Recent Articles
CFPB LEVIES MILLIONS OF DOLLARS IN FINES ON #1 AND #2 DEBT BUYERS
In what might be a foretaste of things to come, the Consumer Financial Protection Bureau (CFPB) once again reminded bad guys that there is a new sheriff in town by levying fines totaling mtens of millions of dollars against the #1 and #2 bad debt buying debt collectors. The number one collector, Encore Capital Group […]
Has Credit One Bank Accessed your Credit Report?
There is a section on your credit report that discloses who has received a copy of your credit record. One section includes companies with whom you have applied for credit. These inquiries show up on the general report, and they become part of your credit score. They aren’t weighted greatly in the score, but they […]
Bad Company of the Day – PNC Merchant Services
Ordinarily I write about bad companies that victimize my clients or others. In this case I’m writing about a company that tried to victimize me as a small business owner. I do my business banking at PNC Bank. I chose that bank because their involvement in the financial shenanigans that caused the Great Recession was […]
We’re Still Looking for Pension Factoring (Pension Assignment) Cases – Especially Veterans’ Pensions
We are still interested in helping people who assigned all or part of their pensions to third party companies in exchange for a lump sum. It is a lot easier to stop the payments going out than to collect the money once it has been taken from you. Please call us at 317-662-4529.
Bad Company of the Day: Navient Corp. – CFPB may take action
The Consumer Financial Protection Bureau (CFPB) announced that it may sue Navient, Inc., the parent company of Sallie Mae, the student-loan giant, for cheating student loan borrowers. Among the practices being investigated are practices designed to maximize late fees. If you have a loan being administered by Navient, and you have had a problem with […]
Buying a New Car? Change your Oil at 500 Miles – Probably – the Z06 Corvette Fiasco
If you are like most people I know, you probably bought 1 2016 Chevrolet Corvette Z06. You might have also had a problem with your engine self-destructing not long after purchase. You may have had Chevrolet tell you that the blown engine was due to hooning behaviour or some such. Now Chevrolet is sending out […]
Victory Against Educap – Lawsuit Against Client Dismissed
A client was sued by Educap, Inc. on an old student loan account. Many people are under the impression that there is no statute of limitations on student loan debts. That’s true as to government student loans, but not true as to private student loans. If the lender or servicer waits past your state’s limitation […]
New York Attorney General Goes after Car Dealers for Selling Credit Repair Products
According to autonews.com, the New York attorney general has cracked down on auto dealers selling credit repair products, reaching a $14 million consent agreement At least some of the products were associated with a company called Credit Forget It. According to federal law, and state laws in almost all of the states, a credit repair […]
New York Attorney General Goes after Car Dealers for Selling Credit Repair Products
According to autonews.com, the New York attorney general has cracked down on auto dealers selling credit repair products, reaching a $14 million consent agreement At least some of the products were associated with a company called Credit Forget It. According to federal law, and state laws in almost all of the states, a credit repair […]
CFPB goes after Citibank for Deceptive Charges on Credit Card Statements
The CFPB is forcing Citibank to pay $700,000,000 for adding bogus charges to customers’ credit card bills. Think about that number: $700 million dollars that they stole from their own customers. I bet there is not a single criminal in federal prison today that stole $700 million from anyone, yet the banksters at Citibank are […]
