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Beware of These Business Credit Traps

business and office, stress, problem, crisis concept - stressed buisnessman or teacher having headache

An entrepreneur had spent $80,000 buying a corporation that he was assured came with access to $250,000 in credit lines. He got the corporation, all right, but the promised credit lines never materialized, and he had to start from scratch. Oops. That story was shared with my friend Gerri Detweiler by small business attorney Garrett Sutton, one of a handful ... Read More »

    “Looks Like Fraud?” – Texas Assistance Group

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    A reader sent in a mailer they had received from Texas Assistance Group and said, “Looks like fraud?” I don’t know if it exactly looks like fraud, because in my opinion it looks more like bullshit. Here are some red flags for me. But each person should feel free to do their own examination and reach their own conclusion. The ... Read More »

      Frederick J. Hanna & Associates Stopped by CFPB for Collection BS

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      Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed consent order in federal court that would resolve a lawsuit against Frederick J. Hanna & Associates, a Georgia-based law firm, and its three principal partners, for operating an illegal debt collection lawsuit mill. The CFPB lawsuit had alleged that the defendants rely on deceptive court filings and faulty evidence to ... Read More »

        Another Consumer Wins in Bankruptcy Court and Discharges Student Loans

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        An attorney reader sent me a case about another consumer who successfully had their federal student loans discharged in bankruptcy. This is a rapidly evolving topic and certainly not ever court district offer up the same considerations when it comes to a discharge. But there are still a number of people who say discharging your student loans in bankruptcy is ... Read More »

          Bankruptcy Court Tells Dept of Ed to Go Shove IBR as Unrealalistic

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          On Jun 24, 2015, Michael Abney became a student loan hero when he filed his own adversary proceeding with the United States Bankruptcy Court of the Western District of Missouri. When I say he became a hero it’s because his case is just another step forward in providing some semblance of hope and logic for people impossibly buried under a ... Read More »

            What You Need to Know About Collectors Chasing You in The UK for UAE Debt

            Decision time

            When you move outside of your native country you are said to be an expatriate of the country you are moving from. Many UK citizens move to various places around the world, some for work, some just to escape our weather. And one of the places many Brits move off to is the UAE. And we are not alone, as ... Read More »

              Private Student Loan Lenders Silently Slash Debt But You Don’t Know It

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              Dealing with student loans can be a frightening process. Not only is student loan debt exploding but there is a significant amount of concern that many students were misled and lied to by schools willing to sell butts into seats with nearly almost any misrepresentation. This concern has been especially true at many for-profit schools funded by both federal and ... Read More »

                Familiar Names Banned from Selling Mortgage Help

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                Some familiar names just struck a deal with the Federal Trade Commission. Four mortgage modification scammers, Brian Pacios, Chad Caldaronello, Justin Moreira and Derek Nelson will be banned from selling debt relief products and services under settlements resolving Federal Trade Commission charges that they deceived homeowners facing foreclosure. The settlements stem from a complaint the FTC filed against Pacios, Caldaronello, ... Read More »

                  Student Loan Consolidation & Payment Reduction Program Mailer

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                  An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. As you will see below, the reader received a mailer that I think could confuse some people. The mailer talks about a Student Loan Consolidation & Payment Reduction Program that they are eligible to use. I did enjoy the call to action that ... Read More »

                    Reader Sends in 321Loans Mailer From MarkSYS Which Raises Questions

                    321Loans Mailer Front

                    An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Recently I wrote about a company named 321Loans. A different reader had sent in a contract for me to review. If you read my article, here, you will see there were some questions raised that the company has not responded to. One of ... Read More »

                      321Financial and 321 Loans – Contract Review and Disapointing Radio Silence

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                      Information has been pouring in about companies in Florida and specifically about companies associated with Jeremy Marcus. People are using my tipster (send in your tips here) form to send information in. Recently I wrote about a company named Omni Management Partners and as part of that agreement was an agreement for the credit repair company, Breeze Financial Solutions. The ... Read More »

                        It Never Ends. Another Debt Settlement Mailer or Something Like That.

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                        An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. There is nothing super new in this mailer except I see the marketers are offering even more fantastic debt reduction claims of 70% settlements. Of course the problem with this, in this mailer, is there is no indication of who sent the mailer ... Read More »

                          Do Premier Student Loan Center Sales Closers Offering Independent Financial Advice?

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                          I just spotted a help wanted advertisement for Premier Student Loan Center that serves as a good example of who consumers may be talking to when they call in or get a call. This is yet another great look at the motivation of the person on the other end of the phone when people are looking for solid financial advice. ... Read More »

                            Consumer Credit Counseling Looking for Debt Management Sales Closers

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                            Let me be perfectly clear here, while this article is about a job posting from Trinity Debt Management, I’m not beating up on them. It’s just that their job posting is a good example to help consumers understand the reality of nonprofit debt help. And look, I totally understand the back office issues of needing to make ends meet and ... Read More »

                              Beacon Student Loan Services – Poof!

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                              A reader reached out to me about a company called Beacon Student Loan Services. They were curious what happened to them since after they hired them the company stopped communicating with them and the website is gone now and phone goes to voicemail. They say they’ve been unable to get in touch with their representative, Jay Wendell. Well here is ... Read More »

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