Consumer Statement: Was offered a personal loan through a company named loan rate pal. The operator said I didn’t qualify for a loan, but could help me with my debt. It’s been one year with no resolution and no one will return my calls or emails, they also changed all emails to me debts so … Read more

Consumer Statement: Second Chance debt advocate service at least that’s what they represented them to me as and I hadn’t read your formum unfortunately. They claim to be a debt consolidating advocates dealing with predatory lenders and payday loan type companies they assured me that they could help me with a payday loan with an … Read more

Consumer Statement: Consumer Debt Legal Group took my money for 12 months. When I called to ask if I could make a partial payment, I was told they were canceling my account unless I could pay the full monthly amount. They canceled my account the next day and told me that because they had done … Read more

The Federal Trade Commission and the Florida Attorney General are sending refunds totaling more than $540,000 to consumers nationwide who were defrauded by Life Management Services of Orange County, LLC, and related companies who tricked them into paying for worthless credit card interest rate reduction and debt elimination programs. The average check amount is $117. The FTC is … Read more

This month, more than 7,100 people who were charged illegal advance fees by Timemark, Inc. to renegotiate, settle, reduce, or alter the terms of their federal student loans will receive a check in the mail. Payments will be sent on July 6, 2023, through Epiq Systems. If you do not receive a check and believe … Read more

The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000 customers who cancelled purchases within a purported “full refund period,” and for deceiving borrowers about needing to purchase add-on products to receive a loan. OneMain will pay … Read more

The Internal Revenue Service (IRS) has announced that it will resume issuing collections notices to taxpayers that were previously suspended during the COVID-19 pandemic. Here are some important points to note: No date has been set for when the notices will be sent out, but the IRS has a detailed plan in place to stagger … Read more

Is plastic growing rapidly out of control. Here is what you need to know. U.S. credit card debt has jumped nearly 20% in the first quarter of 2021, according to a report from TransUnion. This increase in credit card debt marks the highest quarterly growth rate since 2014. TransUnion attributes this surge to the rebounding … Read more

There are legitimate ways to stop payday loans and cancel or pay less, depending on your specific situation. Here are some options to consider: Negotiate with the lender: You can try to negotiate with the lender to work out a payment plan that is more manageable for you. Explain your financial situation and offer to … Read more

What happened: House Republicans passed a resolution to terminate President Biden’s policy to cancel student loan debt for millions of borrowers. Who supported it: The resolution was supported by every Republican on the House Education and the Workforce Committee and introduced by Rep. Bob Good, R-Va. What the program entails: Biden’s program would cancel up … Read more