The Mossler Law Firm of Carmel, Indiana has been slapped by the Vermont Attorney General for multiple infractions. While they claim to settle their clients debt, they found they needed to settle their own civil violations with the state of Vermont. Continue reading
Consumer Protection
What is a credit freeze?
A credit freeze is the simplest way to avoid identity theft in America. A credit freeze allows individuals to control how US Consumer Reporting Agencies release credit information, including credit reports. Today, credit freezing is a common practice throughout America, and while it is the quickest way to avoid ID theft, it also makes receiving a bank loan more difficult as well. Continue reading
Auto Relief Group LLC Scam is Busted
The massive Auto Relief Group scam is finally busted. Auto Relief Group LLC advertised heavily on both the internet and television in 2009 and early 2010. By June 2010, this massive scam was shut down by regulators.
Jeffrey Taylor, Director of Sales of Auto Relief Group provided the following quote in a press release on January 29, 2010: Continue reading
Federal Reserve Board Launches Consumers Guide to Credit Cards
New rules are in place for credit card issuers, thanks to the Credit CARD Act of 2009. These new rules are designed to make consumer credit more transparent and easy to understand. Continue reading
Review of Financial Consulting Services
After receiving one of those robocalls touting the ability to lower the interest rates on my credit cards, I could’t help to find out exactly what their angle was. It turns out that the company calling was Financial Consulting Services. I decided to play along to see exactly what it is that this company does. Continue reading
What is the Taxpayer Advocate Service?
The Taxpayer Advocate Service is an independent service within the IRS that deals with both helping people with tax problems and with fixing the system so problems will not happen in the future. The TAS offers many benefits that other tax help systems cannot offer. Continue reading
Warning signs to avoid personal loans
A personal loan usually occurs between an individual and a bank, though people are increasingly seeking out person-to-person loans. Both parties agree to a set amount of money which the lender will give to the other party, as well as an interest and payment rate, which regulates how much and how often the money must then be repaid. Most people, of many different income ranges, take out secured loans for cars or homes.1 Continue reading
Banks Respond to CARD Act with Tougher Terms
In recent months, credit cardholders with good credit histories have found their rates climbing and their lines of credit reduced. Issuers have either remained silent, or claimed that this is just a standard procedure. Continue reading
What is the Truth in Lending Act?
Congress passed the Truth in Lending Act in 1968 in an attempt to help consumers by requiring lenders in credit transactions to disclose important terms. In the past, the government’s philosophy was that it was up to the buyer to be sure what he or she was getting into, but this act marks the first shift into the government requiring more disclosure in order to protect the consumer. Continue reading
Fair Debt Collection Practices Act
Some debt-collecting is done fraudulently from the start. If only the collection agencies calling during dinner time were considered fraudulent. Continue reading
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