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Sameer Lakhany & Precision Law Center Halted by FTC

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At the request of the Federal Trade Commission, a U.S. district court has halted an operation that took in more than $1 million by allegedly selling homeowners bogus mortgage relief and foreclosure rescue products, including a scam that falsely promised to get help for homeowners who joined others to file so-called “mass joinder” lawsuits against their lenders. This is the ... Read More »

    TaxMasters Locks Doors, Files Bankruptcy. Another Tax Resolution Firm Hits the Skids.

    In the last year we’ve seen major tax resolution firms run into trouble, fold or fail. Between Ronnie Deutch, JK Harris, and now TaxMasters it’s been a bad year for the tax resolution debt relief business. Again it seemingly comes down to firms charging big advanced fees for services, spending the money, but not delivering on the services promised. This ... Read More »

      Saving Money is Important When Getting Out of Debt

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      Here is a video from Cambridge Credit Counseling that speaks directly about the need to save even when dealing with debt. I can’t stress it enough, how important it is to make saving a priority even before debt repayment. The last place you want to be is broke from spending through your savings but still in debt. It’s so refreshing ... Read More »

        Talk Credit Radio Interview With Gerri Detweiler

        Here is the recent interview I did with Gerri Detweiler on Talk Credit Radio. Listen to Talk Credit Radio Interview With Steve Rhode I had the pleasure recently to talk with Gerri Detweiler about a wide range of debt related issues and scams. We start out talking about identity theft, fake debt collectors, and then move into a wide range ... Read More »

          Debt Collectors Banned for Life

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          Two men who worked for an allegedly abusive and deceptive debt collection operation will be banned from the business as part of settlements reached with the Federal Trade Commission. The settlement orders against the two employees of the debt collection firm doing business as Rumson, Bolling & Associates are part of the FTC’s efforts against illegal debt collection practices. The ... Read More »

            Debt Relief Companies of Tim Gibbons and Jennifer Yoffe Not What They Seem

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            National Employee Benefits Group and United Employee Benefits Group are debt relief companies I’ve written about before, here and here. They’ve both been sending out questionable marketing material, appearing to be sanctioned to offer people questionable debt relief services. In fact they have been allegedly sending out this unsolicited fax tipster (send in your tips here) sent in recently. The ... Read More »

              Brookstone Law Mass Tort Solicitation Mailer

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              A reader has sent in a mailer by Brookstone Law titled “Notice Regarding Mass Tort Litigation Lawsuits.” The mailer claims that potential claims made against lenders by consumers participating are: Fraudulent Mortgage Note Origination Fraudulent Concealment and Misrepresentation at Time of Origination Patriot Act Violations/Unlawful Funding of Note Improper Securitization of Loan/Note Improper Assignment of Mortgage/Deed of Trust/MERS Breach of ... Read More »

                Consumers Get No Money in Persels & Associates / CareOne Settlement

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                Thanks to a tipster (send in your tips here), I found out the Middle District Court of Florida court has ruled in the settlement offer proposed in Miranda Day v. Persels & Associates, 3C, CareOne Credit Counseling, Freedom Point, Ascend One, Ruther & Associates, Jimmy Persels, Robyn Freedman, Bernaldo Dancel. The settlement offer had been heralded as a disservice to ... Read More »

                  FTC Burns BurnLounge as Pyramid Scheme

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                  At the request of the Federal Trade Commission, a U.S. district court judge has ordered the operators and top promoters of a deceptive pyramid scheme to pay a total of $17 million to refund consumers who were burned by the scam. The court order permanently halts marketing methods used by the operation known as BurnLounge, which lured more than 56,000 ... Read More »

                    Precision Law Center Disappearance Solved. FTC Took Action.

                    Thanks to a tipster (send in your tips here) the mystery about what happened to Precision Law Center is not solved. According to the Precision Law Receivership site: On March 5, 2012, the Federal Trade Commission filed an action against Defendants Sameer Lakhany, The Credit Chop, LLC, Fidelity Legal Services LLC, Titanium Realty Inc., Precision Law Center, Inc., and Precision ... Read More »

                      Who is All State National?

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                      A reader just posted the following comment. Alliance 8 /Freedom Fidelity management has now morphed into Allstate National. How the state of California permits these people to continue scamming honest folk out of their hard earned money is beyond me. STAY AWAY and for those victims continue to write and inform the public about these low life scums that are ... Read More »

                        Doomsday Preppers: The Financial Guide to Survive The End of the World as We Know It

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                        Maybe you’ve seen some of the new television shows about doomsday preppers. It got me thinking about what you’d need to do about your financial life following the end of the world as we know it. It seems simple enough to plan for uncertain times following a global meltdown. With the right equipment and supplies you could be prepared to ... Read More »

                          Scammer Guard Winds Up Knowing the Wrong End of the Attorney General

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                          The Florida Attorney General’s office settled charges it had levied against a South Florida scam protection company, Scammer Guard. The Attorney General had claimed Scammer Guard had misled consumers by claiming to have ties with government agencies. Under the settlement, Scammer Guard will no longer represent it has any affiliation with government agencies. But it appears Scammer Guard is still ... Read More »

                            St Louis Bankruptcy Attorney

                            St Louis Bankruptcy Attorney

                            Most Missouri consumers are very reluctant to speak with a St. Louis bankruptcy attorney about their financial issues. Why? I don’t really have a good answer to that question except for it likely has something to do with the fact that many of the alternative debt relief programs have done a great job scaring consumers about the prospect of filing for ... Read More »

                              Government Debt Settlement Fund to Release People From Jail Over Debts

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                              Previously I published information about the new government sponsored debt settlement fund in the United Arab Emirates. New information has come to light that will be very helpful for people currently being held in jail because of financial problems. GulfNews.com is reporting: The initiative aims to settle the personal loans of less than Dh1 million for UAE citizens who are ... Read More »

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