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Nova Scotia, Canada Debt Settlement Protection Act

Nova Scotia has introduced the Debt Settlement Protection Act and it had the first reading on April 26, 2012. The act states: Be it enacted by the Governor and Assembly as follows: 1 This Act may be cited as the Debt Settlement Protection Act. 2 In this Act, (a) “agent” means a person employed, appointed or authorized by a debt ... Read More »

    Avoid $100 Rewards Certificate Text – Scam Alert


    The following information appears as a scam warning for consumers to avoid. A loyal reader sent in a tip about a spam text message that is going out. The message as you can see below is short on details and dubious. I’ve covered other similar messages in the past. The more troubling aspect of this message is that it prompts ... Read More »

      National Lottery UK Email – Scam Alert

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      The following information appears as a scam warning for consumers to avoid. The email below is going out in an effort to extract advanced fees from unsuspecting consumers who falsely believe they have won a lottery. It is a scam. From: National Lottery uk Subject: Congratulations!! Reply-To: National Lottery uk Tuesday 10th April, 2012 Saturday, April 7th, 2012 Lottery Result ... Read More »

        FDIC Takes Over Security Bank, North Lauderdale, Florida

        Ready to Collapse

        The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Security Bank National Association, North Lauderdale, Florida. As of March 31, 2012, the bank had approximately $101 million of total assets. The OCC acted after finding that the bank had experienced substantial dissipation of assets and earnings due to unsafe ... Read More »

          Texas Man Sentenced to Jail for Foreclosure Rescue Scam

          An Austin, Texas, man was sentenced yesterday in the Western District of Texas to 61 months in prison and was ordered to forfeit $84,010 for his role in operating a foreclosure-rescue scam in Southern California and elsewhere that charged distressed homeowners fees in exchange for fraudulently delaying foreclosure sales. Frederic Alan Gladle, 53, was sentenced by U.S. District Judge Lee ... Read More »

            Michael Smith, The Fund Manager of Fidelity Investment International – Scam Alert

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            The following information appears as a scam warning for consumers to avoid. The following email below is being sent to consumers in an effort to obtain money from them. The email is a fraud. I contacted the company and Peter Yandle, a spokesperson for Fidelity Worldwide Investments said, “Thank you for forwarding to me the scam email that you received ... Read More »

              ATM DEBIT Cash Card Payment Notification – Scam Alert

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              The following information appears as a scam warning for consumers to avoid. The following email is circulating and you should not respond to it. Warn others as well. It is an effort to get your personal information or require you to pay money. From: “Dr.Andrew Christian” To: undisclosed-recipients:; Subject: Your Immediate ATM DEBIT Cash Card Payment Notification Reply-To: [email protected] Dear ... Read More »

                Debt Relief Options – What In The World is Going On?

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                A couple of loyal readers sent me in tips about a recent press release by Debt Relief Options ( out of Frisco, Texas. Both readers wanted to point out the $100,000 sweepstakes Debt Relief Options was offering and one made the point Debt Relief Options appears to not be registered to do business in Texas, which is an interesting point ... Read More »

                  Alan Thicke Pushing Cambridge Life Solutions in Canada With Criticism

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                  A reader sent in yet another news video critical of Cambridge Life Solutions and spokesperson Alan Thicke “That’s forcing some consumers into the welcoming arms of firms promising to magically wipe away their debt. Chances are you’ve seen or heard Canadian actor Alan Thicke, delivering an energetic sales pitch encouraging those facing debt problems to take advantage of a “consumer ... Read More »

                    Check Your Social Security Benefits Online

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                    Nice little story out on the Public Citizen blog today that had a link to the new Social Security online portal to check your social security benefits. Apparently the Social Security Administration is not going to send out the paper statements any more but you can login to check on your benefits and salary history. The registration was a bit ... Read More »

                      Is Bankruptcy the Best Option for Us in the UK? – Hayley

                      “Dear Jon, Both me and my husband have always worked full time, we have three children and a house brought in 1999. In 2004 out financial situation changed which meant we could no longer afford to continue paying all of our loans/debts. We got into financial difficulty and had to stop paying some bill/debts in order to live. We have ... Read More »

                        Overdraft Fees On The Rise Warns Cambridge Credit Counseling

                        Ready to Collapse

                        From the kind folks over at Cambridge Credit Counseling comes this warning and advice about overdraft fees. “At one time or another, you may have had the misfortune of over-drafting your bank account. An overdraft occurs when you make a purchase or ATM transaction but don’t have enough money in your bank account to cover it. For a fee, anywhere ... Read More »

                          Debt Relief Law Center Attorney Takes Cash to Modify Mortgages and Gets Disbarred Instead

                          A Los Angeles attorney accused of misappropriating $1.1 million from 10 clients has agreed to be disbarred, the State Bar announced Wednesday. In one of the largest misappropriation cases ever handled by the Office of Chief Trial Counsel, Vafa Allan Khoshbin [bar# 165486], 52, had promised clients he could get their first mortgages modified and their second mortgages settled for ... Read More »

                            Canadians Warned Yet Again About Cambridge Life Solutions

                            Ready to Collapse

                            A reader sent in the following news video about Cambridge Life Solutions, an advanced fee debt settlement company in Canada. The station interviews the owner of Cambridge Life Solutions, George Fortune, and inserts the over the shoulder perp shot for dramatic impact. The news package includes bankruptcy trustees as well who speak out about the Cambridge Life Solutions advanced fee ... Read More »

                              Chapter 7 Bankruptcy – What is the Truth?

                              Chapter 7 Bankruptcy The Truth

                              So You Want to Know What is the Truth About Chapter 7 Bankruptcy I’m not afraid to be open with you so let me just come out and say, most of the bad things you’ve heard about chapter 7 bankruptcy are not factually correct. Most of the junk I’ve read online is designed more to steer you away from bankruptcy ... Read More »

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