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California Loan Modification Group, Owners and Manager, Hit With Millions in Loan Modification Scam

A final judgement was handed down in California against Statewide Financial Group, Hakimullah Sarpas, Zulmai Nazarzi, Sharon Fasela, aka Fasela Sheren. The July 23, 2012 decision stated all consumers who paid USHA and/or WeBeatAllRates.com from January 1, 2008 to July 14, 2009 will be contacted and offered full restitution. Restitution will be up to $2,047,041. The judge stated the owners, ... Read More »

    Holy Crap – UK Consumer Loans Double Overnight

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    It what can only be explained as a desperate attempt for UK residents to stay afloat using borrowed money, new figures out show a very disturbing trend in the amount of loans and overdrafts. According to statistics from the Bank of England, unsecured consumer lending on loans and overdrafts doubled from £379 million in April to £732 million in May. ... Read More »

      I’m Worried About Being Stopped at the UK Border for an Old Debt. – David

      “Dear Jon, My situation is this,im a uk citizen but live abroad for most of my life,i went back to the uk on 2005 and stayed there until 2008 within that time i opened a couple of credit cards and a samll loan ,in 2008 i had to leave the uk and nevesr repayed the credit card,loan or mobile phone ... Read More »

        Lloyd Ward & Associates and Meracord Hit With RICO Class Action Suit Apparently Open to All Clients

        Yesterday the law firm of Hagens Berman filed a class action suit (3:12-cv-05657) in the State of Washington against Meracord (Formerly NoteWorld), Linda Remsberg personally, Lloyd E. Ward, Lloyd Ward PC, Lloyd Ward & Associates, The Lloyd Ward Group, Lloyd Ward Group II, Ward Holdings Inc, and Settlement Compliance Commission. This marks the second active class action suit against Lloyd ... Read More »

          Do These Sexy Chick Pics Help Make Reading About Financial Literacy More Attractive?

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          Sex sells, I think we can agree on that, so can it also help attract people to learn more about financial literacy and money topics? At least that’s what I wondered years ago. After all, what can make a boring subject the least bit attractive for those that would otherwise almost never venture into a subject they could care less ... Read More »

            I Declared Myself Bankrupt in the UK But Worried About Charge Against My House. – Hayley

            “Dear Jon, I have recently declared myself bankrupt and this was all agreed and I have an official receiver whom I am providing information to, old banks statements, credit reports and personal information about my working life and why I got into debt. However before I was declared bankrupt I had a loan where the company would not agree a ... Read More »

              Chase Bank Settles for Millions in Jacked Up Minimum Payment Case

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              JPMorgan has agreed to pay $100 million to dispose of a suit filed alleging that Chase Bank jacked up the minimum payments due on credit cards, improperly. The $100 million settlement is 45 percent of the $220 million in alleged up-front transactional fees that consumers paid for the promotional balance transfer loans. The suit alleges Chase Bank wanted consumers to ... Read More »

                Lawyers Screwed by Deceptive Hiring Rates While Hooked and Buried in Student Loan Debt

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                Wouldn’t being a doctor or lawyer be nice to just rake in the dough? Well not so fast. When it comes to lawyers making a killing after law school, new data out paints a different picture. For a long time law schools had promoted how many graduates were employed after graduating. These figures gave incoming students a false impression the ... Read More »

                  Symphony Files Chapter 7 Bankruptcy for Creditor Protection

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                  The Napa Valley Register is reporting the Napa Valley Symphony Association has recently filed for chapter 7 bankruptcy protection. The quote by the president of the board certainly sounds similar to that felt by many people facing equally dark times. “It’s not something we did lightly,” said Michael Enfield, president of the board of the association. “But sometimes when you’re ... Read More »

                    California Mortgage Modification Operators and Sales Rep Sentenced

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                    Three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a mortgage loan modification scam were sentenced Friday in federal court in San Diego. United States District Court Judge Anthony J. Battaglia sentenced Ziad Nabil Mohammed Al Saffar to serve 21 months in federal prison and Sara Beth Bushore Rosengrant to serve 12 ... Read More »

                      Student Loan Disability Discharge Process Improved

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                      Sasha Chavkin, Special to ProPublica The Education Department proposed new rules on Tuesday to revamp its troubled program for forgiving the federal student loans of borrowers who become disabled. The new regulations came after an investigation last year by ProPublica found that the department’s dysfunctional system for evaluating disability was keeping many genuinely disabled borrowers buried in student debt. Under ... Read More »

                        Suicide Over Student Loans. Tragic But Understandable.

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                        It seems more people are contacting me these days who look at suicide as a way out of primarily private student loan debt. I’m sure you have the same visceral reaction as I do and feel everyone needs to be talked off the ledge. But in the hard light of day, considering suicide as a way to deal with student ... Read More »

                          Idahoans Can Apply for Refunds from Vehicle Service Contract Seller

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                          Idaho consumers who bought vehicle service contracts from Missouri-based US Fidelis may receive refunds, Attorney General Lawrence Wasden announced. Wasden and 11 other state attorneys general reached an agreement with US Fidelis, a vehicle service contract dealer that routinely misled consumers before shutting down and filing for bankruptcy in 2010. The agreement, which has been approved by the bankruptcy court, ... Read More »

                            Reducing Foreclosure Risks for Those Facing a Property Tax Lien

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                            The home mortgage crisis has received a lot of attention over the last few years. This has led to various efforts to preserve homeownership, including the creation of foreclosure mitigation programs through federal legislation as well as other local and state efforts. However, another threat to homeownership that should also be given careful consideration today is foreclosure as a result ... Read More »

                              Relay Rides – Really Cool Way to Make Some Extra Money With Extra Car Sharing

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                              An article about the new feature of Realy Rides really intrigued me. Starting soon owners of GM vehicles with Onstar will be able to remotely rent out their cars by the hour using a smartphone app. Rely Rides launched in 2010 but has been spreading it’s wings across the country. And now that the investment division of General Motors has ... Read More »

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