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Does LifeLock Takeover Fraud Protection Work for Bank Accounts?

Could criminals add themselves as authorized signers on your bank account? That is precisely what LifeLock claims they can prevent, advertising what they call Takeover Fraud Protection.

This bank account takeover fraud protection is not a new product, rather they are adding it as an additional feature to their LifeLock Ultimate plan. The cost of this plan is currently $25 a month or $275 a year. Continue reading

Arkansas Sues Payday Lenders PDL Support LLC and Platinum B Services LLC for Illegal Usurious Lending

Arkansas Attorney General Dustin McDaniel filed suit against online payday lenders controlled by Josh Mitchem. His companies, PDL Support LLC and Platinum B Services LLC routinely charge interest rates that exceed 600% APR. One contract reflected an APR of 644.12%. Continue reading

Rincon Debt Management and Related Debt Collectors Shut Down Following Scam

Rincon Management Services LLC did business as Rincon Debt Management through a total of 7 debt collection companies. Following a Federal Trade Commission investigation, a California court has finally filed suit to seize the assets of the company and force a shutdown. Continue reading

How to Spot the Fake Collection Agency Scam

Are you receiving threatening phone calls about collection accounts you do not recognize? Are the callers especially abusive? You may not know it, but you could be a victim of more than just a collection law violator. You could be the target of the rapidly growing fake collection agency scam. Continue reading

Is Western Sky Financial Legal?

Consumers and regulators keep asking, “is Western Sky Financial Legal?” Our answer is, probably not in most areas of the country. Of course, just like any other predatory loan company, it takes years of litigation before they are forced into compliance with state financial service and consumer protection laws. Continue reading

Beware of Property Tax Consultant Scam

Can a property tax consultant reduce your tax bill? How do they work? What are their qualifications? The answers might surprise you. The property tax consultant scam is one of the fastest growing sectors of fraudulent activity. Duke University’s Don Wells claims 70% of consultants are charlatans. I suspect that the number is even higher in the property tax consulting business. Continue reading

JK Harris in Contempt of 2008 Settlement

JK Harris has again found itself on the wrong side of the law by promising benefits that it was unable to provide. Despite agreeing to a 2008 settlement in which JK Harris agreed to change its advertising, the firm has again been slapped with contempt allegations for signing up four West Virginia residents even though they did not qualify for the advertised “Offer in Compromise” program. Continue reading

What Interest Rate Does Western Sky Financial Charge?

Western Sky Financial is one of the most successful payday loan companies currently operating in the U.S. Their confusing loan fee and interest rate combination makes if difficult for most borrowers to know just how bad these loans really are. So exactly what interest rate does Western Sky Financial charge? Continue reading

Green Dot and Other Prepaid Debit Cards Investigated for Deceptive and Unfair Practices

Florida Attorney General Pam Bondi is investigating popular debit card issuers for possible deceptive and unfair business practices. Her office delivered subpoenas to Green Dot Corp., NetSpend Corp., First Data Corp., Account Now Inc. and Unirush Financial Services LLC, all issuers of prepaid debit cards. Continue reading