Do You Charge Clients Small Fees for Services? Time to Evaluate Them.

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The Federal Trade Commission announced today that it is exploring a rule to crack down on junk fees proliferating throughout the economy. Junk fees are unnecessary, unavoidable, or surprise charges that inflate costs while adding little to no value. Consumers can get hit with junk fees at any stage of the purchase or payment process. …

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Debt Relief Companies Might Want to Scrub Public Reviews Right Away

white horse wearing black leather zip up jacket

It appears the Federal Trade Commission is preparing to target fake reviews. I’ve seen my share on many debt relief sites, so this would be an excellent time to look at what your site might say. The Federal Trade Commission announced today it is exploring a potential rule to combat deceptive or unfair review and …

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An Interesting Lawsuit Over the Statute of Limitations and Credit Reports

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A consumer, Larson, filed a lawsuit against Nationwide Credit and Collection. I scan through a lot of consumer actions every day, but this one caught my eye. It is a good example of why consumers need to be educated and smarter than some debt collectors to recognize problems. In this case, it is alleged that …

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I Tried to do the Right Thing With My Private Loans and Was Sued Instead

Question: Dear Steve, I went to a for-profit school, over 10 years ago and in the process took out private loans. Since then, I have been contacted by a debt collector who I wasn’t aware I did not have to pay (the debt was over 10 years old and was beyond the statute of limitations). …

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Can I Get the Loan Lawsuit Against Me Reversed Because I Was Never Served?

Question: Dear Steve, Had a company that I took out a loan for (Kabbage). That company went under. I never paid back the loan. I recently (last year but found out 2 months ago) that I was sued. I never received anything stating that I was getting sued. I recently revived a letter from this …

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California Stands Up for Consumers – Again

Criticize California all you want but recent changes in California law actually does something people across the country think is common sense and needed. A bill in California legislature, (AB 1526) awaiting the signature of Governor Brown would go into effect on January 1, 2019. This new law will protect consumers from the collection of …

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I Got Sued Over An Old Debt and Lost on My Statute of Limitations Argument

Question: Dear Steve, I live in Ct. I opened a credit card account here. I had a medical emergency and defaulted on the loan. The last payment received was on 10/05/11. The loan was charged off by the Banking Entity Headquartered in Delaware and purchased on by a Debt Buyer/collection agency headquartered in NY. The …

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Public Service Loan Forgiveness Program Teters With Unmitigated Disaster

The Department of Education since 2007 has promoted the Public Service Loan Forgiveness Program. I’d certainly mentioned it a lot here and here. A very interesting lawsuit was filed by the American Bar Association in December 2016. The issue raised isn’t an Obama or Trump administration thing but the view of the Department of Education …

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When the Statute of Limitation is Shorter Than You Think Will Surprise You

Question: Dear Steve, Not a question, just a fyi about Ohio Supreme Court case from 2016, Taylor v. First Resolution Investment Corporation. SLIP OPINION NO. 2016-OHIO-3444. This case has 5 important components for CC holders in Ohio: 1. The SOL of CC debt is NOT reset when a debtor makes an agreement to restart or …

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