Blog Posts in August, 2015

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  • Nursing Home Debts.
    Nursing Home Debts.

    Question: A nursing home has sent me a statement for my uncle’s expenses with a note that they need to be paid. The statement is for the last 8 months. Why would they have waited this long to ask for ...

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  • Obligations of Property Ownership
    Obligations of Property Ownership

    Question: My mother lives in a home that was owned by her and her late husband. He is the only one on the n0te. Can she walk away from the home with no ramifications financially? Answer: Not ...

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  • Ftc Returns Money to Victims of Auto Loan Modification Scheme
    Ftc Returns Money to Victims of Auto Loan Modification Scheme

    FTC Returns Money to Victims of Auto Loan Modification Scheme The Federal Trade Commission is mailing 288 checks totaling more than $109,000 to people who paid an up-front fee to Regency Financial ...

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  • Payday Loan Collection Scam
    Payday Loan Collection Scam

    CONSUMER ALERT: SCAMMERS CLAIMING TO REPRESENT ADVANCE AMERICA TARGET ILLINOIS CONSUMERS COMPANY OFFERS TIPS FOR AVOIDING PAYDAY LOAN AND DEBT COLLECTION SCAMS SPARTANBURG, S.C., Jan. 8, 2015 ...

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  • Navient (Sallie Mae Spinoff of Student Loan Business) Under Federal Investigation
    Navient (Sallie Mae Spinoff of Student Loan Business) Under Federal Investigation

    Disclosure in Navient’s SEC filings: On August 19, 2015, Navient Solutions, Inc. (“NSI”), a wholly-owned subsidiary of Navient Corporation (the “Company,” “we” or “us”), received a letter from the ...

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  • Citigroup Settles Mortgage Probe with Department of Justice for $7 Billion.
    Citigroup Settles Mortgage Probe with Department of Justice for $7 Billion.

    ABC World News (7/14, story 6, 0:20, Muir) reported that Citigroup “will pay about seven billion dollars for its role in the recession,” and that $2.5 billion “will be used to help families struggling ...

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