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Consumer Debt Articles

Consumers Charged Illegal Student Loan Relief Fees to Get Some Scratch Back

Steve RhodeJul 7, 20232 min read
Is This Email Saying I Have Money Coming From Luxembourg and I Think This is a Scam?

This month, more than 7,100 people who were charged illegal advance fees by Timemark, Inc. to renegotiate, settle, reduce, or alter the terms of their…

OneMain to Pay $20 Million for Deceptive Sales Practices

Steve RhodeJun 5, 20234 min read
OneMain to Pay $20 Million for Deceptive Sales Practices

The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest…

Plastic Pandemic: US Credit Card Debt Surges Nearly 20% in Q1 2021!

Steve RhodeMay 12, 20231 min read
Plastic Pandemic: US Credit Card Debt Surges Nearly 20% in Q1 2021!

Is plastic growing rapidly out of control. Here is what you need to know. U.S. credit card debt has jumped nearly 20% in the first…

The IRS Resumes Collections Notices: What You Need to Know Before It’s Too Late

Steve RhodeMay 12, 20232 min read
Average person Not Prepared Anymore for Money Troubles

The Internal Revenue Service (IRS) has announced that it will resume issuing collections notices to taxpayers that were previously suspended during the COVID-19 pandemic. Here…

Over 615,000 Borrowers Receive $42 Billion in Debt Relief Through Public Service Loan Forgiveness Program

Steve RhodeMay 9, 20232 min read
Over 615,000 Borrowers Receive $42 Billion in Debt Relief Through Public Service Loan Forgiveness Program

The Public Service Loan Forgiveness (PSLF) program was established in 2007 to provide debt relief to nonprofit and government agency employees. The program’s goal was…

Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam

Steve RhodeMay 9, 20232 min read
Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam

In November 2022, the Federal Trade Commission (FTC) charged Sean Austin, John Steven Huffman, John Preston Thompson, and their affiliated companies with deceiving consumers by…

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