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Do Not Avoid Bankruptcy – 14 Reasons

Avoid Bankruptcy Monster

Avoid bankruptcy is advice you will often hear in the debt relief world. Companies, from non-profit credit counselors to for profit companies use that advice, sometimes well intentioned, and sometimes just to manipulate you. Companies that use the advice that consumers should avoid bankruptcy are simply amplifying the ingrained fear and prejudice that many have about bankruptcy. But fear and ... Read More »

    My Wife Signed Up With Student Loan Service.US and I’m Worried. – Michael

    puzzled looking little boy looking to the left

    “Dear Steve, I tweeted your account on twitter also. My wife and I have a good amount of student loan debt. She registered with a site she found online “studentloanservice.us” they are associated with “COASTALCREDITSOLUTIONS.COM” I cannot find any information about them. She gave them all of our banking information and they are set to charge our account on friday. ... Read More »

      My Student Loan Relief Wants to Charge Me a Monthly Fee. – Danna

      Magnifying Glass - Q&A

      “Dear Steve, I called a similar agency to get help with my student loans. Initially I received a litigation letter in regard to my private student loan. They were threatening to follow through thus garnishing my wages. Upon calling “My student loan relief” they asked for my FAFSA pin, I gave it to them, she accessed my information. She proceeded ... Read More »

        Orange County Choppers Division Files Chapter 7 Bankruptcy

        news2

        In another case which just shows that chapter 7 bankruptcy is an appropriate solution for many, Orange County Choppers Merchandising, owned by Paul Teutul, Sr. has filed for chapter 7 bankruptcy protection on January 21, 2013. Orange County Choppers became famous primarily to the Discovery television show that father and son as they grew the business from a basement enterprise ... Read More »

          My Student Loan Relief – Review. Are They a Scam?

          Audit Stamp Shows Financial Accounting Examination

          Company Name My Student Loan Relief Our Impression of What the Company Offers to Consumers The site is vague on details and who is responsible for the site. Address Unable to locate. Not listed on site. But request for information through site lead to response from: The Credit & Banking Law Group 2201 NW Corporate Boulevard Suite 205 Boca Raton, ... Read More »

            Farmer Decides to Settle Her Own Debt Instead of Using U.S. Legal Service Group

            flemish cow in the field

            The article below was contributed by a site reader who wanted to share their path out of debt. I really want to be a good advocate on helping others around me with the same situation as it goes very deep, but even in my darkest time, I am no quitter and was bond to see this whole process through. I ... Read More »

              Practical Debt Relief Student Loan Program – Review. Are They a Scam?

              Audit Stamp Shows Financial Accounting Examination

              Company Name Practical Debt Relief Our Impression of What the Company Offers to Consumers The Practical Debt Relief website student loan page seems entirely confusing to the average consumer. The page top is about student loans but the examples given are for debt settlement. Then they launch back into student loan information. The disclaimer on the bottom of the page ... Read More »

                Professional Student Loan Solutions – Review. Are They a Scam?

                Audit Stamp Shows Financial Accounting Examination

                Company Name Professional Student Loan Solutions Our Impression of What the Company Offers to Consumers Our researcher was able to get information from this company much easier than from other companies. I do have to give them props for sending the client agreement and fees without forcing consumers through hoops. A positive sign. The email they sent said: “Our website: ... Read More »

                  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 »

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