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Sad Findings Show Americans Suck at Managing Their Money. 1 in 3 Have No Savings Account.

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The Federal Deposit Insurance Commission (FDIC) recently released their latest findings on how people deal with managing their money. I’m not talking about high level issues like which mutual fund provides a better return, but like do you have a savings account. As a consumer debt expert the information is disturbing in two ways for me. First, I can visualize ... Read More »

    Old Dog – FDCPA Lesson Learned

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    I’ve been living with dealing with debt since 1990 and began professionally helping people with debt problems in 1994. There are just fewer issues that come along these days that surprise me and teach this old dog something new. But once in a while one does. This one has to do with a incorrect assumption that myself and many others ... Read More »

      Attorney General DeWine Announces Final Arrest in Telemarketing Land Scam Case

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      Ohio Attorney General Mike DeWine announced today that the last suspect in a multi-state telemarketing ring is now in custody. Deputies with the Howell County, Missouri, Sheriff’s Office arrested Michael Sweigart last night. Several anonymous tips to the Attorney General’s Office led officers to a home in West Plains, Missouri, where Sweigart went into custody without incident. He had been ... Read More »

        Attorney General DeWine Reminds Ohioans of New Program to Help Identity-Theft Victims at Columbus Fraud Forum

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        Attorney General Mike DeWine reminded Ohioans today at the Central Ohio Community Fraud Forum that he has launched a new program to assist victims of identity theft. “Identity theft can be extremely damaging to victims and difficult to recover from,” said Attorney General DeWine. “We’ve created this program to help victims get their lives back on track.” The new Identity ... Read More »

          Living in Republic of Ireland and Struggling to Make Property Payments. Will We Lose Our UK Property?

          “Dear Jon, I lived in the Republic of ireland from 2000-2008. My husband and I purchased a property there in 2005. We are struggling to make the payments on this property as we have since bought a house in northern Ireland (where we have lived since 2008). My question is if we were to foreclose on the Republic of Ireland ... Read More »

            Can You Go to Jail if You Don’t Pay a Bill?

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            Just out is a very interesting video from my friends over at Cambridge Credit Counseling about debtors’ prison and the current realities. Disturbing new reports indicate that debt collectors in Missouri, Illinois, Alabama and a few other states are using a legal loophole to justify jailing poor citizens who legitimately cannot pay their debts. It has been troubling that some ... Read More »

              Judge Bloom Finds California-Based Internet Lender, CashCall, Abused West Virginia Consumers, Violated State Usury Laws. $15 Million Returned to WV

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              In a much-anticipated ruling likely to have national implications, Kanawha Circuit Judge Louis H. Bloom entered two lengthy orders yesterday finding in favor of the State on all its claims and ordering Internet lender, CashCall, of Anaheim, California, to pay $15 million in civil penalties, refunds, and cancelled debts for the 292 West Virginia consumers who obtained the loans and ... Read More »

                Attorney General DeWine Launches New Program to Help Identity-Theft Victims

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                Ohio Attorney General Mike DeWine today announced a new statewide program designed to help victims of identity theft repair damage to their credit reports and rectify other problems associated with identity theft. “The effects of identity theft can linger for years, causing serious problems for the victim,” Attorney General DeWine said. “We’ve created this program to help individuals resolve the ... Read More »

                  1st United Consultants – Reader Sends in Client Agreement. Let’s Take a Look.

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                  A tipster (send in your tips here) sent in the following message: “1st United Consultants – Received a cold call from them and played along. Claimed to save me $200 per month by not paying my mortgage and paying them instead. They were high pressure as they could only hold approval for a few minutes but if I signed up ... Read More »

                    Cockburn & Associate Said to Have Purchased Silverthorn & Lupolover Debt Settlement Clients and Practice

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                    A commenter offered the following information regarding an email they recently received as a Silverthorn & Lupolover debt settlement client: “The Law Office of Cockburn & Associate, LLP is pleased to announce the acquisition of Silverthorn & Lupolover Lawyers, LLP. This comes as Mark Silverthorn explores alternate avenues within the practice of law. Shelia A. Cockburn, a protégé of Mark ... Read More »

                      Canada BBB Debt Settlement Warning Both Helps and Hurts Consumers

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                      I’m at odds about some of these blanket warnings to consumers about debt settlement. This time it is from the BBB out of Canada. I completely understand that there have been and still are some debt settlement companies that take advantage of consumers with bad advice and front-loaded fees. Those warnings need to get out to consumers so they can ... Read More »

                        What the Full Set of 2011 Bankruptcy Tells Us About Consumers With Debt

                        The most recent annual publication of bankruptcy data is out from 2011. Compared to 2010 there was an 11 percent drop in bankruptcy filings, a 23 percent drop in filer assets, a25 percent drop in filer liabilities and a 28 percent incidence of repeat filers. Despite of what many debt relief company sites claim that a chapter 7 bankruptcy is ... Read More »

                          State of Washington Seniors Warned to Watch for Fake Reverse Mortgage Sales People

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                          The Washington State Attorney General’s Office is joining the Washington State Departments of Veterans Affairs and Revenue in warning consumers about complaints they’ve received from seniors who say they’ve received calls from solicitors posing as state agents for a senior property tax relief program. The Department of Revenue learned Washington seniors are complaing that they have been contacted by solicitors ... Read More »

                            Lloyd Ward Accused of of Gross Legal Malpractice by The Debt Answer and ABC Debt Relief: Update to Most Bizarre Debt Relief Suit of the Year

                            Not that long ago I published a story about the most bizarre debt relief lawsuit of the year where Lloyd Regner and The Debt Answer, among others, were suing his ex-partner Kevin Devoto and Dallas attorney Lloyd Ward. A tipster (send in your tips here) sent in a copy of a newly filed amended complaint in the matter. Much of ... Read More »

                              Obama or Romney: Which One is Better for Debtors

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                              With the 2012 presidential election coming up and the choice left to either sitting President Barack Obama or Republican nominee Mitt Romney, anyone concerned about their personal finances might want to look at the positions of the two candidates and factor that into their voting strategy. Over the past four years the Democrats, and President Obama have been pushing for ... Read More »

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