I was just recently asked about this company, so I looked them up on their web site. They make things sound so good for the military person, but when I put their phone number in at the BBB site, turns out that they are Magnum Funding and Magnum Cash Advance, and it said this may not be a complete list. So far, for this company name, they have processed 8 complaints in the last 36 months, 2 were closed in the last 12 months. You can go to the BBB site and get all the information. Magnum strikes again this time aiming at our military!

I have a serious problem. I have an account with Washington Mutual that went into collections (Because of payday loans). The collection agency, ERS Solutions bought the account. I had set up a payment arrangement with them to take out 197.00 every month until it was paid off. I have paid two payments so far (there was only 2 payments left). The third payment was returned because I didn't have enough money in my account. I called them to try to explain what happened and if there was any way that I could work out a further arrangement with them.

I know about the FCRA and fdcpa, but what would govern Utility companies and companies like wireless internet, satellite or cable TV? The Fair Credit Billing Act seems to govern credit cards. So, I’m a bit lost as to what laws govern those companies?

My ex wife and I got a loan together while living in the U.S. We moved to Canada and soon after divorced. My ex agreed to pay the debt (verbally, nothing in a divorce agreement). However she has not paid the debt and now I am being contacted 7 years after the fact. Is there anything that would allow for the company to come after me in another country?

Well I see that Cash Call is back up and running at full speed. They are loaning to all states now according to their web site. I had been checking to see what was going on. I have a Cash Call loan much to my regret and have kept it current but I included it with my debt consolidation with T&C anyway. I have never had to experience all of their collection calls but have read many posts from people who have. I just can't believe that this can be tolerated. Yes, I know we took the loans but usually when things were financially unstable and this looked like the answer.

Money Smart Life is maintained by Ben Jamin, a software Engineer from the Midwest. He is married and keeps telling people that “thirty is the new twenty”. Ben has been blogging for a year and covers most things related to personal finance including investing, saving money, debt, credit cards, insurance etc. It is not that he had bitter financial setback in his early life other than investing on some B2B companies. He managed his finance quite well under parental guidance since his childhood.