Latest Posts
Home > Debt Articles (page 81)

Debt Articles

Debt Collectors Banned for Life

Ready to Collapse

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

    Screen Shot 2012-03-12 at 3.34.36 PM

    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

      Screen Shot 2012-03-14 at 3.45.06 PM

      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

        Screen Shot 2012-03-14 at 3.33.02 PM

        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

          Ready to Collapse

          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?

              Screen Shot 2012-03-14 at 11.48.22 AM

              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

                Screen Shot 2012-03-12 at 9.51.54 AM

                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

                  Screen Shot 2012-03-11 at 12.04.52 PM

                  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

                      Ready to Collapse

                      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 »

                        California Attorneys Arrested and Booked for Taking Money From Consumer for Mortgage Help

                        Ready to Collapse

                        The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and California Attorney General Kamala D. Harris today announced the arrests of the owners and managing attorney of a law firm that took thousands of dollars in up-front loan modification fees for services that were never performed for homeowners, many of whom ended up losing their ... Read More »

                          Countrywide Emails Predicted Early Mortgage Collapse. Borrowers Set Up for Foreclosure.

                          Screen Shot 2012-03-08 at 11.44.02 AM

                          A reader and tipster (send in your tips here) has forwarded me a document which is alleged to be the emails and documents of Countrywide regarding the mortgage loans they were initiating. There are a number of foretelling and interesting statements contained in this document. One point in particular, after the pay option sub-prime loans exploded, is the statement about ... Read More »

                            Bankruptcy Attorney In Ballwin MO

                            Bankruptcy Attorney in Ballwin MO

                            Ballwin MO has an estimated population of just over 30,000 people as of the 2010 census. Like most of the country many residents here are hurting financially and looking for debt relief options. One local Ballwin business, Personal Credit Solution has created a unique approach to assisting local residents with over burdensome debts. Bankruptcy and Settlement and Counseling Oh My! ... Read More »

                              Mortgage Loan Fraud Reports Up Significantly

                              The Financial Crimes Enforcement Network has just released its Q3 2011 report on mortgage loan fraud. “As housing markets look to recover, criminals persist in their efforts to prey on struggling homeowners, while financial institutions continue to uncover apparent fraud as they work through their portfolios of earlier mortgages now in default,” said FinCEN Director James H. Freis, Jr. “FinCEN ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.