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 Takes Action Against Wells Fargo and Chase fo… CFPB Takes Action to End Student “Debt Relief” Sca… Collection Fraud – You Cannot Be Arrested Fo… 47% of […]

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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 Quarterly Report on Household Debt & Credit Credit Card Sold to Debt Collectors

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

Related Post Short Sale and Foreclosure Frauds Continue Another Non-Profit Scheme to Steal Homes Richard S. Berry aka Why Pay a Lawyer – indi… CFPB vs Morgan Drexen – fraudulent debt &#82… Arizona Atty General Warns about another Mortgage … Judges Holding Banks Responsible – Tired of …

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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 Bankruptcy & Consumer Issues CFPB Launches Massive Lawsuit – Debt Collect… Student Loans – CFPB Helping Deal with Finan… Quarterly Report on Household Debt & Credit Too Poor to File Bankruptcy – a New Class of… Happy Holidays to Everyone from Diane

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CFPB Takes Action to End Student “Debt Relief” Scams

Related Post The Seamy World of Debt Collecting CFPB vs Morgan Drexen – fraudulent debt &#82… Scam Arrest Warrants: Normally You Cannot Be Arres… Flagstar Bank to Pay Homeowners 27.5 Million For I… CFPB Proposed changes to our Mortgage Servicing Ru… New Mortgage Lending Rules – CFPB Protecting…

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