We already know that some debt settlement programs provide little relief for debtors, and consumers who contributed to the $1.2 trillion student loan debt tab appear to be the top target for these companies. Today, the Illinois Attorney General announced lawsuits against a pair of debt-settlement companies that targeted, and allegedly misled, student loan borrowers. [More]
shady practices

Illinois Files Suits Against Debt Settlement Companies That Allegedly Scammed Student Loan Borrowers

Is Hollywood Video Bringing Back "Silence Is Acceptance" Magazine Subscriptions?
An anonymous disgruntled employee sent us a long list of complaints about Hollywood Video, which can be summed up with “we’re desperate to earn some money, so any tactic is fair game.” Among them is this gem.