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FTC Catches Debt Brokers Exposing Themselves

ftc

At the request of the Federal Trade Commission, a federal court has ordered two debt sellers that posted the sensitive personal information of more than 70,000 consumers online to notify the consumers and explain how they can protect themselves against identity theft and other fraud in light of the disclosures. In two separate cases, the FTC alleges the debt sellers ... Read More »

    Do American Premier Servicing Clients Have Something to Worry About?

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    A few days ago I received an email from a tipster (send in your tips here). The email is alleged to be a copy of communications between Global Client Solutions and some debt relief servicing group called American Premier Servicing. The website for American Premier Servicing says “American Premier Servicing / Everest Debt Solutions / FDN Solutions” There isn’t much ... Read More »

      BeginToSave Sends Out Advanced Fee Debt Relief Mailer

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      An amazing reader, Rhodesey, sent in a new debt relief mailer through my I Buy Junk Mail program. It certainly looks like this a rehash of the old debt settlement mailers we used to see. The fine print at the bottom says “Begintosave is a national advertising center contracted by both local law firms and non-profit debt resolution companies.” Outside ... Read More »

        Mortgage Scams Take Minutes to Nab Consumer But Years to Unwind

        Salesman

        I received an update on a case where a receiver had been appointed to liquidate a scam mortgage relief group and provide restitution to consumers. This goes all the way back to a 2011 action by the California Attorney General against companies selling “Mass Joinder” mortgage elimination. The pitch seemed like an instantly addictive drug to suffering consumers. They were ... Read More »

          Complete Financial Solutions Mailer Goes to the Dogs

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          An amazing reader sent in one of the more unusual debt relief mailers I’ve ever seen through my I Buy Junk Mail program. Gary Jones from JW Financial Insights has apparently sent out a very odd mailer to people to promote something. The envelope appears to be very generic with a note attached. Inside the envelope the reader received what ... Read More »

            Is This the Same Tim Daniels That Settled With the FTC?

            Google Map street view of 9145 Narcoossee Road,  Orlando, Florida 32827

            A reader sent in an email and said a Tim Daniels was running Student Help Network at IBRPlan.com. So the first thought to come to mind was, “Who the hell is Tim Daniels?” Figuring the reader sent me the email I thought it must be about someone I’ve written about before. Otherwise, the email really made no sense, at all. ... Read More »

              Benjamin Moskel: Why Do People Think You Are a Fat Ass Gambler?

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              Over the years I’ve seen a hell of a lot of strange links to this site. The most bizarre was some porn site that linked to me as the best get out of debt site. Ah, thanks? I don’t know why people link. But some recent links have to be some of the strangest links I’ve seen. Apparently someone is ... Read More »

                Student Debt Solutions Scares the Hell Out of This Consumer

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                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

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                  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

                    ftc

                    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?

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                      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

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                        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

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                          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.

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                            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?

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                              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 »

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