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Identity Thieves Con the Department of Education Out of Student Loan Money

mans hands behind bars in jail or prison

We’ve heard a lot in the news about people stealing information on people and using that personal information to file for tax refunds. It’s a growing form of identity theft. But in a new twist, Ronzell and Stephanie Mitchell were using stolen personal information to scam the Department of Education out of $270,000 of student loan money. According to WJLA ... Read More »

    Half Million Dollars of Federal Student Loans Discharged in Bankruptcy

    bankruptcy-1

    So many people continue to assume student loan debt can’t be discharged in bankruptcy. Even bankruptcy attorneys perpetuate this myth as well. In previous articles, that you can find here, I’ve shown specific examples of both federal and private students loans discharged. I’ve even pointed out broad niches of student loan debt not protected by bankruptcy, in this article. But ... Read More »

      California Fair Debt Buying Practices Act Gives Consumers Rights

      law books

      If you are being hounded by a debt collector over an old debt and you live in California, you need to pay attention to the Fair Debt Buying Practices Act. Under that new California law the buyer of old debts who is now attempting to collect on the debt has certain hurdles to jump over before you have to pay. ... Read More »

        Cell Phone Provider to Pay Millions for Throttling Data. Refunds Available.

        blank screen mobile in woman hands

        TracFone, the largest prepaid mobile provider in the U.S., has agreed to pay $40 million to the Federal Trade Commission to settle charges that it deceived millions of consumers with hollow promises of “unlimited” data service. The FTC’s complaint against TracFone alleges that since 2009, TracFone has advertised prepaid monthly mobile plans for about $45 per month with “unlimited” data ... Read More »

          Attorney Mitchell Stein Gets 204 Months in Federal Prison. Refunds to Begin.

          time and money

          It’s hard to believe it has been nearly four years I’ve been writing about Mitchell Stein, an attorney out of California who, at the time, was involved in the mass joinder approach of selling consumers hope they could sue their mortgage company. Stein seemed to be at the forefront of the movement that was selling litigation to consumers all across ... Read More »

            Discover Bank Debt Consolidation Offer Review

            Discover Debt Consolidation Offer 2

            Is your mailbox getting stuffed with offers from creditors? Here is a recent offer from Discover Bank that appears to be a debt consolidation loan to pay off debt. In order to help people better understand the offer, I’ll break it down for you below, page by page, and point out what I think are the important points. While the ... Read More »

              Consumers in Debt Starting to Default a Bit More

              process

              Data through December 2014, released by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, continued to show an increase in default rates. The national composite posted a default rate of 1.11% in December, up four basis points from November 2014. The first mortgage default rate rose ... Read More »

                Outlook Email Migration – Scam Alert

                scam email screen

                Beware of the following email being sent out that appears to come from an official government source. The email reads: “From: Cook, Bryant D Sent: Tuesday, January 27, 2015 2:18 PM To: Cook, Bryant D Subject: Help Desk Dear Email User, Please be prepared for all systems to be offline for maintenance today. We are currently Migrating your outlook account ... Read More »

                  UK Individual Voluntary Arrangements to Set Record

                  UK IVA

                  By Andrew Smith Last year I predicted it would be a record year for IVAs. There had already been more than 40,000 Individual Voluntary Arrangements, the most-used personal insolvency procedure in England and Wales, in the first nine months of the year and here at ClearDebt we were pretty confident the total for the year would top 50,000. Well, on ... Read More »

                    Pay Off Debt A Growing Canadian and U.S. Concern

                    Pay Off Debt searches in Canada

                    According to a HuffPo article, it seems our friends in Canada are beginning to worry a bit more about their personal debt levels. Data by Google shows the search term Pay Off Debt has been trending for Canadian searchers. From the looks of the chart though it is an on again, off again interest for Canadians who have hit a ... Read More »

                      Fake IRS Agents Fooling People Out of Money. Hang Up.

                      man terrifying woman

                      A friend recently got a call from someone posing as an IRS agent. The “agent” gave a badge number and said she owed money. There’s only one problem, it was all a scam. The Federal Trade Commission is reporting an exploding number of complaints are pouring in about calls from fake IRS agents that want you to send them money. ... Read More »

                        The Moral Hypocrisy of Avoiding Bankruptcy. It’s Good Enough for Your Church.

                        the truth smaller

                        Having lived through bankruptcy myself I find it very interesting to observe the camps of bankruptcy lovers and haters. Admittedly I was once in the avoid bankruptcy camp because I just wasn’t well prepared for the experience and didn’t have the right frame of mind. But recent news of the Catholic church filing bankruptcy yet again to deal with claims ... Read More »

                          To Coupon, or Not to Coupon. My Wallet Wants to Know.

                          Many Coupons With Scissors XXXL

                          To coupon, or not to coupon. They try to suck me in with all their buzz words. Double and triple coupons, points towards free gas, 2/$5 and 10/$10. It’s hard not to get lured in by the coupon pushers who want you to subscribe to their clipping service, or the desperate newspaper salesman trying to guarantee you will save more ... Read More »

                            Republican Senator Tells Hospitals to Stop Suing Poor People

                            It might not be right but it is what it is. Debt collectors and others know how to get you to do what they want by pushing your fear buttons. They do it because it works.

                            by Paul Kiel, ProPublica, and Chris Arnold, NPR, Jan. 22, 2015, 5 a.m. This story was co-published with NPR. Sen. Charles Grassley said nonprofit hospitals could be breaking the law when they sue poor patients over unpaid bills and issued a stern warning to one Missouri hospital that he hopes reverberates nationwide. Citing a ProPublica and NPR report, Grassley, R-Iowa, ... Read More »

                              FTC Reviews Credit Report Dispute Process and Reaches Conclusion

                              credit good

                              The Federal Trade Commission has issued a follow-up study of credit report accuracy that found most consumers who previously reported an unresolved error on one of their three major credit reports believe that at least one piece of disputed information on their report is still inaccurate. The congressionally mandated study is the sixth and final study on national credit report ... Read More »

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