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How to Get Out of Debt Without Getting Scammed and What to Do if You Have Been

How to Get Out of Debt Without Getting Scammed - Book 1 COVER

I just published my latest free ebook titled “How to Get Out of Debt Without Getting Scammed and What to Do if You Have Been.” Book Description It’s tough enough to have to face financial problems, but how do you make sure you can trust someone to help you? This book gives you clear instructions about what to look for ... Read More »

    Does Moran Drexen’s Preferred Creditor Program Create a Problem for Consumers?

    old man headache

    Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem may exist here. One commenter ... Read More »

      Debt Settlement Providers Pocketed Money, Got Prison

      mans hands behind bars in jail or prison

      Houstonian Nathaniel Chilo, aka Nathaniel O’Neil, 23, now convicted in two separate debt relief scams, has been sentenced to prison again, United States Attorney Kenneth Magidson announced today. Chilo entered a plea of guilty to wire fraud in relation to this case Thursday, Dec. 13, 2012. Today, U.S. District Judge Lee H. Rosenthal, who accepted the guilty plea, handed Chilo ... Read More »

        How Payday Lenders Fight to Stay Legal

        payday loan

        by Paul Kiel ProPublica, Aug. 2, 2013, 9 a.m. A version of this story was co-published with the St. Louis Post-Dispatch. As the Rev. Susan McCann stood outside a public library in Springfield, Mo., last year, she did her best to persuade passers-by to sign an initiative to ban high-cost payday loans. But it was difficult to keep her composure, ... Read More »

          Poser Government Mailer Sells Debt Relief for LCG

          img_4252-private

          This self-mailer was sent in and it is clearly a deceptive piece in my eyes. The outside envelope clearly pretends to be a government mailer with the eagle and everything. It was sent from postal permit 507 in Santa Ana, California. An amazing reader FitGal sent in this new debt relief mailer through my I Buy Junk Mail program. The ... Read More »

            OneMain Financial Loan Offer Mailer

            img_4256-private

            Today I’m reviewing a loan offer mailer from OneMain Financial. This offer is for what appears to be a store front high interest rate lender. We shall see if that holds true as I go with this review. An amazing reader fitgal sent in a new debt relief mailer through my I Buy Junk Mail program. Top of First Page ... Read More »

              Morgan Drexen Rumble With CFPB – Update

              cfpb

              Previously covered the suit filed by the debt settlement company Morgan Drexen against the CFPB, here. Today I went to see what, if any, updates there were on the case. Here is the latest: “The Court held two on the record telephone conference calls with the parties on July 24, 2013 and July 25, 2013, during which Plaintiffs consented to ... Read More »

                RIP Nelson Gamble & Associates and Jackson Hunter Morris & Knight

                sad-woman

                So here is the predictable circle of life with some of the debt relief troubles I’ve written about. I write about a company. I get attacked that I don’t know what I’m talking about. The regulators take action. The company is toast. Sometimes the underlying people behind these efforts make a ton of money, stash some and settle with the ... Read More »

                  More Bullshit Debt Collectors Busted By Gov

                  ftc

                  Man I get so sick of asshole debt collectors who give professional debt collectors a bad name. Here we go again with another crop of Southern California fakers scaring consumers to extract money. But you want to know the truth about why scammers operate like these jerks, because it scares money out of people. It works. I just wish there ... Read More »

                    How Creditors Rate at Helping Consumers Settle Debt

                    IMG_6198

                    Michael Bovee, over on his Debt Relief and Credit Guides site has published a very good guide for people about how the major creditors are at providing settlements for problem debt. It’s a really good list and it ranks Chase, Bank of America, Wells Fargo, Discover Card, Citibank, Capital One, and American Express. For example, Bovee revels the best creditor ... Read More »

                      Why Most Debt Settlement Companies and Credit Counselors are Bad Medicine

                      the truth smaller

                      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.

                        Screen Shot 2013-07-31 at 2.01.46 PM

                        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

                              Screen Shot 2013-07-30 at 10.19.53 AM

                              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 »

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