Home > Debt Articles > History


A New Way Out of Debt

Ready to Collapse

A New Way out of Debt In a growing number of cities, businessmen are getting together to offer a helping hand to those in financial hot water. Condensed from Empire: Murray Teigh Bloom In the fall of 1960 the world seemed about to collapse around Billy and Marilyn Simmons of Phoenix, Ariz., and their two children. Hounded by bill collectors ... Read More »

Historic Debt Consolidation Ads

First National Bank

Advertisements for debt consolidation loans are nothing new. Check out these gems from the past. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? “GET YOUR DEBTS SQUARED UP” BY obtaining money through us; all that is required that you hold a salaried position; no red tape; terms to suit easiest payments; allowance made for payment made ... Read More »

Family Credit Counseling: An Emerging Community Service

Ready to Collapse

Family Credit Counseling: An Emerging Community Service by Mayo H. Stiegler The title of this article is taken from the recent report of the National Study on Family Credit Counseling on whose Working Committee I served as a representative of NLADA. The publication of its report comes at the end of two years’ study of existing non-profit financial counseling services ... Read More »

Consumer, Beware!

Ready to Collapse

Consumer, Beware! By Nancy Pratt AFL-CIO Department of Research Joe Brown bought a new car last year on the “no money down, years to pay” plan. Six months later he found he couldn’t keep up with his payments. His car was repossessed. Joe was sad, but he thought his worries about the car were over. He was wrong. Joe thought ... Read More »

Historic Debt Relief Ads


A collection of some historic debt relief ads. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Date and location unknown. Morning Democrat – October 4, 1955, Davenport, Iowa The News-Palladium, February 4, 1959, Benton Harbor, Michigan Hammond Times – May 7, 1963, Hammond, Indiana Hammond Times – May 7, 1963, Hammond, Indiana Hammond Times – May ... Read More »

A Look Back at Consumer Credit in 1955

Debt 1955-1

Easy credit is not a new problem. Take a look at the images below from 1955. Click on the image to see a larger view. – Source Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Read More »

Fraud Busters, INC.

Ready to Collapse

Fraud Busters, INC. By Harry T. Brundidge So you’ve been gypped! Were you suckered into buying some of those “penny” get-rich-quick uranium stocks which are as phony as a three-dollar bill? Did you go for the “free” deep-freeze racket? Were you hooked by a bait-’em-and-switch-’em gent on a vacuum cleaner or sewing machine? Few of those gypped called the police, ... Read More »

Consumer Debt Relief False Promises Not a New Problem. Let’s Look Way Back.

Ready to Collapse

One statement I often hear from consumers and those inside the debt relief industry is how the debt relief companies that take advantage of consumers, don’t deliver services, leave them getting sued, and take their money in fees, is a new problem. The reality is it is anything but a new problem. Consumers getting less than they pay for in ... Read More »

“Debt Adjustment” – Meanest Racket Out

Ready to Collapse

“Debt Adjustment” – Meanest Racket Out by Murray Bloom “Get out of debt.” “Restore your credit without a loan.” “We can help you even if you’ve been turned down by everyone else. ” In the past two years these and similar slogans have lured thousands of desperate Americans and Canadians into one of the meanest schemes ever devised. Cleverly disguised ... Read More »

My How Times Have NOT Changed Since 1758

Ready to Collapse

Recently I posted a page here on debtors prison. The History of Credit & Debt – Debtors’ Prison. And then I came across some quotes that made me think how much the reality of debt troubles has not changed over time. “The confinement … of any man in the sloth and darkness of a prison, is a loss to the ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt. You can unsubscribe at any time with just one click. After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

I promise to keep your email safe and secure.