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Former Bank President Sentenced to 6 Years in Club Fed

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The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the Middle District of Florida Robert E. O’Neill today announced that United States District Judge Charlene Edwards Honeywell yesterday sentenced Jerry J. Williams (52, Fort Worth, Texas), former President, Chief Executive Officer, and Chairman of the Board of Directors of Orion ... Read More »

    Forensic Mortgage Loan Audit Scam Kicked in Nuts by FTC

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    At the request of the Federal Trade Commission, a U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages. The complaint was filed against Consumer Advocates Group, Paramount Asset Management Corp, National Financial ... Read More »

      Tax Scammers Target Military Members for Identity Theft

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      Spread the word, scammers are targeting military members with new scam using .mil email addresses. The IRS is reporting taxpayers should be on the lookout for a new, email-based phishing scam now circulating that targets Department of Defense military members, retirees and civilian employees. The email appears to come from Defense Finance and Accounting Services and displays a .mil email ... Read More »

        Are Primerica Representatives Really Ready to Properly Sell Debt Management or Debt Settlement?

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        With the recent announcement that Primerica representatives are going to start promoting debt relief services it’s just got to open a whole new can of “what not to do” and pour it on consumers. Primercia representatives that sell investment and insurance have to take a whole series of exams to become licensed to sell those products. But what they don’t ... Read More »

          You’re Getting Poorer. Why Debt is the Least of Your Concerns.

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          New government data out from the Federal Reserve in their triannual survey of American families paints a bleak and dark picture of the state of finances of all of us. It’s no wonder why people are looking for less debt help these days. It seems they are financially down and out like they haven’t been in a couple of decades. ... Read More »

            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 »


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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 »

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