Latest Posts
Home > Debt Articles (page 47)

Debt Articles

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 »

                  Student Loan Processing.US – My Observations and Site Review

                  questions

                  A tipster (send in your tips here) alerted me about a company called Student Loan Processing. Can the names get any more generic? The tipster (send in your tips here) said “They charge 1% of the debt amount” for student loan assistance. It is unclear from the information I was given if there were any other fees or fee schedules. ... Read More »

                    How to Run a Clean Student Loan Assistance Program

                    thumb up

                    Since I started writing about student loan rescue or assistance programs that look like they take unfair advantage of consumers I’ve heard from some that would like to know what a “legitimate” student loan assistance program actually would look like. You can see the current list of articles on this subject of student loan assistance or rescue issues, here. My ... Read More »

                      FTC Halts Financial Scam That Targeted Vulnerable Consumers

                      scam

                      At the Federal Trade Commission’ request, a federal court has temporarily halted an operation that allegedly used an intricate web of concealment to debit hundreds of thousands of consumers’ bank accounts and bill their credit cards more than $25 million without their consent. The court also froze the defendants’ assets and appointed a receiver to control the business pending trial. ... Read More »

                        Student Loan Service in California is Selling Me Student Loan Help. Is This Legal? – Ryan

                        Drive Carefully

                        “Dear Steve, I have $43,540 in student loan debt. They are charging 1% of the payment and a monthly maintance fee. Is this legal? How are they doing this? Seems to be a legit company and have a good BBB rating. www.studentloanservice.us/services Ryan” Dear Ryan, If you want to pay some money for something you can do yourself. That’s your ... Read More »

                          Student Loan Assistance Rescue Scams On the Rise – Buyer Beware

                          robbery

                          There has been a sudden rise in the number of companies that are selling purported student loan assistance programs. Recently I covered three such programs here, here, and here. You can see all the stories on student loan rescue companies here. One of these programs was even being sold by an IRS approved non-profit charity that targets military members. The ... Read More »

                            Federal Student Aid Relief Website Generates Legitimate Concerns

                            Audit Stamp Shows Financial Accounting Examination

                            A reader wanted to know more about a company called Federal Student Aid Relief that operates a website (FederalStudentAidRelief.com) with a picture of a capitol building on the site. The reader claims they did a bit of secret shopping as well and said, “When I called them I got a guy with a heavy New York accent who definitely implied ... Read More »

                              Reader Expresses Concerns About National Business Capital Mailer

                              Screen Shot 2013-02-18 at 3.21.58 PM

                              A reader sent in a copy of a mailer they received from National Business Capital and wanted to share it with others. As you can see the mailer promises the company has been qualified for a line of business credit. They advertise the business will receive a check book and will be free to write separate drafts as needed. No ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.