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They Loan You Money. Then They Get A Warrant For Your Arrest.

Cecila Avila was finishing a work shift at a Walmart. David Gordon was at church. Darrell Reese was watching his granddaughter at home. Jessica Albritton had pulled into the parking lot at her job, where she packed and shipped bike parts. All four were arrested by an armed constable, handcuffed and booked into jail. They … Read more

Which Company Should I Use for a Low Rate Debt Consolidation Loan?

Question: Dear Steve, I have a credit card debt of $11,000 and I would like to get a loan to pay off my debt and make one lower payment for the loan Which company or lender should I use for that loan that offers low rate interest? Carmen Answer: Dear Carmen, That is kind of … Read more

321Financial and 321 Loans – Contract Review and Disapointing Radio Silence

Information has been pouring in about companies in Florida and specifically about companies associated with Jeremy Marcus. People are using my tipster (send in your tips here) form to send information in. Recently I wrote about a company named Omni Management Partners and as part of that agreement was an agreement for the credit repair … Read more

California Payment Processing Company Owner Pleads Guilty to Fraud

The owner and operator of a payment processing company that was involved in the unauthorized withdrawal of millions of dollars from consumers’ bank accounts pleaded guilty to fraud, the Justice Department announced today. Neil Godfrey, 76, of Santa Ana, California, pleaded guilty to a one-count information charging him with wire fraud in the Eastern District … Read more

New Rescue One Financial Loan Offer Letter Still Raises Concerns

Rescue One Financial has been sending out what I feel to be a problematic mailer offering consumers loans but consumers report being switched into debt settlement programs with Freedom Debt Relief instead. That has concerned me since it sure seems like a bait and switch effort to tell people they are going to get loans … Read more

I Don’t Want to be Ripped Off by Statefund Solutions. – Jessica

“Dear Steve, I live in Kentucky and I’m trying to find out if statefund solutions is a real company. They are offering me a loan but I don’t want to be ripped off again. Jessica” Dear Jessica, All of my comments below are in relations to Statefund Solutions at statefundsolutions.net. They claim to be located … Read more

You Are Cordially Invited To The FTC’s Road Ahead Roundtable

Today, the Federal Trade Commission will host the third in a series of roundtables around the country to gather information on consumers’ experiences in the leasing of motor vehicles at dealerships. The roundtable also will address what has been learned about auto sales, financing and leasing at all of the roundtables; what consumer and business … Read more

Advanced Fee Loan Scams Appear to Flourish

A reader just submitted a scam report on a company called Manchester Capital Trust. The consumer noticed that there were some similarities between the website of Manchester Capital Trust and a previously uncovered advanced fee loan scam site of Bellview Financial Group. The submitter is correct. The two sites did use a substantial amount of … Read more

Treasury Reports An 88 Percent Increase In Mortgage-Fraud Since 2010

Banks are re-examining loans that took place during the housing boom and are now finding problems which has resulted in a large jump of reported mortgage-fraud. Reports are showing an 88 percent jump in the second quarter according to the Treasury Department. “Most of the mortgages suspected of fraud closed during the height of the … Read more