Colorado Attorney General John Suthers announced Monday that his office had filed a consumer protection lawsuit against a Westminster-based debt settlement company for allegedly engaging in fraudulent debt management practices. According to the lawsuit, Prestige Financial Solutions and its principal, Amy Thompson, failed to comply with a series of disclosure requirements mandated by the Colorado [...]

A lawsuit filed by the Pennsylvania Attorney General’s Office against an Erie-based debt collection firm that used deceptive, intimidating tactics against consumers, including operating a fake courtroom, has been amended to hold the company’s owners personally liable for violations of consumer protection laws. Deputy Attorney General Leslie Grey filed the amended complaint in Erie County [...]

It’s January, which means federal income tax season is once again right around the corner. The tax code is long and complicated and covers almost every imaginable scenario, even debt relief. That’s right â€” if you received debt relief services such as credit card debt settlement or a mortgage modification in 2010, then you’ll likely be [...]

Fraudulent mortgage debt relief schemes that falsely promise to help troubled homeowners get mortgage modifications through the federal government ranked as one of the top scams of 2011 by the Better Business Bureau (BBB). The consumer information organization released it’s top 10 scams of 2011 on Wednesday, detailing the top scams from nine categories including [...]

Paying off debt was the third most popular financial New Year’s resolution for 2012, according to Fidelity Investments. But shedding your debt can be harder than dropping those extra pounds. For people with significant debt, professional debt relief agencies that provide debt management, debt consolidation, or debt settlement services can be helpful tools for getting [...]

The Texas Attorney General’s Office has charged a Houston-based debt collection firm for deceiving and threatening delinquent payday loan customers. Payday loans are short-term loans that offer struggling consumers advances on their paychecks and can provide a measure of temporary debt management, such as emergency funds for bill payments. According to Attorney General Greg Abbott’s [...]

A Margate-based debt consolidation company that recorded more complaints with the Federal Trade Commission than any other South Florida business in 2010 has reached a settlement agreement with the Florida Attorney General’s Office that requires the debt relief company to refund over half a million dollars to frustrated customers. According to the Attorney General’s complaint, [...]

Credit Cards can make holiday shopping simple and painless. Until that first credit card bill arrives. Taking on credit card debt over the holidays can be fraught with peril. The best thing to do is avoid using credit cards for holiday shopping, but, if you have to take on credit card debt while playing Santa [...]

The Federal Trade Commission (FTC) has reached a settlement agreement with six defendants who were charged with participating in a fraudulent mortgage debt relief scam that bilked millions from desperate homeowners. The defendants, operating under a corporate umbrella called U.S. Homeowners Relief Inc., were sued by the FTC last year for offering fraudulent mortgage relief [...]

Getting out of debt can be tough for some Americans. After all, U.S. households currently owe an astronomical $2.3 trillion in credit card debt, auto loans, education loans, and other non-real estate debt. Regardless if your debt problems are caused by unemployment, overspending, or both, there are six tips that can get you started down the [...]