a company to be open, transparent, and offer a public comment. Reven Media Response to the Story Steve, We sincerely appreciate your concerns to consumers and welcome any ... Read More »

          Bicoastal Funding Debt Consolidation Loan Offer Review


          An amazing reader Burgemj sent in a new debt relief mailer through my I Buy Junk Mail program. It appears to be yet another offer sent from a very common sender, Sacramento, California Postal Permit 1297. Consumers have received a number of debt reduction offers from that postal permit. The debt consolidation loan offer from Bicoastal Funding arrived in a ... Read More »

            Otto Berges and Consumer Protection Counsel Back in Court Again

            puzzled looking little boy looking to the left

            I previously published a story about an outfit out of Florida being challenged in court over allegations they were selling credit repair services. See this story. Well some of the same players are back in it again. This new suit names Berges Law Group, Otto Berges, Consumer Protection Counsel, Debt Be Gone, and Gregory Fishman. Well apparently a couple of ... Read More »

              Has Practical Debt Relief Gone Poof? Police Confirm Investigation.

              stressed man

              A tipster (send in your tips here) sent in the following statement: “Practical Debt Relief is gone. Around $250K was embezzled from the client accounts held by Global Client Solutions. The local police department are investigating which is Davie, Florida. Global Client Solution closed the accounts of all clients and sent them refunds and a letter explaining. If you call ... Read More »

                Is Consumer Credit Counseling Becoming Less Relevant?


                I could not help but notice the number of new financial initiatives that seem to just disregard Consumer Credit Counseling as we know it with groups like the National Foundation for Consumer Credit. Could it be true that out in the wider world the NFCC and its members have just lost their luster? Here is what prompted my question over ... Read More »

                  What Should I Do If My Student Loan Relief Company is Not Delivering Results?

                  AFSLR Cover

                  I recently asked the Association for Student Loan Relief (AFSLR) to submit a guest post that described what consumers should do when a student loan relief company, and even an AFSLR member, didn’t deliver as promised. Imagine my pleasant surprise when they stepped-up and accepted the challenge. A big hat tip goes out to Ward Welke and Robby Birnbaum for ... Read More »

                    Student Loans Will Kill Your Dreams of Home Ownership

                    Portrait scary monster clown

                    The vast majority of consumers in America make important financial decisions basically by-the-seat-of-their-pants. I know people mean well but it is commonly bad advice and accepted assumptions that cause a bright financial future to be scuppered. Let’s take the issue of student loans for example. Loads of people blindly regurgitate “student loans are good debt” so much so they believe ... Read More »

                      Legal Helpers Goes Out With a Whimper and Likely Bankruptcy.


                      The State of North Carolina has finally resolved their action against Legal Helpers Debt Resolution. It marks a depressing end to an attorney loophole case that in the day was the business model of the attorney debt settlement company. It is interesting that when LHDR was fresh out of the box, people were aggressively defending their business plan and attorney ... Read More »

                        Care One and Bernie Dancel Say What!

                        stressed man

                        As part of my junk mail program a reader sent in a recent copy of a letter they say they received from CareOne that has a very fit picture of founder Bernie Dancel on it. There is only one big problem, the domain name listed on the bottom of the letter,, isn’t actually owned by CareOne anymore and it ... Read More »

                          DOD Purposes Lending Rule Change to Protect Military Families From Abusive Interest Rates


                          The Department of Defense is proposing changes to the Military Lending Act (MLA) to extend financial protections for military members and in turn, their families. The MLA limits the amount of interest that a creditor may charge on “consumer credit” to a maximum annual Military Annual Percentage Rate (MAPR) of 36 percent. Not that it’s a fabulous rate. It appears ... Read More »

                            Details on Florida Bar Complaint Against Howard Feinmel

                            Problem Solving Series

                            The Florida Bar has sent me a copy of the complaint they recently filed against Florida attorney Howard Feinmel. I reported yesterday about the case. But today there are more facts available after reading the filed complaint. Right off the bat I found it intriguing the Florida Bar makes the statement, “Respondent has represented various persons and entities, including but ... Read More »

                              The Importance of the Asterisk in Credit Offers Using a MiLEND Example

                              MiLEND Offer mailed to consumer.

                              A reader sent in a mailer about an offer from MiLEND for a new mortgage. MiLEND appears to be all licensed and registered so for once that’s not the issue. The offer appears to be legit and for a new mortgage and cash back “to use any way you like for just an additional $101.18 per month.” But this is ... Read More »

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