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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

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                    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 »

                      FTC Settles Payment Processing Issues for Google Money Tree Scam

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                      The Federal Trade Commission is continuing its crackdown on payment processing operations that enable scam artists to charge consumer accounts despite signs of ongoing fraud and unauthorized transactions. Today, the Commission announced a proposed settlement resolving allegations that a payment processor, Process America Inc., and its owners, Kim Ricketts, Keith Phillips and Craig Rickard, used unfair tactics to open and ... Read More »

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

                        news2

                        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

                          welcome

                          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 »

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