Articles revolving around debt related issues. These are geared towards advice for consumers and general debt news.
Recently I answered a reader inquiry from a former Morgan Drexen reader who said their debt settlement account had been taken over by Howard Law. See Is Howard Law Really Involved With Former Morgan Drexen Clients?. Well further information has surfaced from public court documents that make me wonder even more what is going on. …
Just a few hours ago I posted Colonial Law Group and My Enrollment Center Sent a Paralegal to Meet With Me and asked if anyone had any documents, please forward them. Well I now hold in my hand a consumer agreement for Colonial Law Group that appears to answer some questions. The only one that …
The Consumer Financial Protection Bureau (CFPB) today announced the filing of a lawsuit in federal district court against the NDG Enterprise, a complex web of commonly controlled companies, for collecting money consumers did not owe. The CFPB alleges that the defendants illegally collected loan amounts and fees that were void or that consumers had no …
Scammers Will Be Banned From Credit Repair Services Industry, Subject to a $2.4 Million Judgment The operators of a bogus credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to supposedly improve their credit will be banned from offering credit repair services and subject to a monetary judgment under settlements …
The United States Court of Appeals for the Seventh District just ruled that a student loan debtor could not discharge his loans in his consumer bankruptcy case. Lately I’ve been writing about bankruptcy cases where consumers have been able to discharge substantial amounts of student loan debt. You can see the articles here. Before I …
Morgan Drexen was a big debt settlement company who lost big this year to the Consumer Financial Protection Bureau (CFPB). The loss led to the shutdown of Morgan Drexen and their bankruptcy filing is leading to a liquidation of the company with a hopeful distribution of some available money to consumers. But a couple of …
Question: Dear Steve, Back in 2010 my mother submitted for Parent PLUS loans for my sister and I. Half the amount for my sisters education, half for mine. Right now we are in the repayment process. Both my sister and I did not finish our education and stopped when we realized the amount of the …
Yesterday the Consumer Financial Protection Bureau (CFPB) took action against Residential Credit Solutions, Inc. for blocking consumers’ attempts to save their homes from foreclosure. The mortgage servicer failed to honor modifications for loans transferred from other servicers, treated consumers as if they were in default when they weren’t, sent consumers escrow statements falsely claiming they …
In yet another Telephone Consumer Protection Act (TCPA) lawsuit, which seem to be coming fast and furious, Renaissance Debt Solutions is the unlucky named party. On July 29, 2015, Paul Sapan filed suit against Renaissance Debt Solutions over nine telephone calls “wherein they tried to pitch debt modification services.” In this case the consumer received …
A reader contacted me to share his story of dealing with his unmanageable student loans through bankruptcy. Just recently I’ve written two articles that showed how people have fought the battle against their student loan companies and the bankruptcy court agreed to eliminate their debt. Read this and this. The cases of consumers making there …