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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 »

              Why Enrolling in a Credit Counseling Program Can Hurt Your Credit Score

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              I keep seeing information around the web by credit counseling companies saying that enrolling in a credit counseling program does not hurt your credit score. I believe the reason they say this is because the enrollment into the credit counseling program is not viewed as a negative entry in the calculation of the credit score. But the statement that placing ... Read More »

                Payday Lenders Get Consumers Tossed in Jail in St. Louis

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                Just when you though we were done with the foolishness of spending local government money to assist debt collectors, a loophole in Missouri allows creditors to have consumers tossed in jail. Now don’t get too worried, this is happening because people are missing court dates. But consumers are also being setup for this as well. The Bill of Rights in ... Read More »

                  World Law Debt Allegedly Sends Mailer That Leads to This Horrible Sales Call and Apple Law Group. Listen.

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                  A reader received the following mailer and was concerned about the promises made. You know, at some point, after years of covering these things it feels like it will never end. It’s just one deceptive and misleading mailer sent after another. I begrudgingly picked up the phone and called the number on the “Resolution Pending” mailer and it was answered ... Read More »

                    Here’s Why a 401(k) Loan to Pay Off Debt Can Cost You a Massive Amount in Retirement

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                    Over the years I’ve been asked time and time again about if a 401(k) loan is a good idea to take out to pay off debt. I typically say the same thing, in most cases it makes no sense to touch the money in the 401(k) that is protected from creditors if you can qualify for a chapter 7 bankruptcy. ... Read More »

                      Debtors to be Posted on Facebook to Shame Them Into Paying

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                      I’m sorry, this proposal by the city of Farmington, Mississippi seems so wrong. According to the local newspaper, the city is exploring the public shaming of debtors through presumably the city Facebook page, which by the way, blows. – Source The town apparently believes that even if the person named does not see the Facebook mention, others will see it ... Read More »

                        Upcoming Katie Couric Talk Show Looking for Financial Infidelity Guests

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                        Nationally Syndicated Talk Show is planning a show that will focus on financial infidelity. They are looking for a couple whose marriage is suffering because of one spouse over-spending or keeping the severity of their debt a secret. They are planning on doing a house call to this couple’s home with a famed relationship expert and offering them help from ... Read More »

                          This Could Explain Why Saen Higgins and His Wealth Without Risk Commercials Have Vanished

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                          The Federal Trade Commission has just announced a massive settlement granted by the U.S. district court in their action against John Beck’s Free & Clear Real Estate System, John Alexander’s Real Estate Riches in 14 Days, and Jeff Paul’s Shortcuts to Internet Millions. Higgins appears to be tied together with this lot through the close relationship with the underlying company ... Read More »

                            Ward Indicted for Fraud and and Identify Theft in Nationwide Foreclosure Rescue Scam

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                            Federal authorities have charged a former Los Angeles man with aggravated identity theft and having operated a foreclosure-rescue scam in Southern California and elsewhere that promised to postpone foreclosure sales for more than 800 distressed homeowners. Glen Alan Ward, 47, of Canada, was indicted today in the Central District of California on two counts of bankruptcy fraud, one count of ... Read More »

                              Reader Sends in Deceptive Debt Relief Official Looking Mailer That Leads to World Law Group

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                              Apparently the use of deceptive marketing mailers is still ongoing. A reader just sent in a copy of a mailer they received recently that appears to be an official government looking document promising some sort of official government debt relief. The reader also said, the mailer does not identify the company. Notice it has a government seal in the upper ... Read More »

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