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Veterans Target of Financial Scammers – Beware


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


      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

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        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


          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. 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


              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 ( 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 »

                    Real Estate Law Center & Chad Pratt Still Sending Mass Joinder Offers

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                    A tipster (send in your tips here) sent me a copy of a mass joinder mailer they just recently received. The mailer looks familiar to the Form 1012-R and Form H-118 advertising mailers that were sent over the past few years in an effort to sell consumers mortgage relief services. As you can see below, the form looks official and ... Read More »

                      BBC National Lottery Emails Are a Scam. Warn Others.


                      Readers keep sending in emails, like the one below, wanting to believe it is real. It’s a scam and typically results in a request for the recipient to pay some fee to get their prize. The scammers can’t even spell correctly. From:BBC NATIONAL LOTTERY To: Date:12/14/12 Subj: CONGRATULATION,DEAR WINNER OPEN THE ATTACHED FILE FOR DETAILS. KINDLY DOWNLOAD THE ATTACHED FILE ... Read More »

                        Robert J. Buscho & Anaheim Legal Center Law Offices of Kenneth W. Szalonek Mystery


                        A tipster (send in your tips here) sent me a message and said I should take a look at ( regarding a .Robert J Buscho. The message said: “Please follow this link to the site [Robert J. Buscho] is still advertising himself as an attorney on. He does not speak Spanish and he has preyed on helpless, desperate people ... Read More »

                          Life After Bankruptcy: How to Quickly Have Great Credit and Dumb Mistakes to Avoid

                          With a little education and guidance your life after bankruptcy will be awesome.

                          So you filed bankruptcy. Congratulations on taking steps necessary to deal with your old debt and get the legal protection and fresh start you are entitled to under the law. Your journey isn’t over though. The best days are now ahead of you but you will need to take action to rebuild a better financial future. Below you will find ... Read More »

                            Personal Finance Author Gail Vaz-Oxlade Turns Away From Credit Counseling

                            change your mind

                            In a slowly building concern over personal finance advice, Gail Vaz-Oxlade, author of Money Rules, Debt Free Forever, It’s Your Money, and more personal finance books, is quoted as reversing her position about credit counseling in Canada. Gail Vaz-Oxlade, author and host of Til Debt Do Us Part and Princess, used to recommend credit counseling services to consumers in financial ... Read More »

                              EFA Processing Takedown Request Makes Me Want to Examine the Facts


                              As a result of a takedown request this site received regarding a guest post here, I decided to look into the facts that were publicly verifiable. What you find below is not really an article, but the results of my research. The contributed article by Jason Spencer, here, is his statement of opinion and internal facts as he knew them. ... Read More »

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