Archive for the ‘Debt’ Category


Beware of Debt Settlement – for now

By on Friday, August 6th, 2010 | Comments Off

Significant changes in the Telemarketing Sales Rule recently introduced by the Federal Trade Commission will soon alter the way debt settlement companies are allowed to operate. The need for the new rules, which were specifically designed to protect vulnerable consumers, became evident last week when the FTC released a stunning 229-page report detailing the egregious [...]

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For-Profit Colleges Investigated for Fraud as Financial Aid Debt Mounts

By on Thursday, August 5th, 2010 | Comments Off

A Senate committee hearing convened in Washington to explore fraudulent and deceptive marketing practices of for-profit colleges, as investigations reveal that many schools exploit economic hardship and federal funding while lying to prospective students to increase their bottom lines.

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Auto Loan Modification Warning

By on Saturday, July 24th, 2010 | Comments Off

Ads for auto loan modification scams are ALL over the Internet. These auto loan modification companies promise to negotiate with lenders to get customers lower car payments — for a upfront fee. Consumer advocates and government regulators say most auto loan modifiers promising lower car payments will take your money and provide little or nothing [...]

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