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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 »

                  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 »

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