Category Archives: Business Related

Hi Steve Im Interested in Starting a Similar Service, Could you offer me some advice!: Hi Steve?, I am 27 yo and have a very high level of intelligence, or so I am told. However in today’s economy its just too hard to find any work out there. I am am for-most concerned about financial gain. I am well versed in I.T, web design etc.. also learning to use Linux. [...]
Jackson Hewitt Tax Services Sheds Overhead. Files for Bankruptcy Protection.: Bankruptcy happens to a lot of people. Corporations use it as a smart move in tough times. Today, Jackson Hewitt, the second largest tax preparation company, filed for bankruptcy protection. The largest credit, Bayside Capital, is expected to take over the company. Unsecured creditors should have no funds available for distribution but the company expects [...]
Is Your Business or Life A Debt Trap? Or Is Your Optimism Keeping You Poor?: The following guest post was contributed by by Neal Frankle, Certified Financial Planner in Los Angeles. He blogs at WealthPilgrim.com If you would like to contribute a guest post, click here. Ed, a friend of mine just lost his house and his business. It happened because he was too optimistic. And as you’ll see, even [...]
Google Panda Update Creates Literal Financial Tsunami for Many Websites That Wreaks Havoc: In an effort to clean up it’s search listings after being criticized for too much crap being presented to users, it appears that the best efforts by Google have significantly impacted many good web based companies in a negative way. Not only have the sites lost a significant amount of traffic and revenue but after [...]
Strippers and Money Management: For years I’ve wanted to do an article about someone from the adult entertainment industry and money problems or money management. I always thought it was a good way to put the universal issue of money into context that we all have to deal with money, credit and debt. While I know that some people [...]
DirectBuy Sued by West Virginia AG for Deceptive Sales Practices: I’ve written about DirectBuy before the the trouble some have had in getting out of their memberships. Now the WV has sued DirectBuy for deceptive practices. Attorney General Darrell McGraw recently filed suit in the Circuit Court of Kanawha County against DirectBuy, Inc., headquartered in Merrillville, Indiana, and its local franchise, DirectBuy of Charleston-Huntington, and [...]
Watch Out for Small Business Credit Cards: Small business credit cards are not as innocent as you would want to believe. Here is a story about these cards from our friends at MoneyTalksNews.com This post comes from partner site lowcards.com. Contrary to popular belief, the new CARD Act provisions do not apply to all types of credit cards. Only consumer cards. The [...]
Workers Warned About Company Credit Card Debt: Last year, employees charged $140 billion on their company credit cards. If the company goes under or doesn’t pay, the cardholder could be forced to pay the balance. According to RPMG research, 35 percent of corporate cards have individual or joint liability arrangements where the employee is responsible for the debt. Surprisingly, large companies are [...]
Blockbuster Going Bust. Bye-Bye Blockbuster?: I can remember life before Blockbuster and soon maybe life without Blockbuster. According to reports, Blockbuster is filing for bankruptcy in September. Blockbuster is hoping to use its time in Chapter 11 to restructure a crippling debt load of nearly $1 billion and escape leases on 500 or more of it 3,425 stores in the [...]
My Crazy Bipolar Husband Beat Me Up and Left Me With a Broken Leg. – Cathey: “Dear Steve, My crazy bipolar husband beat me up and left me with a broken leg and 78,000.00 in unsecured debt. I make 70,000.00 a year and am able to make my mortgage payment (I have 30,000.00 in equity) and student loan. However, with his loss of income, I can no longer make the 3,000.00 [...]
How to Start Your Own Successful Business With Little Money: Tired of the 9 to 5 grind? Considering going into business for yourself? You’re not alone. Millions of people have a similar dream. A few brave ones take the next step. Unfortunately, for many, the dream can turn into a nightmare quickly. The U.S. Small Business Administration statistics show that well over half of all [...]
Be Careful if You Use Your Personal Credit Card for Business Purchases: Now that the new CARD Act (Credit Card Accountability, Responsibility and Disclosure Act) has been implemented to prevent unfair interest rate hikes and protect consumers there is a big loophole if you use your personal credit card for business purchases. The problem is that the CARD Act does not apply for business or corporate credit [...]
Watch Video About Inside Business Opportunity Fraud: If you can’t see the video above, click here to watch @GetOutOfDebtGuy
Chapter 11 Bankruptcy Irony – TVI Corp: In what struck me as a moment of irony, I read this morning about TVI Corporation, a Maryland based manufacturer of disaster shelters and other protective equipment, that has filed for Chapter 11 bankruptcy protection. It seems that while they manufacturer many types of disaster shelters, they didn’t have one to protect them from financial [...]
Are Muzak and Sirius XM Radio, Better Than You?: I was reading the latest news about the bankruptcy filing of Muzak, the elevator music people, and the new merged company of Sirius XM, the satellite radio people. Sirius XM has not filed Chapter 11 bankruptcy just yet but it looks like they will any day now. It has always struck me as odd that [...]