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The Real Shit About Identity Theft Nobody Will Tell You

identity-theft

An awesome series of videos about the realities of identity theft and an introduction to the worst identity thieves around. Find out what it’s not the stranger you need to worry about and why it’s so important to monitor your credit bureau reports for activity on your current accounts. Grab the perfect beverage and spend some time watching these videos. ... Read More »

    World Law Loses in Colorado

    gavelangrybirds

    According to The Gazette, World Law, the debt settlement company, has been hit with an injunction in Colorado. Allegedly, World law ran into trouble in Colorado for false advertising and violations of the Colorado Debt Management Services Act. It seems World Law did not win friends in Colorado after the company ignored a district court order to stop activities in ... Read More »

      Morgan Drexen Loses Big in Wisconsin

      oops

      Multiple media outlets are reporting the debt settlement company Morgan Drexen has lost a Wisconsin appeals court ruling and is ordered to refund $4.2 million in settlement fees. A state appeals court says a hearing examiner properly ordered a debt settlement company to give up $4.2 million in fees and pay nearly $2 million in forfeitures because it was operating ... Read More »

        Life Financial Planning Sends Out Alarming Sales Pitch. Similar to Lord Heal Our Land.

        Life Financial Planning Pitch

        An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. The offer sent out by a company identified as Life Financial planning, 575 Menlo Drive #1, Rocklin, California 95765 seems to be misleading on so many levels. I would urge anyone who receives a similar offer to conduct their own due diligence. While ... Read More »

          What Broadway Says About Money Through Show Tunes – Audio

          2015-02-23-KidsHappyMoney-thumb

          Money, credit, and debt issues filter through our lives in so many ways. In this look at money through Broadway tunes, we get a closer look at what casual society has to say about being rich, poor, broke, happy, sad, and the morality of money. This program runs about an hour but it’s worth setting aside the time to listen ... Read More »

            Will Settling a Private Student Loan Wreck My Credit?

            Debt Settlement Advice

            A reader recently wrote in, concerned about whether an old unpaid student loan could be reported to the credit reporting agencies: I was recently contacted about an old school loan. It is either close or very close to the statue of limitation and has never showed up on my credit report. I thought maybe the school charged it off years ... Read More »

              Should I Continue with My Debt Management Plan?

              Adult Ed - Questions

              Q. I have been in a debt management plan for a year now. The payments are over $1,400 per month and I am having difficulty making these payments. Should I try to continue with my Debt Management Plan? A. In a Debt Management Plan (DMP), you make monthly deposits with the company that arranges this plan for you. The company ... Read More »

                United States of Debt – Audio

                debt

                Upon entering the Eastside Arts Alliance in East Oakland, it’s clear that this a special kind of conference. On the welcome table is a stack of name tag stickers, the kind that usually read “Hello, My Name Is…” But these stickers read: “Hello, My DEBT Is…” These badges are stuck onto the shirts of many of the 70-some people here, ... Read More »

                  FTC Goes After Vehicle Loan Debt Relief Assistance Services

                  ftc

                  The Federal Trade Commission recently filed a sealed complaint against Regency Financial Services, Ivan Levy; AKA Fidelity Holdings, Levy Fidelity Holdings, Ivan Levy Regency Holdings, BJI Enterprises. The FTC alleges the following in the complaint: “Since at least 2009, Regency, acting primarily through co-defendant Ivan Levy, has perpetrated a vehicle loan assistance relief services scam. Regency preys on consumers who ... Read More »

                    7 Student Loan Terms to Know to Save the Most Money

                    confused

                    While applying for and receiving student loans is easier than in years past, many students sign up for heavy debt burdens without familiarizing themselves with important loan terms. Without knowing basic terminology, students are unable to competitively shop for loans, and choose the one that works best for them. Here are a few key terms to know: Principal – The ... Read More »

                      Weekly Syndicated Get Out of Debt Column February 6, 2015

                      End of stress.

                      Money, Credit and Debt Advice – Get Out of Debt Guy Question: My Student Loans Leave Me Hopeless Dear Steve, I can’t believe how much student loan debt I have. It feels like I can barely get by each month and there is no way for me to ever get out from under these loans. I have both federal and ... Read More »

                        Potential Good News for Debt Relief Companies. Balances Increasing.

                        Credit Card Delinquency Rates

                        For debt relief companies who have been suffering from a lack of consumer demand, there is news out today that indicates demand might be increasing in the near-term. TransUnion says “total outstanding credit card balances increased 5% on a yearly basis. The increase indicates record growth, the highest yearly growth observed since 2008.” If this trend continues then in a ... Read More »

                          5 Year Club Fed Stretch for Mortgage Relief Promoter

                          mans hands behind bars in jail or prison

                          WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Benjamin B. Wagner, United States Attorney for the Eastern District of California; and Kamala D. Harris, Attorney General for the State of California today announced that Ray Jan Kornfeld, 59, of Las Vegas, Nev., was sentenced on February 19, 2015, to five years in federal ... Read More »

                            Why Income Based Student Loan Payments Can Be a Terrible Trap

                            danger

                            What Student Loan Assistance Companies Are Not Telling You With the surge in companies that are selling student loan assistance programs it seems their product is most commonly just filling out paperwork to enroll people in income driven repayment programs for federal student loans. It’s an easy sale, “We Can Lower Your Payment,” is a powerful message that resonates with ... Read More »

                              FTC Goes After Debt Relief Companies Who Deal With Payday Loans

                              ftc

                              On February 18, 2015 the Federal Trade Commission filed suit against PSC Administrative, Coastal Acquisitions, Infinity Client Solutions, Infinity Collect, Jared Irby, and Richard Hughes for violations of the Telemarketing Sales Rule. The FTC alleges the Defendants solicited consumers with debt relief services, who owed payday loans. “Defendants have induced consumers to enroll in their program by claiming that they ... Read More »

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