The operators of an alleged transnational student loan debt relief scam have agreed to be permanently…
Tag: Debt
Mortgage rates spike after Moody's downgrade of US debt
One lender sees a gradual stabilization By Mark Huffman of ConsumerAffairs May 21, 2025 Mortgage rates…
Moody’s downgrade of U.S. debt: What it means for your wallet
Its not good news for consumers hoping to take out a loan By Mark Huffman of…
Debt collection company pays record-setting civil penalty
Incessant phone calls to consumers, often about accounts that weren’t theirs. Repeated autocalls to wrong numbers.…
Feds tame student loan debt relief operation
Defendants face a $16.8 million judgment By Truman Lewis of ConsumerAffairs May 16, 2025 Afraudulent student…
Student Loan Fraudsters Permanently Banned From Debt Relief Industry And Required to Turn Over All Assets as Result of FTC Action
As a result of a Federal Trade Commission lawsuit, a fraudulent student loan debt relief operation…
Hat trick? FTC charges violations in auto loan servicing, debt collection, credit reporting
Sometimes good things come in threes, like Musketeers, Bronte sisters, and Stooges. (Shemp doesn’t count.) But…
Readers Scrutinize Federal Cuts and Medical Debt
Letters to the Editor is a periodic feature. We welcome all comments and will publish a selection. We edit…
Sounding the phantom debt collection alarm – again
The FTC has been issuing warnings to industry members for years to stay miles away from…
When all is said and dun: Record-setting penalty for debt collection violations
“You’ve reached the FTC. Sorry we’re not able to take your call right now. But if…
FTC shuts down $9.7 million debt collection scheme
Victims were threatened with jail, lawsuits, garnishment By Truman Lewis of ConsumerAffairs May 5, 2025 Phantom…
Phantom debt collectors jump on the banned wagon
Court orders against 13 related corporate and individual defendants involved in a Georgia-based debt collection operation…
FTC sues marketers of student loan “debt relief” – and financer who helped it happen
Every spring at colleges across the country, many graduates receive a diploma in their hand –…
Dividing Debt in a BC Divorce: Who Pays What?
Separating or divorcing in British Columbia involves many complex issues, and dividing debt is often a…
A growing number of consumers struggle to manage their debt
A survey found money problems are linked to credit scores By Mark Huffman of ConsumerAffairs April…
Setting the debt parking brake
What are the biggest risks of parking? A dinged door? A bruised bumper? For consumers victimized…
Student loan debt and COVID: FTC sends warning letter to Frank Financial Aid
For people dealing with student loan debt – your employees, a family member, or maybe you…
Where Americans benefit from ban on medical debt in credit reports
Republican voters are among the biggest beneficiaries By Dieter Holger of ConsumerAffairs April 10, 2025 Key…
FTC Action Leads to Court Order Halting Phantom Debt Collection Scheme That Took Millions from Consumers and Threatened Consumers’ Credit, Homes, and Employment
As a result of a Federal Trade Commission lawsuit, a federal court has temporarily halted the…
Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough.
Noam N. Levey Underscoring the massive scale of America’s medical debt problem, a New York-based nonprofit…
FTC Names Additional Defendants in Student Loan Debt Relief Case
The Federal Trade Commission named five additional corporate defendants and two individuals in its ongoing case…