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As Economy Recovers Less Jobs Will Be Available for Middle Class. It’s the Robots.

robots

Have you noticed that the stock market has been doing great and companies are talking about big profits but the numbers of unemployed have remained without a whole lot of reduction? Consider this, over the same time period that the economy has been in the toilet, technology is allowing companies to do more with fewer employees needed. Companies are utilizing ... Read More »

    Scam Auto Loan Modification Companies Permanently Closed by FTC

    ftc

    In a settlement with the Federal Trade Commission, two California-based companies and their principals, who allegedly took hundreds of thousands of dollars from consumers, are banned from marketing auto loan relief or any other type of debt relief to consumers. The FTC filed charges against the companies – Kore Services LLC, doing business as Auto Debt Consulting, and NAFSO VLM, ... Read More »

      Ticking Student Loan Time Bomb One Step Closer to Exploding

      student loan debt TU

      A recent TransUnion study has revealed that more than half of student loan accounts are in deferred status, where the repayment of the principal and interest of the loan is temporarily delayed. In my experience the primary reason people do this is when the full student loan payments are unaffordable and they need falsely perceived breathing room. Deferred loans now ... Read More »

        California AG Arrests Three, Including Public Notary, in Mortgage Elimination Scam

        California AG Seal

        Attorney General Kamala D. Harris today announced the arrest of three suspects who have been charged in a mortgage fraud scheme targeting struggling Northern California homeowners. Six websites allegedly used by the suspects to advertise their scheme have been intercepted and redirected to a resource page on the California Attorney General’s website. The felony complaint alleges that Ronald Vernon Cupp, ... Read More »

          Innovative Wealth Builders Finally Shutdown by FTC

          ftc

          Tampa Telemarketers Alleged to Have Falsely Promised To Save Consumers Thousands on Credit Card Debt At the Federal Trade Commission’s request, the U.S. District Court for the Middle District of Florida has temporarily shut down Innovative Wealth Builders, Inc. (IWB), which allegedly operated a credit card interest rate reduction scam, pending resolution of the FTC’s cases against the operation. The ... Read More »

            FHTM Path to Financial Independence Scam Stopped by FTC

            ftc

            At the request of the Federal Trade Commission and the states of Illinois, Kentucky, and North Carolina, a federal court has halted an allegedly illegal pyramid scheme pending trial. The FTC and the state attorneys general seek to stop the allegedly illegal practices of the Fortune Hi-Tech Marketing (FHTM) operation, which claimed consumers would make substantial income by joining the ... Read More »

              Debt Related PTSD and Financial PTSD Quietly Hurts Many

              Desperate

              We commonly think that post-traumatic stress disorder (PTSD) is something that only combat troops face. It’s thought of as an effect only of war. But that’s not the whole story. Through news reports and media coverage we are also aware of the ripples and problems PTSD can create in the lives of many brave military members after they return home. ... Read More »

                Timeshare Resale Scammers Barred From Business, Must Pay Millions

                ftc

                FTC Alleged that Defendants Falsely Claimed They Had Buyers Lined Up for Consumers’ Properties As the result of a Federal Trade Commission action, the operators of a scheme that allegedly deceived consumers who were trying to sell their timeshare properties are permanently banned from the timeshare resale business, and from all telemarketing, and one of them has been ordered to ... Read More »

                  Jeremy Johnson and I Works Drag Family Down. Mansion and Silver Bars to Go.

                  ftc

                  This enterprise hit my radar about 18 months ago when I wrote BadCustomer.com Investigative Report. Is it a Scam or Something You Need to Be Afraid Of? The story of the fall of Jeremy Johnson is one for the record books. Another sad tale of a tumble from philanthropist to incarcerated. The Federal Trade Commission has asked a federal court ... Read More »

                    Unemployment – What It’s Like To Be Unemployed

                    begging

                    Some think being unemployed is like a paid vacation. Really? What do you say we take a quick look at what people have to say about being out of a job and looking for work. Have you experienced being unemployed? Share your feedback and experiences about being unemployed in the comments below. Read More »

                      This is Why People Need to Be Aware Who They Are Talking to at Debt Relief Companies

                      Big Scam Dog

                      Every once in a while I look around the web to see who is advertising. Today I spotted an help wanted advertisement by Preferred Financial Services that typifies why consumers need to be careful when calling the average debt relief company. People think that what they are getting is fair and balanced advice by an independent person who wants to ... Read More »

                        Why Transferring Student Loans to Credit Cards is Not a Good Idea

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                        As the looming crisis of student loan debt nears, some enterprising debtors are no doubt getting desperate. Student loan debtors are being hounded by collection agencies night and day, tax refunds are being intercepted, and wage garnishments are inevitable. So some enterprising debtors are getting the idea to transfer their student loan debt to credit cards with the idea of ... Read More »

                          CFPB Rolls Our New Mortgage Rules to Help Consumers

                          home foreclosure legal document with house key

                          The Consumer Financial Protection Bureau has just announced new rules that are aimed at mortgage servicing companies from lessons learned during this most recent mortgage meltdown crisis we are living through. While smaller banks and credit unions are exempt from these rules, the big loan servicing companies, those that service 5,000 or more loans, will have to fall in line. ... Read More »

                            FTC Awarded Millions in Action Against Business Coaching Marketers

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                            Ivy Capital Allegedly Took Millions from Consumers Trying to Run Their Own Online Businesses Most of the defendants in a massive business “coaching” scheme that allegedly took more than $100 million from consumers have agreed to settle Federal Trade Commission charges that they misrepresented the earning potential of the coaching program they sold, misrepresented their goods and services, and failed ... Read More »

                              Tax Club Nailed by Federal Trade Commission

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                              The Federal Trade Commission and the New York and Florida Attorneys General charged The Tax Club’s telemarketing operation with deceiving consumers who mistakenly believed its services would help their home-based business succeed. The agencies seek to end the allegedly illegal practices as part of their continuing efforts to stop scams that target financially strapped consumers. At their request, a federal ... Read More »

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