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DON'T BE HAMMERED BY YOUR DEBT

DON'T BE HAMMERED BY YOUR DEBT

Thursday, September 09, 2010

DONATION REQUEST

I've added a DONATION BUTTON at the top of this blog. I know your first thought is hey here's a rich lawyer trying to scam me out of some money. Well, I'd challenge you to read this blog in it's entirety and see that is far from the truth. On the contrary, rather than trying to get rich or even make a profit off this blog, its primary function is to provide vital information to people in real need. There is a ton of practical and more importantly, legally correct, information on this site. Also, I offer an entire book of information together with all the forms you need to fight debt collectors all for only $19.99. Once I pay publishing and other costs, this is a break even venture. I've seen less helpful guides and books written by non-lawyers offered on the internet for hundreds and thousands of dollars! So I hope you can see, this is not a get rich quick scheme. I am asking that, IF you are able, you click on the donation button and donate FIVE BUCKS. Your donation will allow me to keep this site up and running and add more resources for people just like you who need help and can't afford the thousands of dollars a lawyer would charge. So donate if you can and I thank you. If you can't, then help me out by referring some of your friends who are also in need to my site. THANK YOU.

Wednesday, September 08, 2010

Big Changes in Debt Relief Industry


The ADVANCE FEE BAN. There are huge changes coming to the debt relief industry! I’ll give you the legalese first. On July 29, 2010 the Federal Trade Commission announced its amendments to the Telemarketing Sales Rule (“TSR”) targeting the sale of “debt relief services” (the “Final Rule”). Under the Final Rule, virtually all debt relief service providers will be subject to a ban on advance fees before services are provided. The new rule will apply to these agencies because they now fall under the jurisdiction of the new Bureau of Consumer Financial Protection. The Final Rule is available now on the FTC’s website. The provisions of the Final Rule will take effect on September 27, 2010, with the exception of the advance fee ban provision, which will take effect on October 27, 2010. Importantly, the advance fee ban does not apply retroactively, so it does not apply to contracts with consumers entered into prior to October 27, 2010. The Final Rule contains specific requirements for debt relief providers related to charging an advance fee before providing any services. It specifies that fees for debt relief services may not be collected until:
· the debt relief service successfully renegotiates, settles, reduces, or otherwise changes the terms of at least one of the consumer’s debts;
· there is a written settlement agreement, debt management plan, or other agreement between the consumer and the creditor, and the consumer has agreed to it; and
· the consumer has made at least one payment to the creditor as a result of the agreement negotiated by the debt relief provider.
Previously, most of these scam artist institutions would charge you a huge up front fee for the privilege of their practically non-existent services and after they collected your money, they would do absolutely nothing. This wouldn’t be so amazingly infuriating if what they were charging you for you couldn’t do yourself. But at least now, they will have to actually contact one of your creditors and do what they advertise before they demand that you pay the thousands of dollars that you will be a fool for paying. So if you are foolish enough to use one of these outfits, at the very least, hold until October 27, 2010 to sign up!

Friday, September 03, 2010

FORECLOSURE--COMING SOON--THE TOOLS YOU NEED TO FIGHT BACK


Thanks to the overwhelming positive response to How to Beat a Credit Card Debt Lawsuit with the Secrets of a Real Debt Collection Lawyer, I am writing a new book sharing all of my legal experience and knowledge on how to fight a home foreclosure and including all the forms you need! People are paying thousands of dollars in attorney’s fees and hundreds of dollars to attend seminars in an effort to save their homes and I’ll share all the same information, direction and guidance plus give you forms so you simply have to fill in the blanks and all for only $19.99!