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Attorney General Dustin McDaniel today filed lawsuits against five Florida-based companies accused of engaging in telemarketing tactics that violated multiple federal and state laws. The five lawsuits, filed in U.S. District Court in Little Rock, claim the defendants made automated, prerecorded calls to Arkansas consumers for the purpose of offering to reduce interest rates on credit cards. According to the ... Read More »

    Attorney General’s Office sues four foreclosure rescue companies

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    Indiana Attorney General Greg Zoeller will file four more lawsuits this week against mortgage rescue companies accused of scamming Indiana consumers out of thousands of dollars. These four lawsuits raise the total number of actions taken against foreclosure rescue companies to 95 since 2006. Strategic Alliance of California, National Financial Services of Texas, United Capital of Maryland and LA Strattan ... Read More »

      Claims of Fraud by Debt Relief Companies Soaring

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      Claims of debt fraud soaring Palm Beach Post,  United States - 2 hours ago As for her credit card debt , the company "made a couple of calls" and came back to her with a proposal to make a reduced, lump-sum payment of $5000 - an ... Read More »

        Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas

        Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this environment of credit card issuers reducing credit limits, raising interest rates and closing cards. You see, the credit card issuers are getting freaked ... Read More »

          Living (too) Large?

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          Living (too) large? Lancaster Newspapers, PA - 2 hours ago The average American household carries a credit card debt of more than $8000. According to The New York Times, as household debt has mounted, incomes have ... Read More »

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