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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 »

          Two More Settle with FTC over I Works

          ftc

          Two key players in the I Works scheme that allegedly took more than $275 million from consumers via deceptive “trial” memberships for bogus government-grant and money-making schemes have agreed to settle Federal Trade Commission charges that they violated federal law. Bryce Payne and Kevin Pilon, along with Jeremy Johnson and seven others, were named in a complaint the FTC filed ... Read More »

            Fidelity Land Trust, Ed Cherry Issue Getting More Bizarre

            oops

            Today a tipster (send in your tips here) sent in the following documents in the case of the State of Florida against Ed Cherry and the Fidelity Land Trust “debacle.” – Source Apparently Cherry’s attorney is trying to back the hell out representation and Cherry is having none of that. According to Cherry’s filed objection he claims attorney Peter Snyder ... Read More »

              CFPB Takes Student Loan Problems Seriously

              Student Loan Corkboard Concept

              Rohit Chopra is not only the Assistant Director for the Consumer Financial Protection Bureau but also the Student Loan Ombudsman there. As an example of how slow government can work at times is the slow pace of solutions for people facing private student loan debt. Currently options are limited and without any long term payment reduction solutions like those available ... Read More »

                Final Defendants Banned from Debt Relief Services in Bogus “Rachel Robocall” Scam

                banned

                The final six of 10 defendants named in an alleged “Rachel from Cardholder Services” scam have agreed to settle Federal Trade Commission charges that they misled consumers with bogus claims that they would lower their credit card interest rates. The FTC settlement bans Emory L. “Jack” Holley IV, Lisa Miller, and the remaining corporate defendants from telemarketing and marketing debt ... Read More »

                  CRL Report Results in Silence From the Debt Relief Industry

                  Lowering Coffin

                  The other day I published the debt settlement recommendation report from The Center for Responsible Lending (CRL), click here. As vocal as critics have been in attacking this site and myself for being outspoken about consumer unfriendly debt relief practices I felt certain people would have comments to offer about the CRL recommendations. But silence, except for one commenter. Some ... Read More »

                    Financial Bullying a Problem

                    bully

                    Couples argue over finances, but how many Americans feel their mate bullies them over their debt and spending habits? Credit Karma, a personal finance website with more than 20 million members, commissioned Harris Interactive to find out. The online survey, conducted in June 2013, revealed that committed American adults are generally on good financial terms with their spouse or partner. ... Read More »

                      Text Spammers Banned by FTC

                      banned

                      A group of affiliate marketers has agreed to settle Federal Trade Commission charges that they blasted consumers with more than 30 million deceptive spam text messages and directed recipients of the spam text messages to deceptive websites. Cresta Pillsbury, Jan-Paul Diaz, Joshua Brewer and Daniel Stanitski, and their company Ecommerce Merchants, LLC, which did business as Superior Affiliate Management, were ... Read More »

                        Business Recovery Services Banned by Scam

                        banned

                        An operation that allegedly bilked consumers by falsely claiming it could help them recover money they lost in previous scams will be banned from selling recovery services under a default judgment against Business Recovery Services LLC and a consent judgment against its owner, Brian Hessler. The judgments permanently ban the defendants from selling any services that are represented to recover ... Read More »

                          CRL Comes Out With Debt Settlement Warning. Is it Fair?

                          Big Scam Dog

                          The Center for Responsible Lending just released a paper on debt settlement. Take a look at the information they published and add your comment below if you think their research is on the mark or way off base. It appears CRL relied upon data published by the American Fair Credit Council in making their determinations on effectiveness. CRL even thanks ... Read More »

                            Debt Collection Complaints Latest Data

                            angry caller narrow

                            A big hat tip to the folks at Collections & Credit Risk for posting a breakdown of the CFPB October data on debt collection complaints. According to the October data the debt collection complaints fell out like this: 485 (40.9%) continued attempts to collect debt not owed 244 (20.6%) communication tactics 233 (19.6%) disclosure verification of debt 82 (6.9%) false ... Read More »

                              FTC Cracks Down on Yellow Page Scam

                              Screen Shot 2013-11-18 at 11.35.13 AM

                              At the Federal Trade Commission’s request, a federal judge has temporarily halted, and frozen the assets of, a Montreal operation that bilked more than $14 million from small businesses and churches in the United States for unwanted listings in online business directories. The FTC seeks to permanently stop the illegal practices and make the defendants return victims’ money – the ... Read More »

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