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New Car Prices and Payments Set Records

buying car

Experian Automotive announced that the average amount financed and the average monthly payment for a new vehicle continued to climb, breaking the previous records on file. According to its latest State of the Automotive Finance Market report, the average amount financed for a new vehicle in Q4 2015 was $29,551, up $1,170 from Q4 last year, and the average monthly ... Read More »

    Monopoly Ditching Fake Money for Fake Credit Cards

    Bob Sullivan just published a great piece on the elimination of paper money from the game Monopoly. But is that really the worst thing to happen? Sullivan says, “In other words, there is little evidence that Monopoly, the game, was doing a bang-up job of teaching kids how to handle money.” He’s right. I can’t imagine the number of hours ... Read More »

      Why REPAYE is Such a Horrible Student Loan Repayment Option

      Drowning swimmer

      The Department of Education recently launched the much awaited new federal student loan income based repayment option REPAYE (Revised Pay As You Earn). They should have named it WTF. While the program gives some consumers additional options, it is a complete miss for those wanting to get beneficial relief, especially if they are married or ever plan to get married. ... Read More »

        Schools That Deny Students Rights Should Not Receive Federal Funding

        Crime Or Corruption Cartoon Illustration

        The U.S. Department of Education should deny Title IV funding to for-profit and other schools that require students to sign away their legal rights and submit to binding arbitration in future disputes with their schools, Public Citizen said today in a petition (PDF). Forced arbitration clauses are detrimental to students and hamper efforts by government watchdogs to uncover wrongdoing at ... Read More »

          FTC Brings Action Against Debt Relief Operation that Targeted Financially Distressed Homeowners and Student Loan Borrowers

          ftc

          The Federal Trade Commission has charged a debt relief operation with falsely representing to financially distressed homeowners and student loan borrowers that it would help get their mortgages and student loans modified. At the FTC’s request, a federal court has temporarily halted the operation. The agency seeks to permanently stop the alleged illegal practices and obtain refunds for affected consumers. ... Read More »

            The Graying of American Debt

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            The U.S. population is aging and so are its debts. In this post, we use the New York Fed Consumer Credit Panel, which is based on Equifax credit data, to look at how debt is changing as baby boomers reach retirement age and millennials find their footing. We find that aggregate debt balances held by younger borrowers have declined modestly ... Read More »

              CFPB Orders Citibank to Provide Relief to Consumers for Illegal Debt Sales and Collection Practices

              201509_cfpb_credit-card-chips-blog

              WASHINGTON, D.C. – The Consumer Financial Protection Bureau yesterday took two separate actions against Citibank for illegal debt sales and debt collection practices. In the first action, the CFPB ordered Citibank to provide nearly $5 million in consumer relief and pay a $3 million penalty for selling credit card debt with inflated interest rates and for failing to forward consumer ... Read More »

                Seila Law – Williamson & Howard – Debt Settlement Strangers?

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                The court battles drag on in the ex-Morgan Drexen case that subsequently involved successor law firms and attorneys. Specifically, Vincent Howard, Howard Law, Lawrence Williamson, Williamson & Howard, and the Williamson Law Firm are still battling the Consumer Financial Protection Bureau (CFPB). The CFPB thinks these people should be held in contempt and pay monetary sanctions for some ongoing issues. ... Read More »

                  Kayne West “Wake Up” Says Bankruptcy Attorney

                  Kanye_West

                  By Chad Van Horn Open Letter to Kanye Mr. West, I am very saddened to learn that you are $53 million dollars in personal debt, but I believe I can help you get back on firm financial footing once again. I am an established lawyer in Fort Lauderdale, FL who helps people who for whatever reason find themselves financially overextended. ... Read More »

                    Using This Information Man Discharges $130K in Federal Student Loans in Bankruptcy

                    an Young happy woman at the computer

                    I’ve been going on-and-on about a July 7th, 2015 statement put out by the U.S. Department of Education that talked about how the government has made allowances to approve the discharge of federal student loan debt through bankruptcy, in some situations; namely, under the “Undue Hardship” clause of the Federal Bankruptcy Code, under the exception rule commonly known as 11 ... Read More »

                      Andris Pukke / Marc Romeo Mystery Solved But Another Continues

                      Pukke at observation twr Sanctuary

                      Way back in 2013 I wrote an article Sanctuary Belize, Andris Pukke, Todd Cook, Peter Baker & Ameridebt in which an allegation was made that Andris Pukke was presenting himself to the public as Marc Romeo. Well I think we can say this mystery is officially solved. That is if we are to believe the testimony of Andris Pukke from ... Read More »

                        Starbucks App Users Still at Risk of Having Account Hacked

                        Hand holding magic wand with sparks attracting money from top hat. Success wealth trick lie deception fraud cheating magic fast money concept. EPS 10 vector illustration no transparency

                        My friend Bob Sullivan is warning consumers today to keep a close eye on their Startbucks app if they are using it. “…but I’d like to reiterate my warning to the 13 million or so Starbucks app users: It’s *still* not safe to link a credit or debit card to your Starbucks account; if I were you, I’d delete my ... Read More »

                          Different Options for Debt Relief – Finding the Right Solution

                          Check This Out_pri

                          Imagine you were sick. Really sick. Sick enough to go to a doctor or even a hospital. Perhaps you even looked up your symptoms on the Internet, visited WebMD, did a ton of internet research and were convinced that you needed a professional to help you get better – or things could get much, much worse. You have a big ... Read More »

                            It’s About the Income, Stupid

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                            Bob Sullivan just published a really good article talking about the income inequality facing people today. He challenges all political candidates to take a closer look at why America is struggling to get ahead. Here is an excerpt. You can read the full article online, click here. “Let me give you a head start. For decades, economists have extolled the ... Read More »

                              Community Debt Relief Mailer Gets Them in Trouble

                              Debt Relif Offer

                              An amazing reader faxed in a new debt relief mailer through my I Buy Junk Mail program. Thank you so much K for sending in this mailer from Community Debt Relief in Grand Rapids, Michigan. What struck me immediately is the BBB logo at the top of the letter. It looks like I’m not the only one who spotted that ... Read More »

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