Frightening Calls From Fake Debt Collectors Threaten People With Jail for Payday Loans. It’s a Scam.

Phantom phony debt collectors with Indian accents are calling people trying to scare them into paying debts that are not theirs. Some of the company names they use are American Credit Services, TAC Evolution, Allied Financial Services, CashNetUSA, Sonic Bank, Sonic CashNet, CashLand, and Cash America. If you know of others, please add them in …

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NASCAR Ponzi Scam Nabs Drivers

“Basically, the Ponzi scheme made investors believe that they could get them a guaranteed return on their investment up to 40.8 percent and they got them to invest their money and then used their money for their own personal gain. Our investigation is still in the process of collecting evidence and sorting through the different …

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Credit Card Interest Rate Reduction Scam Closed

At the request of the Federal Trade Commission, a U.S. district court judge has imposed a telemarketing ban on a Canadian operation that targeted U.S. consumers with false claims that it could reduce their credit card interest rates. The court entered a permanent injunction that puts the defendants out of the telemarketing business and also …

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Christian Credit Counselor Tells Us to Go to CCCS or Debt Settlement Instead. – Shelly

Shelly “Dear Steve, I lost my job in 2005 and for a year and a half, we lived on one income (with a little extra from my part time jobs) on a two income budget. We used credit cards to help us during this time. Although I am now working full time, all we manage …

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I Panicked and Called a Debt Reduction Company. I’m Afraid I’ve Walked Into a Scam. – Megan

Megan “Dear Steve, My husband and I currently have around 10-12,000 in credit card debt and medical bills. About 2 years ago, after our 2nd child was born we became unable to make the minimum payments on the credit cards (about 10 different credit cards) and we have also been unable to pay the medical …

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Government Handing Out Secret Bailout Money to Pay Off Credit Card Debts

This information is for all the people who keep emailing me about the “secret Obama backed bailout plan for free government money to pay off credit card debts.” You win and I’ll tell all. I’m not sure who let this rumor out of the bag but if I find them I’d have a very stern …

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