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Court Bans Defendants from Mortgage Modification and Debt Relief Business

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At the request of the Federal Trade Commission, a federal court has imposed a court order with a $3.89 million judgment against defendant Samuel Paul Bain and three of his companies for their role in an allegedly fraudulent mortgage modification and foreclosure relief scheme. The court order also bans Bain and his firms from telemarketing, and from providing, or claiming ... Read More »

    Forget About Financial Literacy. What About Debt Illiteracy.

    For years there has been also sorts of chit-chat and discussion about how financial literacy will magical cure the woes and troubles of consumers and prevent them from getting into financial trouble. That’s just simply wrong. While financial education course may create more awareness on how to evaluate some financial products, that training is no good if it’s not applied. ... Read More »

      What is Chapter 7 Bankruptcy?

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      Bankruptcy is a procedure that gives an individual a fresh start financially and Chapter 7, also referred to as “straight bankruptcy” or liquidation is a bankruptcy provision that permits the debtor to be able to pay off their personal debts by selling their assets and then using their proceeds among their creditors thereby freeing one from their debts. A court ... Read More »

        Couple Banned from Telemarketing and Timeshare Resales

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        The Federal Trade Commission put the telemarketing and timeshare businesses off-limits to a south Florida couple who allegedly operated a deceptive telemarketing scheme that victimized property owners hoping to sell their timeshares. Pasquale Pappalardo and his wife, Lisa Tumminia-Pappalardo, agreed to settlements with the FTC that permanently ban them from telemarketing and engaging in timeshare resale services. The case against ... Read More »

          Anyone Surprised by This? Companies Claiming to Stop Auto Repossessions Smacked by FTC.

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          The Federal Trade Commission filed charges and requested that a U.S. district court put a stop to the allegedly deceptive tactics of two California-based auto loan modification operations. The FTC asserted that the two separate operations charged hundreds of dollars in up-front fees, based on bogus promises that they could reduce consumers’ monthly car loan payments and help avoid repossession ... Read More »

            Does CRS Financial Services Really Show a Fake Building?

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            In my roundup of ads on the internet I came across this one by CRS Financial Services on Craigslist. So let’s take a look if the statements are supported and what their website says. The first thing I noticed when visiting their website at crsfinancial.net was they have their physical address readily visible. That’s a good thing. They list it ... Read More »

              Is 720 Funding Really Offering Illegal Credit Repair and Bogus CPN Numbers?

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              As part of a look around the internet to see what credit and debt offers were about I found this ad for a company called 720 Funding at 720funding.com. That ad led me to their website where they offer what appears to be advanced fee credit repair packages with upfront fees of $5,500. Consumers should be very careful when engaging ... Read More »

                Ron Paul Reported to be Really Serious About Tracking Campaign Cash

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                by Kim Barker ProPublica This story was co-published with Yahoo! News. He may be in last place when it comes to delegates, but when it comes to filing expense reports with the FEC, Ron Paul beats everyone. His campaign’s hyper-vigilance is notable, verging on fanatical. Every bank fee, every 22 cents at a FedEx, every $1 toll on the Florida ... Read More »

                  Sarah Jane Cauffman, Esq. Joins the Friends and Protectors Team for GetOutOfDebt.org

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                  I’m pleased to announce that Pennsylvania consumer attorney Sarah Jane Cauffman has joined the fine team of lawyers around the country to help GetOutOfDebt.org to defend itself against the bad guys. This team of attorneys, which can be found here. Has agreed to provide free help and advice if the site or Myvesta Foundation is ever sued in their state. ... Read More »

                    Native American Tribal Indian Payday Loans Found to Be Operating Illegally

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                    The Federal Trade Commission has taken action against a payday lending operation that allegedly piled on undisclosed and inflated fees, and collected on loans illegally by threatening borrowers with arrest and lawsuits. The FTC has asked a federal court to stop the allegedly illegal business tactics while the agency pursues its case against the defendants. Like other payday lenders in ... Read More »

                      Cash Grant Scam Leads to Millions and Millions Paid to FTC

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                      Cash Grant Institute Called Consumers on the Do Not Call Registry, Promised Cash Grants That Didn’t Exist In response to charges by the Federal Trade Commission, a federal judge has ordered the defendants behind a deceptive robocall scheme to pay a total of $30 million in civil penalties and give up more than $1.1 million in ill-gotten gains for violations ... Read More »

                        What to Do When You Don’t Have Enough Money for Food

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                        Dear Dollar Stretcher, I only have a little money to spend on food this month, about $80 for a family of 4. What kind of meal suggestions can you give? Red Feeding a family of four on $80 is a challenge. But, for many families, it’s a reality. And, although it is hard, it is not impossible. Begin by checking ... Read More »

                          Matching Financial Tactics to Your Goals. Don’t Think Like a Race Car Driver.

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                          The other Saturday I went to the drag strip with some friends of mine. It’s an annual event for us. We’re a bunch of car enthusiasts who get to spend a day with some truly amazing equipment. For those of you who are not familiar with drag races, here’s a brief explanation. Each race is a two-car competition to see ... Read More »

                            Bankruptcy in Texas

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                            Bankruptcy entails a legal process, which involves either an individual or an organization that is experiencing financial troubles. Such proceedings are generally filed by the debtor. A successful execution of such a process eventually makes the debtor free from most outstanding payments and debts. However, if you are thinking to file for a bankruptcy, then you need to first go ... Read More »

                              Bankruptcy Questions

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                              Bankruptcy offers a legal blanket of protection to those who are overloaded with debt. This can be a fresh financial start. Many people choose bankruptcy as a method of easing stress and worry due to out of control finances. Below are some commonly asked bankruptcy questions and answers which you may find helpful. What is bankruptcy? Bankruptcy is a plan ... Read More »

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