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July 2020
Greetings!
     
Welcome to July of 2020! I say that somewhat sarcastically as we are all dealing with a whole new world these days. You can often tell common themes that I see with clients and questions when you read our newsletter, blog, or watch our YouTube channel and this month is no exception.
 
Our featured video is an impromptu, off-the-cuff video I need about a week ago when I got so frustrated with the bad advice given in an internet forum. If the woman asking for advice listens to the misinformed “advisors”, it will literally set her back tens of thousands of dollars.
 
We’ve included some news and resources links from trusted sources on debt settlement scams, coronavirus scams, and IRS scams that you and your clients should keep in mind when looking for options for financial stress.
 
Finally, on a more personal note, I think it is important to remember that everyone deals with stress differently and that you never know what someone else is going through at any given time.

Thanks,
Jen  


Thank you for reading and please feel free to forward our newsletter to any friends, colleagues, or family members who may be interested in learning more about debt, credit, and solutions to financial stress.

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Jen Lee Law's YouTube channel is full of education and resources. We post helpful tips with your finances, education around bankruptcy,FAQ's and more. Make sure to subscribe so you have the latest information available!


NEWS ARTICLES
Consumer Financial Protection Bureau Settles Lawsuit Against Freedom Debt Relief
by Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (Bureau) today settled its lawsuit against Freedom Debt Relief, LLC, the nation’s largest debt-settlement services provider. The company agreed to pay $20 million in restitution to affected consumers and a $5 million civil money penalty ( read more ).
FTC Coronavirus Advice for Consumers
Check in for helpful information on protecting yourself against coronavirus scams ( read more ).
Beware of Robocalls, Texts and Emails Promising COVID-19 Cures or Fast Stimulus Payments
by  John Waggoner and Andy Markowitz
Coronavirus scams are spreading nearly as fast as the virus itself. As of July 9, the Federal Trade Commission (FTC) had logged more than 125,000 consumer complaints related to  COVID-19  and  stimulus payments , 68 percent of them involving fraud or  identity theft . Victims have reported losing $81 million, with a median loss of $274 ( read more ).
IRS reveals its ‘Dirty Dozen’ list of tax scams for 2020
by Karen Price Mueller
There are some new scams in town thanks to the  coronavirus   pandemic  and related relief programs such as  stimulus payments,  according to the IRS ( read more ).
VIDEO OF THE MONTH
Bad Advice!

Bankruptcy shouldn't be the last option, but definitely an option.

I am on an online forum that does not support bankruptcy at all. The situation presented was a person with $20,000 in debt, on social security, and had some other things going on as well. The first ten comments were "No bankruptcy!"

Watch the video to find out what was wrong with the advice the poster received!
A caring approach to debt and credit strategy.
SERVICES
SPEAKING ENGAGEMENTS-

We've gone virtual!

Stolen! What to do when Identity Theft Happens to You
July 23, 2020 at 9:15 a.m. PST
Tri-Cities Marketing Council (TCMC) - Bay East Association of Realtors




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This is just a basic overview and is not legal advice specific to your situation. If you have questions about your rights when it comes to debt and credit, you should speak with an attorney in your area for legal advice. If you live in California or North Dakota and would like to speak with Jen Lee Law regarding your situation, please schedule an appointment on our scheduling site .