Most of the “debt relief agencies” are scams. There is one organization that appears to be worthwhile – National Foundation of Consumer Credit Counseling, or www.NFCC.org.

Big Banks Profit by Falsely Reporting Bankrupt Debts

According to an article in the New York Times, Bank of America and JP Morgan Chase are finally agreeing to properly identify debts that were discharged in bankruptcy.  Related Post Big Banks Plead Guilty to Criminal Charges What is a Zombie Debt? Banks Are Subverting Bankru… New Round of Defaults of Mortgages in 2015 and […]

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Another Loan Workout Nightmare, plus Resources for Saving Your Home: Arizona

Yet another loan workout or modification scam.  I am disgusted by the number of calls we receive every week detailing a company or lawyer who takes someone’s hard earned money and fails to deliver on their promise to modify the home mortgage.

CFPB Launches Massive Lawsuit – Debt Collectors, Payment Processors and others

Why is this “ground breaking”?  This is the first time that payment processors are held to the same standard of responsibility as the debt collectors.  Related Post CFPB Proposed changes to our Mortgage Servicing Ru… Collection Fraud – You Cannot Be Arrested Fo… 20% of Consumers Have Credit Reporting Errors CFPB To Oversee Student Loan […]

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CFPB vs Morgan Drexen – fraudulent debt “relief” assistance

Consumer Financial Protection Bureau (CFPB)  filed its lawsuit in August 2013, against debt-relief services company Morgan Drexen.  The CFPB alleges, among other things, that  Morgan Drexen deceived consumers into paying unlawful up-front fees for debt relief services by disguising them as fees related to “sham” bankruptcy services. According to an article by Joanna M. Zdanys […]

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Increase in Credit Card Debt & Risky Home Loans

Related Post Foreclosure Are Down 25 Percent Credit Card Sold to Debt Collectors Quarterly Report on Household Debt & Credit

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Richard S. Berry, Why Pay a Lawyer, Pleads Guilty to Bankruptcy Fraud

Related Post Arizona Atty General Warns about another Mortgage … Short Sale and Foreclosure Frauds Continue Bankruptcy & Consumer Issues Bankruptcy and family size – Unfair treatmen… Consumer advisory: Don’t fall for a foreclosure re… BEWARE: Payday Loans and Deposit Advances

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Am I Responsible for My Deceased Spouse’s Pre-marriage Debts?

This area of law turns on specific facts.  It is almost impossible to give a single answer for what you may think is a simple question.  First, the law of the state where you live or lived may control.  Second, a prior marriage or debts taken out before the current marriage may affect the answer.  […]

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Increase in Vehicle Title Loans Disasterous for the Poor

Related Post When a Vehicle Loan Is the Tipping Point to Bankru…

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Stories From a Bankruptcy Attorney – the good, the bad and the moronic.

Related Post Richard S. Berry, Why Pay a Lawyer, Pleads Guilty … 8.5 Billion Foreclosure Settlement Mortgage Reaffirmation “Required” is B… Citigroup to Pay Fannie Mae $968M for Loans The Nightmare of Hiring the Wrong Attorney Based o… Judges Holding Banks Responsible – Tired of …

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CFPB Takes Action to End Student “Debt Relief” Scams

Related Post Debt Collectors Could Face New Rules Is Your College Offering Checking & Pre-paid … CFPB Takes Action Against Wells Fargo and Chase fo… Flagstar Bank to Pay Homeowners 27.5 Million For I… CFPB Issues Guidance on Housing Counselor Require… The Seamy World of Debt Collecting

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