Student Loans & Bankruptcy – Interview with Diane Drain and Bobby Zavala
Quick Page Index
- 1 Student Loans & Bankruptcy – Interview with Diane Drain and Bobby Zavala
- 2 Debtors Abused by the Bankruptcy System
- 3 Supreme Court – Statute of Limitations under FDCPA
- 4 OCWEN/US Bank fined $3 million for reprehensible conduct for attempted wrongful foreclosure
- 5 Mortgage Law Group to pay $59 million-scammed consumers
- 6 5 Signs an Online Loan is a Debt Trap
- 7 Deceiving Student Loan Borrowers: Premier Management & Financial Preparation Services
- 8 Trump Removes Interest Rate Limits and Sacrifices the Consumer
- 9 How to Determine Debt Collection Scam
- 10 How Terrible is an Online Installment Loan?
Debtors Abused by the Bankruptcy System
Bad, lazy or greedy attorneys fail to warn clients about the problems they could face in bankruptcy. People in financial distress look to attorneys for help and guidance. They assume their attorneys care more about them than about the attorney’s bank account.
Supreme Court – Statute of Limitations under FDCPA
Holding: Statute of limitations begins to run when the alleged FDCPA violation occurs, not when the violation is discovered.
OCWEN/US Bank fined $3 million for reprehensible conduct for attempted wrongful foreclosure
Jury punishes OCWEN/U.S. Bank National for atrocious record-keeping (this is not the first time OCWEN has been exposed for intentional malice) Ms. Saccameno filed a chapter 13 bankruptcy to save her home. She followed the chapter 13 plan and brought the mortgage current, ultimately receiving her hard-earned discharge. Life should have been great, but OCWEN/U.S. […]
Mortgage Law Group to pay $59 million-scammed consumers
$59 million dollar judgment for deliberately scheming to evade the law and cause harm to their clients According to an article in news.bloomberglaw.com, 11/6/19, Consumer Financial Protection Bureau “CFPB” won a $59 Million dollar judgment (restitution and civil penalties) against The Mortgage Law Group, LLP, Consumer First Legal Group, LLC, Thomas G. Macey, Jeffery J. […]
5 Signs an Online Loan is a Debt Trap
The goal of a predatory loan (such as payday loans) is to trap the borrower in a nightmare of never ending debt. The lenders know that no one is watching or, in some cases, cares that the poor are prayed upon by these unscrupulous lenders.
Deceiving Student Loan Borrowers: Premier Management & Financial Preparation Services
CFPB GOES AFTER STUDENT LOAN DEBT RELIEF COMPANIES FOR DECEPTIVE PRACTICES Who is the Consumer Financial Protection Bureau (CFPB) suing? They are: Consumer Advocacy Center Inc., which does business as Premier Student Loan Center; True Count Staffing Inc., also known as SL Account Management; and Prime Consulting LLC, which is known as Financial Preparation Services. […]
Trump Removes Interest Rate Limits and Sacrifices the Consumer
New rule removes interest rate limits on subprime and payday lenders According to an article in Credit Slips, posted by Adam Levitin, the Trump administration has just proposed a rule that declares open season on consumers for subprime lenders. The Office of Comptroller of the Currency and the Federal Deposit Insurance Corporation have released parallel […]
How to Determine Debt Collection Scam
Dealing with debt collection issues can be challenging—especially when you’re not sure if the person contacting you is a legitimate debt collector or someone trying to scam you.
How Terrible is an Online Installment Loan?
Because of scams payday loans are on the way out, but installment loans have taken their place Payday loans usually have a very short period to repay – typically a lump sum payment in a few weeks. The interest rates are sometimes upwards of 700-800%. Many times the borrower has to take out another loan […]
