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Dead Son’s Student Loans Still Haunt Father

Student Loan Corkboard Concept

by Marian Wang ProPublica It’s been four long years for Francisco Reynoso. The California gardener whose son died in a car accident in 2008 left him buried in grief u2014 and in student debt. At last, the bereaved father is getting some resolution. As ProPublica reported in June, Reynoso was saddled with six figures in student loans that he had ... Read More »

    The Incredible Healing Power of Bankruptcy: Chapter 7 & Chapter 13

    God

    Let’s be upfront and open, many people harbor an emotional feeling about bankruptcy and a false belief that bankruptcy is a path chosen by ne’re do wells and reprobates. Yea, that impression has nothing to do with the reality of the situation. I understand the angst and fretting. I myself went bankrupt in 1990. I get it. But since I ... Read More »

      Don’t Be Fooled by This Vehicle Extended Warranty Mailer from Vehicle Protection Center

      Doxie 0026

      Update 4-10-2015: Lyle Cameron sent in an error report on this story and said, “This company is not a scam and only uses top administrators in the Vehicle Service Contract industry. Not to remove the post but to correct the information here and an apology from the creator for spreading information that isn’t true.” He did not indicate what information ... Read More »

        Midland Funding Pays Big Fine

        news1

        Midland Funding Pays Big Fine Over Robosigning Debt Collection Suits One of the country’s largest debt buyers has agreed to overhaul its collection practices and pay the state of Minnesota $500,000 in a settlement that reflects heightened scrutiny of the growing industry. Midland Funding LLC, owned by debt-buying giant Encore Capital Group Inc. in San Diego, faced allegations that it ... Read More »

          InCharge Debt Solutions Gives Employees Access to Your Personal Information at Home

          INCHARGE DEBT SOLUTIONS WORK-FROM-HOME

          InCharge Debt Solutions, and Orlando based non-profit credit counseling agency, just put out a press release that brags about how their telecommuting program benefits the environment. It even included a neat little infographic which you can see below. “Improving our employees’ quality of life and job satisfaction were enough for me,” said Ms. Money from InCharge. “Reaping the additional benefits ... Read More »

            FTC Closes Down Credit Counseling Company We’ve Written About.

            Biker-Bettys-600x398

            The Federal Trade Commission has been kicking debt relief butt recently. They’ve been closing down bogus outfits almost faster than I can write updates about them. The latest is a company a reader and tipster (send in your tips here) alerted me about. I then made a secret shopper call you can listen to. See Fake Nonprofit Credit Counseling Agency ... Read More »

              Nationwide Card Monitor Shuttered by FTC

              11_news on red.jpg

              Nationwide Card Monitor is a company we’ve written about previously here on the site. In fact in one story, someone even went to their office to try to resolve their consumer complaint. They were instead threatened. Here is what the previous story had said: “I just went to NCM and delivered the complaint. I walked into suite 16 and there ... Read More »

                How to Easily Get a Mortgage After Bankruptcy

                Couple Buying House

                One generally unfounded fear people have is that filing bankruptcy will stop you from buying a house. That’s just not true. Granted, being able to qualify for a mortgage immediately after filing bankruptcy might be a bit tougher, but the reality is that filing bankruptcy and clearing away unmanageable debt can actually make it easier to get qualified for your ... Read More »

                  Credit Repair Operator Offering Seasoned Lines of Credit and to Remove Negative Items Gets Jail

                  mans hands behind bars in jail or prison

                  I just posted an article about Edwin Jacquet getting sentenced to 63 months in jail for his credit repair operation. This case is interesting in that it seems to include many of the same activities that others engage in to “repair” credit. Let’s take a closer look at the complaint filed against Edwin Jacquet and his co-horts and see what ... Read More »

                    Credit Repair Operator Gets 63 Months in Federal Prison

                    mans hands behind bars in jail or prison

                    Edwin Jacquet was sentenced yesterday in Manhattan federal court to 63 months in prison for his leadership role in what is believed to be the largest known credit repair fraud scheme ever charged. He was also ordered to pay more than $9.3 million in restitution for the losses caused by the scheme. Jacquet pled guilty in March 2012 to one ... Read More »

                      TV Lawyer Charged With Bankruptcy Fraud, Student Loan Debt Slaves, GI Bill Scams

                      news1

                      TV Lawyer Randolph Goldberg Sanctioned for Forgery and Fraud Well-known TV lawyer Randolph Goldberg is being sanctioned for forgery and fraud. It’s a federal case Contact 13 Chief Investigator Darcy Spears has been following for nearly four years. This case is the latest in Goldberg’s string of legal troubles. As we reported in September, Randolph Goldberg is already under federal ... Read More »

                        Chase Minimum Payment Class Action Lawsuit Moves Closer to Paying Out

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                        A kind reader and tipster (send in your tips here) let me know that the class action suit against Chase bank for raising minimum monthly payments is proceeding to paying out soon. The suit was brought in 2009 on behalf of consumers that had engaged in balance transfers to Chase Bank under the impression the minimum payment on the credit ... Read More »

                          How to Get the Right Help for Debt Problems – Get Out of Debt Guy Show

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                          In this show I share some critical information and advice with you on how not to become a victim or get scammed when you are searching for debt relief help. Having financial problems can be scary enough but who can you trust and who should you turn to when you are looking for good options for bad debt? This show ... Read More »

                            Extended Warranty Advice, New Student Loan Collection Tools, College Not Worth the Cost,

                            news1

                            Resist the Extended-Warranty Pitch While you’re doing your holiday shopping, be prepared for the inevitable pitch to add a service plan, or extended warranty, to your purchase, especially if you’re buying electronics or appliances. Salespeople will tell you that a service plan gives you the peace of mind of knowing that any repairs needed after the manufacturer’s warranty expires will ... Read More »

                              Who Are These Wage Shield People?

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                              A reader contacted me and wanted to know more Wage Shield. The company claims that for $2,995 per couple they can protect assets from creditors. The Wage Shield website is very open on sales information but short on critical details. The site says the representative is Jason Oswald and the company name is Hennessy & Associates, LLC. But the site ... Read More »

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