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Why Most Debt Settlement Companies and Credit Counselors are Bad Medicine

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A couple of years ago I wrote an article asking, pleading really, for any debt settlement company (DSC) to explain to me how they could ever possibly “do whatever is in the best interests of the consumer” when they are unable to give any legal advice in what are inherently legal matters. For example, as a matter of law they ... Read More »

    Lloyd Ward Loses Law License in Litigation. Only for Two Months.

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    Writing anything about Lloyd Ward is a touchy subject. On one hand he was a prominent debt settlement attorney and on the other hand he sued my wife and I. In my personal situation the case was dismissed. In all, I really don’t hold a grudge or even “hate” the guy. As far as I’m concerned he’s just relevant news ... Read More »

      Russell Dalbey Dashed Doing Deceptive Dialing

      ftc

      It never ever ends. It seems consumers have always been and will always be the target to scams and bogus efforts to separate them from their money. The Federal Trade Commission has just announced that Russell and Catherine Dalbey – who allegedly defrauded consumers with promises of making big bucks by brokering seller-financed promissory notes – have settled with the ... Read More »

        Real Housewife of New Jersey Star Posts Bail, Surrenders Passport, Oh My

        wtf

        Teresa Giudice, one of the stars from Real Housewives of New Jersy is back in the news again and in legal trouble. In 2009 Giudice and her husband “Joe” Giudice filed an unsuccessful bankruptcy. There were a lot of allegations of impropriety due to her bankruptcy filing and she never received the discharge of her debt. You can read the ... Read More »

          American Debt Mediators Never Seems to Tire Sending Mailers

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          Another version of a debt relief mailer from American Debt Mediators just hit my desk. This one was sent from postal permit 507 in Santa Ana, California and pushes the Spring 2013 catalog. An amazing reader sent in this new debt relief mailer through my I Buy Junk Mail program. The front says ADM, 15950 North Dallas Parkway, Suite 400, ... Read More »

            Alleged World Law Debt Marketing Insider Leaks Warning to Consumers

            Modern business concept

            The following post was written and contributed by someone familiar with the operation you will read about below. It is third-party supplied content. At the bottom of the story is a section with the results of the facts I was able to independently check. By Anonymous On May 23, 2013 GetOutofDebt.org first reported a story titled “World Law Debt, Global ... Read More »

              Debt Relief Bureau Logo But Not the Debt Relief Bureau in This Mailer

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              When if the Debt Relief Bureau, not the Debt Relief Bureau? When you get a flyer in the mail from an anonymous source promising you help to get out of debt. An amazing reader Tish sent in a new debt relief mailer through my I Buy Junk Mail program. Well here is another anonymous mailer sent to a consumer that ... Read More »

                More Nailed by FTC in Bogus Gift Card Text Scheme

                ftc

                Last year there was a sudden flurry of text messages being sent that directed consumers to visit special sites to claim gift cards. Here are some example of stories I wrote about this here and here. Today the Federal Trade Commission has announced it has moved to shut down an international network of scammers that sent millions of unwanted text ... Read More »

                  Misleading Extended Auto Warranty Mailers to Watch Out For

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                  I’ve had a sudden increase in extended auto warranty mailers hit my desk recently. I’m not sure if this means there is an increase in selling these often worthless policies to unsuspecting consumers or more people are sending them in. If you don’t know about my I Buy Junk Mail program, you need to. Florida License Number W076246 I have ... Read More »

                    Wells Fargo Halts Selling Bad Credit Card Debt For Now

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                    It looks like other banks are taking the government warnings to clean up their act when it comes to how they handle dealing with their bad debt from credit card accounts that they used to sell off without much care. The American Banker is reporting: “Wells Fargo (WFC) has halted sales of its customers’ unpaid consumer loans to outside debt ... Read More »

                      Being Sued for a Federal Student Loan? Don’t Panic. Read This!

                      total student loan suits

                      A friend asked me recently what really happens to people who are being sued over a defaulted federal student loan that was referred to the Department of Justice by the Department of Education. So I had to do what I typically do with these types of questions and spent hours and hours pouring over lawsuits by the United States of ... Read More »

                        Two Florida Aholes Screw Consumers and Univision and Wind Up Strip Searched

                        angry caller narrow

                        While a bit off topic for me I could not help but share this story just out of the Department of Justice. Basically it’s a financial scam using an offshore call center but Daniel Carrasco, 54, and Federico Martin Gioja, 45, of Miramar, Florida had quite a pair of Cojones. A grand jury in the Southern District of Florida issued ... Read More »

                          Beanie Baby Budget Buster Begets Bankruptcy

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                          We’ve all known someone who became an uber collector and went over the edge. Soon, before the well intentioned person knew it the collection turned from a wise investment to a financial pit and an then a painful obsession. I have to admit I had my own select tiny obsession when my daughter was young and I bought cases of ... Read More »

                            The Explosion of Student Loan Debt in Pretty Pictures. OMG!

                            3 bikini models on rocky beach

                            For those dealing with paying for education using student loans here are a couple of excellent charts put together by a Raleigh neighbor and brainiac Doug Short. As you can see, the explosion or pole vault of college cost and the rocket like trajectory of federal loans to students don’t paint a rosy picture for the affordability of a higher ... Read More »

                              People Unload Wallets on Health Insurance, Education, and Kids

                              rise in expenses

                              Data on millions of American’s shows spending and expenses are up in a number of categories. You probably don’t need me to point that out for your own budget. The data shows spending is up significantly for health care, education costs, and expenses for our dear (sweet?) children. Read More »

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