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FTC Proposes New Rules to Protect Consumers From Being Scammed

ftc

The Federal Trade Commission is proposing new rules to help protect consumers and is opening a public comment period in which anyone can offer feedback and the ability to comment on the proposed rules. The proposed changes in the Telemarketing Sales Rule, or TSR as many call it, is partially created because of some recent scams that have involved how ... Read More »

    Debt Settlement Company Sends Mailer Warning Consumers of Scheme

    Screen Shot 2013-07-06 at 1.43.07 PM

    As if the 2013 version if the debt relief industry was not weird enough at times, this completely unexpected mailer was sent in and was allegedly sent by one debt settlement company who has appeared on the site to use this site as a weapon to prevent customers from leaving them and going elsewhere. I don’t want to name the ... Read More »

      Big Case Proving Ability to Discharge Student Loans in Bankruptcy

      College Tuition Expenses

      Times are changing when it comes to being able to discharge student loans in bankruptcy. And while the road has been paved by a few who have been successful, one 2013 case decided by the U.S. Appeals Court in the Ninth Circuit seems like it gives hope to those who want to discharge their student loans through bankruptcy. The Ninth ... Read More »

        US Debt Relief Center Mailer Seems Over the Line

        Screen Shot 2013-07-06 at 12.18.27 PM

        I thought the day of the fake looking official mailer from Washington, DC were over. I was wrong. An entity called US Debt Relief Center is sending out mailers offering debt settlement services. An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Front This mailer and several others I’ve posted recently are ... Read More »

          World Law Debt, Meet Oregon

          Panic attack

          World Law Debt might want to read the tea leaves facing them from recent actions by North Carolina and now Oregon. Read past article on World Law Debt On July 1, 2013 the Oregon Department of Justice and Department of Consumer and Business Services sued Swift Rock Financial, Wold Law Debt, World law Direct, World Law Group, World law Plan, ... Read More »

            A Look at American Credit Shield and What They Are Offering

            past due

            A debt relief industry insider and tipster (send in your tips here) forwarded me a copy of an agreement they received from a consumer from a new company called American Credit Shield. The tipster (send in your tips here) said the consumer was being charged a fee of several thousand dollars to participate, a monthly fee and another fee that ... Read More »

              New Bank Guidance Can Be a Debt Collection Game Changer

              The Office of the Comptroller of Currency has issued guidance to banks it supervises that will be used to supervise the bad debt and debt collection practices of banks. The new guidance is not a rule yet but it is the OCC document on what is “best practices.” The focus of the rule is bad debt that is sold and ... Read More »

                Here It Comes. CFPB Supervision of Debt Relief Industry and Credit Counseling.

                Screen Shot 2013-07-02 at 5.18.20 PM

                The CFPB has released their final rule covering nonbank providers and the rule appears to sweep up all of the debt relief world. The rule will become effective 30 days after publication in the Federal Register. It is my understanding this will be published on July 3, 2013. The CFPB rule making document makes it clear companies who believe they ... Read More »

                  Debt Relief Legal Front Victimized Thousands Says FTC

                  This appears to be a variation of a mailer many have received.

                  The Federal Trade Commission just released the seal on actions it took to shut down a debt relief company that has appeared on this site before. – Source In an announcement made today, the FTC filed a complaint under seal against A to Z Marketing, Apex Members, Apex Solutions, Backend, Expert Processing Center, Smart Funding, William D. Goodrich Attorney, WDG ... Read More »

                    Legal Solutions Debt Sends Out D-42 Mailer Claiming Non-Profit Status and Mortgage Modification

                    WLD v LDS

                    A reader reached out to me and wanted to know more about a mailer they received that claimed to offer a mortgage modification. Additional details were even more surprising. An amazing reader Sassyfrass send in a new debt relief mailer through my I Buy Junk Mail program. The mailer is below. Outside As you can see the outside of the ... Read More »

                      How Apps and Smartphones Can Save You Money 

                      Smartphone with cloud of application icons

                      Apart from its basic functions, mobile devices have opened new windows of possibility when it comes to managing our finances. These powerful tools when used smartly can save you money and get you out of debt. In this post, we are going to talk about money-saving apps and ways to cut down your mobile expenses  Finding the Right Smartphone Saves ... Read More »

                        American Debt Mediators Sends New Offer to Consumers

                        Screen Shot 2013-06-30 at 10.56.16 AM

                        Not that long ago I reviewed an offer sent to a consumer from American Debt Mediators. You can see that offer here and the points I felt were misleading in the offer mailed and their website. But an amazing reader just sent in a new debt relief mailer through my I Buy Junk Mail program. The Envelope Sent from Santa ... Read More »

                          How Bad Guys Use Google as a Weapon to Silence Journalists and Investigative Reporters and How You Can Fight Back

                          But the difference is reporting is based on verifiable facts and truthful. The attacks that target journalists, like myself, are based on lies.

                          This article is going to revel a lot of secrets that bad guys use to silence investigative reporters like myself. But these tricks are already being used now by some and unless we can talk openly about these issues they will only get worse and more reporters and bloggers will find themselves silenced by bad people who don’t like what ... Read More »

                            The National Distressed Asset Relief Program Mailer. LOL. OMG.

                            darp

                            Just in, a mailer sent out to consumers for The National Distressed Asset Relief Program with it’s live not a reach check attachment. An amazing reader pplschmp send in a new debt relief mailer through my I Buy Junk Mail program. The Guts Sometimes these mailers make me laugh out loud. They are so ridiculous. But this one had me ... Read More »

                              FTC Goes After More in Alleged Credit Card Interest Rate Reduction Scam

                              robbery

                              The Federal Trade Commission continued its crackdown on credit card rate reduction scams by adding eight new defendants to a case the agency brought last year, including a payment processor it alleges assisted in the fraud. The FTC filed an amended complaint against the defendants behind the firm Treasure Your Success (TYS), which allegedly made deceptive “cardholder services” robocalls, promising ... Read More »

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