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Mass Joinder & Forensic Loan Audit Marketers Surrender Assets to FTC

ftc

A number of different companies we’ve written about before have finally met the end of the line in their efforts to sell consumers mass joinder lawsuits against mortgage companies and expensive forensic loan audits. The defendants behind an alleged mortgage relief scam have agreed to settle FTC charges that they deceived cash-strapped consumers into believing they could hold onto their ... Read More »

    Worth Unlimited Scam Comment Leads to Missing Complaints and this Review

    Performance transparency seems to be hidden or missing.

    Shane Sorensen came into the site and left the following comment on this question. He might have meant well but what is he really advising the reader to do? “Bob, check out this. This is helping me reach my goals and I’m getting out of debt in 1/2 the time and I didn’t change my income or my budget or ... Read More »

      Job Recruitment Scam – Money Mule Scam – Run Away

      warning

      A friend of mine received an email that promised him a job. He’s been looking for a new job. He was suspicious of the email and I offered to check it out. It’s a scam that appears to prey on people who have submitted their resumes to online job boards. The Email The following email was sent to my friend: ... Read More »

        Help Student Loan Default – Review. Are They a Scam?

        Audit Stamp Shows Financial Accounting Examination

        Company Name Help Student Loan Default / College Education Services Our Impression of What the Company Offers to Consumers I saw an advertisement that claimed people with defaulted student loans could end their default in less than two minutes. That seemed misleading or deceptive since it was not a logically factual statement. It made me want to learn more about ... Read More »

          Remember the Spam Text Warning? FTC Shuts Them Down.

          scam

          Previously I reported on spam text that were being sent to consumers, claiming that people had one a major gift card. However the fine print showed that “winners” would have to apply for products and services including financial services and debt relief. See these stories, Bxsy.biz Best Buy Giftcard Spam Text – Scam Alert, Avoid Free-BestBuy.com Spam Text Message, and ... Read More »

            Student Consulting Group / Fix My Student Loan – Review. Are They a Scam?

            SCG Home (20130307)

            Company Name Student Consulting Group Marketing Message “It would be great if I had some extra cash right now.” Who hasn’t said that more than once? I sure have. Whether it was to pay for a nice dinner, to go on a vacation, or to just buy something I wanted. It really hurts doubly when you say that and you ... Read More »

              GetDebtAid.com Student Loan Reduction Program – Review. Are They a Scam?

              Audit Stamp Shows Financial Accounting Examination

              Company Name GetDebtAid.com Our Impression of What the Company Offers to Consumers I spotted an advertisement for student.getdebtaid.com. The advertisement took me to a site that appears to be nothing but a lead generation site. The claim is that people may qualify for student loan debt relief but no programs are actually expiring. In my opinion the advertisement is misleading. ... Read More »

                Buy This Book – Deal With Your Debt by Liz Weston

                Screen Shot 2013-03-05 at 10.39.39 AM

                My dear friend Liz Weston has just published an update to her book “Deal With Your Debt: free yourself from what you owe.” On Amazon it is available for just $15 or so. Liz is a knowledgeable and talented journalist that covers the money, credit and debt world. I’ve know her for years and I’m proud to say that I ... Read More »

                  Student Loan Consolidation Assistance Slippery Slope of Compliance

                  Screen Shot 2013-03-04 at 3.30.07 PM

                  Recently the site has received a number of great comments about if student loan consolidation assistance services should be regulated or are already regulated under state laws.You can read all the article on this topic, here. When talking about compliance issues for student loan assistance programs the argument seems to come down to one of two statements. We Are Not ... Read More »

                    Student Loan Assistance Companies Need a Good Debt Relief Lawyer

                    White Collar Criminal

                    The more I talk to regulators around the country the more I’m hearing that student loan assistance companies that charge advance fees are operating illegally in a number of states. The issue is a bit murky at the moment but the argument is student loan assistance companies are charging advance fees and charging a fee for a service to assist ... Read More »

                      Nation Wide Consumer Debt Relief – Review. Are They a Scam?

                      Audit Stamp Shows Financial Accounting Examination

                      Company Name Nation Wide Consumer Debt Relief Our Impression of What the Company Offers to Consumers My initial reaction is their claim to be able to improve your credit score for an advance fee seems to run into trouble with the Fair Credit Organizations Act. For a company that’s been around since 2006, they don’t appear to have spent any ... Read More »

                        My College Loan Support / Default Student Loan Specialists – Review. Are They a Scam?

                        Audit Stamp Shows Financial Accounting Examination

                        Company Name My College Loan Support Default Student Loan Specialists Our Impression of What the Company Offers to Consumers Student loan consolidation services. However, the company can’t be verified, the management is a mystery, the local appears to not be a real address and the domain ownership is hidden. The company also did not send the client agreement for review ... Read More »

                          Student Loan Repair Center – Review. Are They a Scam?

                          Audit Stamp Shows Financial Accounting Examination

                          Company Name Student Loan Repair Center Our Impression of What the Company Offers to Consumers Promises to lower student loan payments or get student loans forgiven. Makes big claims on home page of results but does not give any support if those are typical results. Address Not available on contact us page. Only available in privacy policy. www.loanrepaircenter.com 1424 Hammocks ... Read More »

                            Veterans Target of Financial Scammers – Beware

                            Military

                            The Federal Trade Commission warns veterans and their families: Be wary of dishonest advisers offering “free” help with paperwork for pension claims. Unscrupulous lawyers, financial planners and insurance agents advise veterans over 65 to transfer their assets to a trust, or to invest in insurance products, so they can qualify for Aid and Attendance benefits. By following their advice, you ... Read More »

                              Student Loan Managers – Review. Are They a Scam?

                              Audit Stamp Shows Financial Accounting Examination

                              Company Name Student Loan Managers Our Impression of What the Company Offers to Consumers The company appears to offer services for federal student loans only to consolidate and/or reduce monthly payments or discharge student loans. Yet these services are available for free directly through the Department of Education to consumers but the company is not transparent about that fact. Depending ... Read More »

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