U.S. Attorney Andrew Murray announced that Carissa Eugenia Brown, 33, of Charlotte, appeared before U.S. Magistrate Judge David S. Cayer and pleaded guilty to orchestrating a $1.9 million debt collection scheme. Matthew D. Line, Special Agent in Charge of the Internal Revenue Service, Criminal Investigation Division, Charlotte Field Office (IRS-CI) and Tommy D. Coke, Inspector…… Continue reading NC Woman Scams People by Collecting and Settling Debts Owed to Others
Question: Dear Steve, I have 2 charged-off accounts, and I want to call and try to pay towards debt but can only afford about 100 per month. Will they work with me.. capital one and discover Will, the creditors work with me. Hope Answer: Dear Hope, The answer is not what you would expect. Here…… Continue reading Will Capital One and Discover Work With Me to Settle My Debt?
Exactly what does it mean to pay yourself first? Overall, it means that your top priority should be to put a certain amount of money into your savings and/or investment accounts before you pay your monthly expenses, such as your rent or mortgage payment, car payment, student loan payment and so forth. This could help…… Continue reading Learning to Pay Yourself First
A kind reader sent me in a copy of the Debthunch mailer they recently received. I have a very low level of confidence that the average consumer is going to figure out this offer at the first, second, or third glance. It took me some time to get some clarity, I think. This mailer was…… Continue reading Is Debthunch Really What You Think They Are?
Question: Dear Steve, In 2015 and 2016 both my wife and I got in a bunch of debt. Between us about $10,000 in various credit card company debt, $2000 in medical and then the whopper, about $15,000 in online installment and payday loans at over 100% interest. I just found out I have a judgment…… Continue reading My Wife and I Have a Bunch of Debt and It’s Time We Deal With It
Question: Dear Michael, I need help ASAP! I have $40k in student loan debt and am a single mom with no support. I am concerned about an agreement I signed for debt consolidation What can I actually do about the debt? – Only student loans I’m overwhelmed with so many financial issues and have no…… Continue reading I Just Enrolled With Student Loan Movement and I’m Worried
Question: Dear Steve, I have a 1987 FASA loan in my name without even going to the 7 grade, got GED in 2000. I have been begging for help with this I am desperately needing to get help, I am homeless, couch to couch, finally able to go to school at 53 only to find…… Continue reading Can My Federal Student Loan Be Eliminated Since I Did Not Have a GED?
The Consumer Financial Protection Bureau (CFPB) has extended the time for people to submit public comments on time-barred debt disclosures. The CFPB proposes to prohibit collectors from using non-litigation means (such as calls) to collect on time-barred debt unless collectors disclose to consumers during the initial contact and on any required validation notice that the…… Continue reading Submit Your Comment to the CFPB if Debt Collectors Should Not Collect on Debt Outside the Statute of Limitations
One of the biggest payment processing companies and its former executive will pay more than $40.2 million to settle Federal Trade Commission charges they knowingly processed payments and laundered, or assisted laundering of, credit card transactions for scams that targeted hundreds of thousands of consumers. According to the FTC’s complaint, Atlanta-based First Data Merchant Services,…… Continue reading Debt Relief Credit Card Processing Leads to $40 Million Settlement With FTC
Question: Dear Steve, You don’t mention or get into detail on how to negotiate a settlement for private and federal student loans. I live in Pa. my loan is over 25yrs old, from 1989!! I haven’t paid on it in 24yrs. I have never been sued or had a wage garnishment, however I’m trying to…… Continue reading How Do I Settle My Student Loans and Not Get Tricked