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Government Goes After Student Loan Assistance Companies

The Consumer Financial Protection Bureau (CFPB) has taken action against some student loan assistance companies that are selling programs to consumers saying they can offer great benefits to those with student loans. The CFPB went so far as to say they “took action to put an end to two student “debt relief” scams that illegally tricked borrowers into paying upfront ... Read More »

    FTC Shuts Down Scads of Phony Mortgage Relief Scammers

    Stop Countrywide Mortgage Abuse

    The Federal Trade Commission has announced a federal court has entered orders against 22 defendants who offered financially strapped consumers fake home-loan modification services that the FTC claims violated the FTC Act and the Mortgage Assistance Relief Services (MARS) Rule. The MARS Rule bans mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer ... Read More »

      Do I Need to Leave My Boyfriend Because of His Debt?

      process

      “Dear Steve, Where do I begin…. Well first this question is about my boyfriend more so than me. My boyfriend just turned 34 and I am about to be 27. When I met him he had just been laid off from his sales job in 2011. He had to move out of his apartment and move in with a friend. ... Read More »

        Michael Lupolover Gets His Comeupance. Now it Makes Sense.

        Portrait scary monster clown

        The Consumer Financial Protection Bureau recently ended a debt settlement case they pursued with a prison sentence for the lawyer owner of that company, click here. But what was a bit of a mystery in that case was how Michael Lupolover, an attorney, and Premier Consulting Group, who were originally named in the case and then were not part of ... Read More »

          Reader Expresses Concern Over Spire Law Group Going POOF!

          Screen Shot 2014-12-02 at 10.17.09 AM

          I received the following tip from a reader, send your tips in here. Apparently Spire Law Group has finally fully imploded. The reader says, “Spire Law is closed down( Aug 2014) leaving all their clients holding the bag. The Abeel v Bank of America lawsuit was dismissed. As a way to keep their clients at bay, Spire Law came up ... Read More »

            Rescue One Financial Still Sending Unsecured Personal Loan Mailers

            rescue_one__front

            An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. I’ve covered Rescue One mailers before and it elicited an alleged former employee to speak out. See this link. My previous coverage even wound up with a rather dubious event, the appearance that Rescue One was potentially involved, directly or indirectly, in paying ... Read More »

              What I Learned as an Attorney From Discharging Student Loans in Bankruptcy

              Fight Back - Red Button

              I asked attorney Lindsay Smith for some feedback to share with you about her experiences in representing consumers against student loan companies. 1) What did you learn from defending a recent consumer against a student loan company? I learned: a) Not to assume that all student loans are “next to impossible” to discharge in bankruptcy absent showing a hardship discharge; ... Read More »

                Creditors Concourse Trust – Crazy Times

                Senior couple at home focusing on angry man

                A reader wanted me to look at the website of a company called Creditors Concourse Trust at cctrusts.net. After looking at the site, I can see why. The site claims to be able to negotiate better terms with creditors by creating a trust which provides collateral security for the creditors in hopes to “obtain lower interest rates and longer periods ... Read More »

                  Debt Settlement CEO Goes to Jail. Industry Goes to Denial.

                  mans hands behind bars in jail or prison

                  Recently attorney Michael Livitis, the CEO of Mission Settlement Agency, was sentenced to nine years in jail. His co-defendants, Denis Kuryland, Boris Schulman, and Manuel Cruz pled guilty as well. This case wasn’t an unusual outlier. From all outward appearances it was your run of the mill attorney model debt settlement agency that made promises, would not give refunds, and ... Read More »

                    How The Advocacy For Consumer Rights Helps Consumers

                    Magnifying Glass - Q&A

                    Recently, Leyton Ward and I, who used to be in a tussle with, had a chance to sit down together and meet. He was gracious to share what TAFCR does and why most people don’t understand it. After spending time with Leyton I will admit what he tries to do to help consumers with mortgage problems, sounds unique. Q. So ... Read More »

                      What I Learned from Leyton Ward at The Advocacy for Consumer Rights

                      Clapping Business People

                      Yesterday Leyton Ward and I finally did what we probably should have done two years ago, and sat down together over a great lunch and just talked. You see for what feels like the last two years Leyton and I had been in, well, basically a pissing contest. I do owe Leyton a big hat tip for flying to Raleigh ... Read More »

                        CFPB Pulls DriveTime Over and Slaps Them

                        cfpb

                        The Consumer Financial Protection Bureau (CFPB) today took its first action against a “buy-here, pay-here” car dealer. The dealer, DriveTime, harmed consumers by making harassing debt collection calls and providing inaccurate credit information to credit reporting agencies. DriveTime must pay $8,000,000 as a civil money penalty, end its unfair debt collection tactics, fix its credit reporting practices, and arrange for ... Read More »

                          FTC Stops Free Credit Score Bullshit

                          ftc

                          The Federal Trade Commission has stopped an online scheme that allegedly lured consumers with “free” access to their credit scores and then billed them a recurring fee of $29.95 per month for a credit monitoring program they never ordered. The three companies have agreed to pay $22 million for consumer refunds under a settlement with the FTC and the state ... Read More »

                            HDRP Approval Department Mailer

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                            An amazing reader, Roger, sent in a new debt relief mailer through my I Buy Junk Mail program. This mailer is nearly identical to another one I covered here. The only differences are the name on the outside of the mailers, from HDRP Funding Department to HDRP Approval Department, and the phone number. The postal permit is 507 out of ... Read More »

                              Top 10 Reasons You Should Stop Paying Your Unaffordable Private Student Loan

                              What I most want you to do when facing bankruptcy is to stop assuming or reacting emotionally and start thinking logically.

                              Right now if you have federal student loans there are good options to help lower or eliminate your monthly payment. To see those options, click here. But what about when your private student loan lender won’t work with you. What are your options? Well one of the options is to stop making payments on that unaffordable student loan. If the ... Read More »

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