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Tax Refund Check Cashing Scheme Hits Southern Florida

As tax season rolls around it’s no surprise to see tax refund check cashing schemes arising in the news. Announced Monday was the filing of a criminal Information charging defendants Wilson Lau, and his wife, Kate Yuee Lau, for their participation in a check cashing scheme involving more than $5 million in fraudulently obtained tax … Read more

Holy Fraud, Batman! Literally…

Yesterday, an Ohio resident was indicted for allegedly engaging in a fraud scheme that promised to fund more than $500 million in mortgage loans to around 20 churches and a dozen small businesses across the country. The man, Jamal Lawson, fraudulently obtained more than $300,000 in advance fees that he used for personal expenses instead … Read more

BBB Warns Of Unapproved Funds Directly Withdrawn By Funds Direct

Yesterday the Better Business Bureau (BBB) put put a warning of an “instant cash” Las Vegas company, Funds Direct, that are allegedly debiting consumer’s accounts $30 without authorization. Complaints filed by consumers are saying that their accounts are having direct withdrawals taken but that they have never had any contact or even heard of Funds … Read more

Deceitful Debt Relief And Mortgage Operation Shut Down

A United State district court has shut down two related operations who apparently failed to provide promised debt relief services and jeopardized clients’ privacy by at the Federal Trade Commission (FTC)’s request. Apparently one firm charged consumers a $1,495 up front fee for a mortgage relief assistance program that was never given as well as … Read more

Should I Hire All State Law Group to Modify My Bank of America Mortgage? – Charles

“Dear Andy, Tried twice to to get a modification with BOA with no success,have ask a law firm to help, but cant find any info on the firm Should I retain this law firm from calif. THEY WHAT THREE PAYMENTS ONE TO START, THEN ONE IN THE MIDDLE AND THE REST AT THE END. 1500-1000-500. … Read more

Thank You For Your Compassionate Help You Provide Others. – Barbara

“Steve, Thank you for the compassionate help you provide to your readers. Your extensive knowledge of financial matters and the integrity and honesty with which you answer readers, telling it like it is with no beating around the bush, is a rare commodity. Keep up the good work! I have read your website extensively and … Read more

It’s Banks vs. Families, Who Will Come Out on Top? Q&A With Elizabeth Warren | Green Day | Fast Company

Here is an interesting excerpt from an interview with Elizabeth Warren, Esq. FC: I understand that at one point you pursued an entrepreneurial path to reform the consumer financial products market. EW: The short version is that I studied the economics of the middle class and I began to see that credit products were becoming … Read more

Lorena is Worried That Having Multiple Banks Accounts Will Hurt Her Credit

Lorena “Dear Steve, I have three bank accounts. Does opening more than one bank account affects my credit score? What can I do to fix this? Lorena” Dear Lorena, I am not aware of any reason why having multiple bank accounts would negatively impact your credit score or credit report at all as long as … Read more