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Financial Literacy Sought in Fiji to Prevent Hire Purchase Fleecing

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The Consumer Council in Fiji is launching a financial literacy effort to help educate consumers about hire purchase agreements. For those that might not know, a hire purchase (HP) agreement is used to to purchase goods using installment credit. In cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum ... Read More »

    New Zealand Credit Card Fraudster Targets Rich

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    A craft New Zealand man found an efficient way to commit credit fraud, he allegedly targeted the neighborhoods of people well off and took credit cards out of the mail. Adam Matthew Brown has been charged with 300 counts of credit card fraud after allegedly taking credit cards from 12 people living in the upscale Remuera area outside Auckland. Apparently ... Read More »

      UK Woman Kills Self to Avoid Dealing With Debt Problems and Hidden Credit Card Debt

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      From This is Staffordshire: A mother killed herself on the day she thought bailiffs were coming to repossess her home, an inquest heard. Tina Bennett, aged 40, was found by her son Anthony, and husband Michael, at the family home in Kidbrooke Place, Blurton, on May 11 this year. She had hanged herself using the cord from two dressing gowns, ... Read More »

        Canadians In Trouble – “Half of Canadians are Living Paycheque to Paycheque”

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        For those living in the United States, while we’d like to think at time the world should revolve around us and we should be the center of everything, when it comes to mastering consumer debt, that’s not true. Consumer debt problems exist in every single nook and cranny of the earth. The early warning signs are appearing in Canada. Even ... Read More »

          Fake Bankruptcy Attorney Caught in Maryland Running Scalia & Seidel

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          Michael mancini of Baltimore, Maryland was caught recently impersonating a bankruptcy attorney. it is reported he represented more than 50 consumers in bankruptcy before getting caught in his sham. Mancini, a high school graduate, was ordered by U.S. Bankruptcy Court Judge David Rice to pay $261,000 in fines and damages and close up shop. According to the National Law Journal, ... Read More »

            Crazy Ass Lawsuit Filed by Spire Law Group on Behalf of Consumers Against Alleged Bank Conspirators

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            As an investigative journalist and consumer reporter I’ve read a number of lawsuits, probably in the thousands at this point. But a suit sent to me this morning by a tipster (send in your tips here) has to be among one of the strangest I’ve seen. The underlying legal foundation of the case might be sound and the Plaintiffs might ... Read More »

              Porn Debt, Stripper Debt, Sugar Baby Debt – More Financial Sexual Fetishes – Probably NSFW

              white lace panties

              I learned two important things in researching this article. The first is the large number of people that admit some part of their debt problem was related to porn or the sex trade, and, when you search for porn debt there are some very odd results. Be careful. Not long ago I wrote about the niche of financial domination. See ... Read More »

                Barnes & Noble Payment Data Compromised in CA, FL, IL, MA, NJ, NY, PA, and RI

                Photo Credit: Grilled Cheese

                The bookseller Barnes & Noble has announced that 63 of its stores were found to have payment terminals / PIN pads that had be tampered with and compromised. The announcement of the tampering says that only one PIN pad in each store was hacked. Barnes & Noble has since inspected every PIN pay pad in all of its stores. The ... Read More »

                  Canada Concerned About Exploding Consumer Debt Becoming a Drag

                  Ready to Collapse

                  Consumer debt levels in Canada continue to grow, creating a concern for the Bank of Canada. It’s a tightrope to encourage Canadians to spend to stimulate the economy and help improve the general economy in Canada and act prudently in order not to run up household debt to problem levels. As Canadian households have engaged in a borrowing spree, Federal ... Read More »

                    Student Loan Servicers Suck

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                    by Marian Wang ProPublica, The parallels between the mortgage market and the student loan industry have been frequently noted. Both involve big borrowing and have a history of lax underwriting by lenders. But the two are also strikingly similar in another way: When it comes to both mortgages and student debt, the servicers, or companies that handle loan payments, sometimes ... Read More »

                      Consumer Cries Foul Over Mortgage Reduction Mailer

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                      A tipster (send in your tips here) sent in a mailer they just received from the Administrative Offices of Payment Reduction Service. Whatever that is? Their concern was that the mailer was unsolicited marketing for a mortgage they no longer have. That caused them to investigate the mailer further. The mailer does not identify who the sender is but does ... Read More »

                        TIP: Don’t Use University Credit Card to Pay for Strip Club

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                        In what certainly feels like the most obvious advice possible, the Missouri athletics department didn’t get the memo. Michael Schumacher, the director of video operation, apparently used the university credit card to visit the “only Vegas strip club on the Strip.” It wasn’t so much the rum and coke that tripped him up, but probably the $2,000 tip on a ... Read More »

                          Bank Founded in 1472 Launches Dual Sided Credit/Debit Card. Freaky!

                          Debit Card Side of the Card.

                          Belgium bank Banca Monte Paschi Belgio is launching a split personality credit card and debit card. It’s kind of weird but very cool. The PaschiCombo card on one side has a chip and PIN Maestro debit card on it. The card also has a button on it that users can press when they want to make online purchases but need ... Read More »

                            Target Sells RedCard Credit Card Biz to TD Bank But Will Keep Servicing

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                            You know that Target card you have in your wallet. Not the debit card, but the credit card. Well Target has sold their book of customers and accounts to Toronto Dominion Bank (TD Bank) for a reported $6 billon. The price tag is equal to the entire amount of the amount due on the cards. The agreement does not have ... Read More »

                              Medicredit Debt Collector Allegedly Threatens Mother and Uses Social Media as Weapon

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                              Update 11-5-2012 We received the following correspondence from Michael A. DiMarco from MediCredit. In your October 23, 2012 blog entitled “Medicredit Debt Collector Allegedly Threatens Mother and Uses Social Media as Weapon,” you acknowledge that there might be some confusion in the identification of the exact underlying companies in the lawsuit filed. The facts are: 1. The complaint should have ... Read More »

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