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Farm Debt Adjustment Committee 1936

Debt Adjustment Committee

From May 1936, a meeting of a local committee in Alliance, Nebraska to try to help adjust the debts of a local farmer during difficult times. Get Out of Debt Guy – Twitter, G+, Facebook Read More »

Debt Collector Shot Dead While Riding Scooter in Front of School

Debt Collector Shot

In Malaysia a debt collector was shot dead while riding his scooter. What caught my eye on this story was the lead was the dude shot was a debt collector, as if that automatically is an explanation why. “Omar said they believed the shooting could be due to revenge. Police are also looking into the possibility that the assailant was ... Read More »

Shopper Suffers Massive Meltdown When Not Allowed in the Mall. “Let the Police Cut Off My Balls.”

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Retail therapy gone bad. Get Out of Debt Guy – Twitter, G+, Facebook Read More »

Class Action Filed Against Citigroup for Selling Credit Protection and Payment Protection Products

A class action lawsuit was recently filed against Citigroup for credit protection coverage sold along with their credit products. The service is also known as credit protect, credit protector, payment protector, PaymentAid, PaymentAidPlus, payment protection, and credit protection. The suit was filed by Golomb & Honik, P.C., 1515 Market Street, Suite 1100, Philadelphia, PA 19102, (215) 985-9177. The suit alleges ... Read More »

New ATM Skimmer Can Clear Out Your Bank Account Without You Knowing It

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Looks like crooks are doing some amazing things in skimming your debit card when you use it at an ATM, even you banks. The latest technology even captures your keypad inputs, reads the back of your card and then sends the crooks the information via text message. This skimmer I’m writing about today sells for between $7,000 and $8,000 USD, ... Read More »

Allied Home Mortgage Capital Still Around But Why With All the Complaints?

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As his competitors imploded one by one, Jim Hodge, the folksy founder of Allied Home Mortgage Capital, touted his sprawling Houston firm as a survivor. Not only was Allied still standing, Hodge told employees in a company newsletter in December, it was thriving. “The good news,” Hodge wrote, “is that even though we are all having to work harder, most ... Read More »

NESG Debt Garden 2010

Overview

Andy Faria from Northeast Settlement Group sent in pictures of his 2010 debt garden. He’s following up the trend I started with this post. I have to confess, my garden this year is disappointing. The broccoli and yellow squash were killed by noseeum pests. The lettuce went absolutely crazy but the tomatoes have taken off and right now I’m inundated ... Read More »

Debt Buyers, Getting Sued by a Creditor, and Debt Relief Scams to Avoid – Get Out of Debt Podcast

This week Damon and I talk about debt buyers, companies that purchased charged off debt and attempt to collect them, the problem with the proof that debt buyers have to collect the debt, and the wave of lawsuits and judgments from debts buyers. We talk about what happens when you are sued by a creditor for a debt, what happens ... Read More »

Debt Collector Says “Kiss Daddy Good-Bye, He’s Going to Be Arrested.”

A debt collector calls a Florida debtor and talks to his 10 year old daughter. The debt collector allegedly tells the daughter that her father is going to be arrested for his debt. The news story about this is below. [flashvideo file=/wp-content/uploads/Debt-Collector-Vid.flv /] Get Out of Debt Guy – Twitter, G+, Facebook Read More »

How to Try to Get a Refund From a Debt Relief Company

How-To

Here is my definitive guide on how to get out of a scam and git it your best shot at getting your money back. Warning, it will take some work, but it can be effective. “The steps listed in How to Try to Get a Refund From a Debt Relief Company should represent a consumer dropping a “nuclear bomb” on ... Read More »

Phantom Debts Come Back to Life. It’s Alive!

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The problem of zombie debts, that’s debts that come back to life, is well known. What is becoming more of a problem is what happens when an old debt has been sold, sold, and sold again. The current debt buyer can’t really prove they own the debt at all. In fact just recently we published an article about this problem. ... Read More »

How to Get Out of Debt. The Honest and Unvarnished Truth.

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As a student of the history of debt, having lived through debt problems myself, and having founded and run a credit counseling organization I have a very unique view from inside and outside the debt world. If there were mistakes and beliefs to be had, I’ve had them. If there perceptions about debt, they’ve floated through my mind, If there ... Read More »

FTC Slams the Lid Down on International Identity Theft Ring Hitting Credit and Debit Cards

At the request of the Federal Trade Commission, a federal court has halted an elaborate international scheme that used identity theft to place more than $10 million in bogus charges on consumers’ credit and debit cards, pending a trial. More than a million consumers were hit with one-time charges of $10 or less, and their payments were routed through dummy ... Read More »

Fear of Debt Keeps Cancer Survivors From Getting Medical Care

A published work “Forgoing Medical Care Because of Cost” examines the issues facing cancer survivors in being able to afford continued access to medical care. The study found Cancer treatment may result in financial hardship, and an inability to afford medical copayments, prescription medications, and medical services perceived as nonessential (eg, dental and mental healthcare). In addition, cancer-related employment changes, ... Read More »

Loan Modification Program Still Limping Along

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New data released Monday by the Treasury Department shows continued delays and disappointment faced by homeowners in the administration’s mortgage modification program. 190,000 homeowners remain stuck in trial mods that have lasted over six months, still waiting to hear whether they’ll receive a permanent modification. Most of those homeowners will likely be dropped from the program. Even homeowners who’ve successfully ... Read More »

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