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Fake Attorney Load Modification Schmuckler Pleads Guilty

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Howard R. Shmuckler, 68, of Virginia Beach, Va., today pled guilty to running a fraudulent mortgage modification business that received substantial fees but actually modified clients’ mortgages in only a few cases. Christy Romero, Special Inspector General for the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Neil H. MacBride, United States Attorney for the ... Read More »

    Bankruptcy Means Test


    In case you find yourself deep into debts, filing for bankruptcy could be one of the best options to consider and especially if you know that you cannot be able to repay your debts on time. There are various things that one should understand however before filing for the process as this will help you understand your position as far ... Read More »

      Foreclosure in America. The All Too Common Story of How Dreams Turn to Dirt.

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      by Paul Kiel ProPublica Sheila Ramos’ grandsons, 10 and 13, started crying. They wanted to know where the house was. There wasn’t one. There was only a tent. They had flown from Florida, after Ramos had fallen hopelessly behind on the mortgage for her three-bedroom home, to this family-owned patch of rural land on Hawaii’s Big Island. There, on a ... Read More »

        Consumer Affairs Law Center and Consumer Affairs Processing Center Take Over Legal Helpers Debt Resolution Account

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        Yesterday I wrote about a consumer that contacted me and said Legal Helpers Debt Resolution contacted them after terminating all the LHDR affiliates and told her LHDR would be transiting their account to Consumer Affairs Law Center. I asked the consumer to send me the form to look at and after reviewing it I’m entirely puzzled why since she is ... Read More »

          Legal Helpers Debt Resolution Account Being Sent to Consumer Affairs Law Center

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          A reader has just let me know that their account with Legal Helpers Debt Resolution is being sent to Consumer Affairs Law Center. This is intriguing considering the mass termination of affiliates on March 30, 2012 from Legal Helpers Debt Resolution. If the notification is true, it appears Legal Helpers is taking client accounts and thus income away from non-attorney ... Read More »

            Say Good-Bye to Tax Refund Loans.


            Tax refund loans or tax refund anticipation loans as they were known, were always a stinker. People would pay tax preparers a lot in fees just to get their refund a little sooner. But those days are thankfully on the way out. This excellent article in the Washington Post explains how the loans grew and fell in a need for ... Read More »

              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?


                  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.


                      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 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 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

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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 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 »

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