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Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 1 – On Time with Payments

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This is part 1 of a 7 part series covering debt settlement advice for both the debt settlement industry and consumers. Throughout this series, we will be taking an in depth view into the various aspects of debt settlement, their best practices, and their effects on consumers. Our first topic is about… Part 1. Enrolling into a Debt Settlement Program ... Read More »

    If U.S. Court Bankruptcy Video Can Say Debt Settlement Is an Option, Why Can’t Credit Counseling?

    US Court Bankruptcy Video

    I was watching a video put out by the Federal Judiciary on the U.S. Courts site and was surprised when I saw they U.S. Courts listing debt settlement as an alternative to bankruptcy. The list also includes credit counseling, working with creditors (reduction in payments), and selling assets or debt consolidation loans to satisfy debts. What struck me is that ... Read More »

      Houston Couple Indicted in Debt Relief Scheme to Defraud Consumers

      Nathaniel Chilo, aka Nathaniel O’Neil, 22, and his girlfriend Savannah Rae Williams, 23, both of Houston, have been indicted for a scheme involving fraudulent representations about debt settlements reached with creditors and using for their own benefit the money wired to them to pay those settlements, United States Attorney Kenneth Magidson announced today. The nine-count indictment alleging conspiracy and wire ... Read More »

        Buying Scratch and Dent Appliances to Save Money

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        I’m looking to replace some appliances in my kitchen. Mine are old and on their last legs. The trouble is that I really can’t afford new appliances and I don’t want to put them on my credit card. I’ve heard that you can get great deals on ‘scratch and dent’ appliances. But, I don’t know where to look for them ... Read More »

          New Government Figures Show Unsecured Debt Dropping

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          The latest Federal Reserve statistics are out for April, 2012 which show consumer credit increased at an annual rate of 3 percent in April. Revolving credit decreased at an annual rate of 4-3/4 percent, while nonrevolving credit increased at an annual rate of 7 percent. This is not good news for debt relief providers that typically only address unsecured debt ... Read More »

            The Effect of Bankruptcy on Your Mortgage.

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            What most residential mortgage borrowers do not understand is the a bankruptcy only discharges personal debt. A bankruptcy will not eliminate a security interest in property. In reality, a bankruptcy discharge may have no effect whatsoever on a borrower in relation to the mortgage if the debt is a non-recourse debt. To truly understand the effect of bankruptcy discharge on ... Read More »

              I Want to Come Back to the UK But I Left Debt There. – Klair

              “Dear Jon, I have some debts in UK (around 5K). It has been 2.5 years, Since i have moved from UK to my home country due to some family reasons. since then i never heard of anything from any of my creditors in my home country. Now i want to come back to UK again, and i want to review ... Read More »

                FTC Halts Advanced Fee Credit Repair Scam Hargrave & Associates Financial Solutions

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                A U.S. district court granted a Federal Trade Commission request and has temporarily shut down a Florida-based operation that allegedly continued to pitch bogus credit-repair services nationwide, despite a 2010 court order requiring it to stop. The new court order, which will remain in place while the FTC seeks a contempt ruling against the defendants for violating the original order, ... Read More »

                  Foreclosure Victim Guide on How to Get Compensation You Are Entitled To

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                  by Paul Kiel ProPublica, If you’re a victim of banking abuses during the foreclosure crisis, the government says it’ll make sure you receive compensation from your bank. It’s a simple idea. But for victims, determining who’s eligible, how to apply, and when you might get a check in the mail isn’t simple at all. So we built a list of ... Read More »

                    FEDERAL COURT SHUTS DOWN CREDIT-REPAIR OPERATION

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                    Attorney General Dustin McDaniel announced today that a federal judge has shut down a Florida-based operation that offered bogus credit-repair services nationwide after the Attorney General’s Consumer Protection Division brought the company’s activities in Arkansas to the attention of federal authorities. Latrese and Kevin Hargrave and the companies they control are responsible for the rectangular red signs that dot Arkansas ... Read More »

                      Attorney General McGraw’s Settlement with Five Collection Agencies Nets $772K for WV Consumers

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                      West Virginia Attorney General Darrell McGraw today announced agreements with five out-of-state companies requiring them to pay a total $772,286 in refunds and cancelled debts to settle charges that they engaged in unlawful debt collection within the state. McGraw opened investigations of the companies after receiving complaints that four of them were not licensed in West Virginia and all five ... Read More »

                        Owe Debt in Ireland and Need to Go Bankrupt. Now There is a Way With the Help of IrishBankruptcyUK.com

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                        Ireland has always been a debt perplexity. They’ve never really had a good way of dealing with past due debt and allow people to get a fresh start. When I was over in the UK for two years I spent quite a bit of time working on the problem or debt in the Republic of Ireland. The good news is ... Read More »

                          National Distressed Asset Relief Program – DARP, It’s B.S. Watch Out.

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                          A hero reader with a debt relief company sent in a recent mailer for National Distressed Asset Relief Program they received on behalf of a client. The mailer fine print says it is somehow related to a law firm but makes no mention of the firm. The claims in the mailer give the recipient the impression they have just received ... Read More »

                            Filing for Personal Bankruptcy

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                            Filing bankruptcy can be scary. there is no other way around that. I should know, I filed personal bankruptcy in 1990. But just because it’s scary doesn’t mean it’s not the right thing to do. It just means that filing for personal bankruptcy is a unexpected process that most people have not properly investigated and they allow themselves to have ... Read More »

                              DDS Debt Defense Services Still Up to Old Tactics

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                              A reader sent me in an email Jason Pestritto sent out from a company called DDS, who I believe to be Debt Defense Services. This email came from the same Phoenix Marketing Managers that I raised issues about in “Debt Dispute: Phoenix Marketing Managers Claim to Offer Next Big Debt Relief Product – Debt Defense Services.” And while the service ... Read More »

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