• Published On: November 19, 2014

    Real life look into the seamy world of debt collecting and the shady characters at the center of the multi-billion dollar business. In fact, many of the debt collectors were drug dealers in their past [...]

  • United States Trustee investigating Chase, Bank of America, Citigroup and Synchrony Financial (formerly GE Capital Retail Finance) for selling "zombie debts". These so called "zombie debts" are debts that cannot be killed even by declaring [...]

  • Flagstar Bank admits to unlawful practices that caused many consumers to lose the homes they were trying to save. "That is wrong and unacceptable." Bully tactics used to scare or coerce buyers. September 29, 2014 [...]

  • Mortgage lenders requiring all borrowers to sign a reaffirmation as part of a bankruptcy before agreeing to refinance the loan Wells Fargo and other lenders who have this policy ignore bankruptcy law governing reaffirmation and [...]

  • 'CFPB Files Suits for Operations that Used Deception and False Promises to Collect More than $25 Million in Illegal Fees from Distressed Homeowners. This is just a drop in the bucket compared to the amount [...]

  • Litigation against law firms, greedy attorneys, affiliated companies and others that claimed to perform work on behalf of homeowners struggling to pay their mortgages. The other day a caller said "I used a document preparer [...]

  • PHH suffered one outrageous atrocity after another on the homeowner. Jury disgusted and awarded a $16.2 million. The other day a caller said "I used a document preparer or bankruptcy petition preparer. Certainly they have [...]

  • National City Bank to pay $35 million for overcharged black and Hispanic borrowers on mortgages from 2002 through 2008. National Bank is now PNC Financial Services Group. National Bank charged with discrimination. Federal [...]

  • Published On: December 23, 2013

    OCWEN TO provide $2 billion in principal forgiveness relief to homeowners throughout the next three years as part of a settlement agreement. The other day a caller said "I used a document preparer or bankruptcy [...]

  • Published On: November 29, 2013

    Cash America International, Inc., one of the largest payday lenders in the country, to pay $19 Million.. The company agreed to reimburse up to $14 million related to debt collection lawsuits and $5 million penalty [...]