Day: November 1, 2013

Today, you cannot avoid the bombardment of ads for credit repair companies, promising to boost your credit score and do away with your bad credit forever.  Despite the fact such offers are obviously appealing, consumers should beware there is no quick fix and such claims are likely the sign of a scam you are better off avoiding. The harsh reality…

Collection of phantom payday loans is recently becoming more of a common practice for collectors and the Federal Trade Commission (“FTC”) has investigated the scam and put a stop to a group of fictitious collection agencies this past week.  Debt collectors are hounding thousands of consumers nationwide for payday loan debts they don’t actually owe. The FTC focused on the…