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Computer Warning Seeking Money Is Scam


A computer virus that locks up personal computers, and then issues a demand for money from the Department of Justice and the U.S. Courts, is a scam and has no link to the courts or other federal agencies. The virus locks up computers and warns users that they face criminal prosecution unless they pay a fee. Victims should contact the ... Read More »

    Debt Collection Form Letters to Stop Debt Collectors in 5 Different Situations


    The Consumer Financial Protection Bureau has published five letters consumers can use in certain circumstances to deal with abusive debt collection practices. It is important for consumers to be aware that while these form letters may be helpful, the letters are best used in the right situation and to accomplish a specific task. For example, asking a collector or creditor ... Read More »

      Perpetuating Poverty: Exploitative Businesses, the Urban Poor, and the Failure of Liberal Reform

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      Here is a new paper out that may be of interest to all who want to know more about rent-to-own, payday lending and the title loan business. David Papke from the Marquette University Law School is to be commended for this paper. “This article scrutinizes the rent-to-own, payday lending, and title pawn businesses – all of which target and exploit ... Read More »

        Federal Reserve Data Out Yesterday Still Shows Student Loan Concerns


        Yesterday the Federal Reserve released the latest data on consumer borrowing. It’s been interesting watching all the media reports about what it means. Some say the big percentage rise in revolving debt is an indication about consumer confidence, and it might be. But it’s not unusual to see a summer spike in charging as vacations ensue. What is more concerning ... Read More »

          FTC Versus NCO Debt Collector. FTC Wins $3.2 Million Penalty.

          punched-in-face different

          The world’s largest debt collection operation, Expert Global Solutions and its subsidiaries, has agreed to stop harassing consumers with allegedly illegal debt collection calls and to pay a $3.2 million civil penalty – the largest ever obtained by the Federal Trade Commission against a third-party debt collector. In its complaint, [which you can read here] the FTC charged that the ... Read More »

            Debt Defense Services is Back and Making Some Disturbing Claims


            Recently a debt relief insider and tipster (send in your tips here) sent me documents that were being circulated by Debt Defense Services. I’ve written about them before, see this. This time they are trying to recruit people by telling them how debt settlement companies switch to selling their debt relief services once they hear about what they have to ... Read More »

              Another Example of Student Loans Discharged in Bankruptcy


              I’ve been writing more about bankruptcy cases that have resulted in student loan discharges, see here. And in doing some more research I came across another case from 2012. In the Northern District of Georgia a consumer was able to get the following loans discharged: Oakland Community College – $754.80 Texas Guarantee Student Loan – $48,135 U.S. Department of Education ... Read More »

                Florida Man Discharges Federal Student Loans in Bankruptcy

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                Attorney Marilyn Hochman recently scored a victory in discharging federal student loans in a bankruptcy case. The consumer was able to discharge $8,223.49 in federal student loans without opposition by the Department of Education. Foster, the consumer, was unemployed and had previously filed for Social Security disability but was denied due to “not enough information.” Marilyn Hochman filed an adversary ... Read More »

                  FTC Proposes New Rules to Protect Consumers From Being Scammed


                  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

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                    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

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                        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 »

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