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Mom Get Credit Card Hijacked by Golden Bunny in Farmville

Farmville Cash Pit

Alright, it was her son and not a golden bunny but still, probably just as cute. The story is a 12 year old kid from the UK managed to steal his mother’s credit card and run up £905 ($1,373) worth of charges in an otherwise free game, Farmville. You can read the whole sordid tale, here. Get Out of Debt ... Read More »

    Fake Attorney Scamming Gas Money in the Monkey Junction Area

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    Truth is much better than fiction. This recent article from Star News proves the point. “The New Hanover County Sheriff’s Office is warning that a man claiming to be an attorney and asking for gas money in the Monkey Junction area is perpetrating a scam. In the past few days, three people in the Monkey Junction area have been approached ... Read More »

      Loan Modification Scams, “There should be a special place in hell for people who prey on people who are down to their last dollar”

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      The Providence Journal had a great article on mortgage loan modification scams. Here is an excerpt. “Richard Godfrey, executive director of Rhode Island Housing, said that Rhode Island, which has been experiencing “800 foreclosures a month, virtually for two years, unabated,” has been fertile ground for loan-modification scam operators. Typically, scam artists charge up-front fees, make promises that are too ... Read More »

        US Debt Resolve, First Debt Settlement Company in America to Embrace Openness and Transparency for Consumers

        US Debt Resolve Open and Transparent Home Page

        Effective April 7, 2010 US Debt Resolve, under the leadership of Scott Johnson, became the first debt settlement company in America to answer my challenge for openness and honesty in the debt settlement industry from my article “A Call, Make That a Scream, for Transparency in the Debt Settlement Industry.” I’ve had conversations with some other debt settlement companies as ... Read More »

          FTC Charges Payday Lender in Scheme to Collect Debts With Wage Garnishment

          The Federal Trade Commission has charged a payday loan operation with illegally trying to garnish borrowers’ wages and using other illegal debt-collection practices. The FTC seeks to stop these practices and require the operators to surrender improperly collected money so it can be used for consumer refunds. According to the FTC’s complaint, the operators do business as Ecash and GeteCash, ... Read More »

            Federal Trade Commission Releases “Settling Your Debts” Publication

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            The Federal Trade Commission today release a new publication to help consumers that might be considering debt settlement as a way to deal with their debt. Get Out of Debt Guy – Twitter, G+, Facebook Settling Your Credit Card Debts Settling Your Credit Card Debts If you’ve maxed out your credit cards and you’re getting deeper and deeper in debt, ... Read More »

              Eric Farrington’s Wealth Building Seminars – BUSTED

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              Eric Farrington is but yet another in a long line of get rich quick promoters to wind up on the wrong side of the law. Farrington has a Dallas based wealth building seminar business where he brags that “While homeless himself, Mr. Farrington was able to take $750.00 and purchase a 1000 unit apartment complex.” – Source So let’s flash ... Read More »

                Spirit Airlines to Charge for Carry-On Bags, Ryanair Installs Pay Toilets on Planes

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                The grand days of air travel have been gone for a long time but two recent announcements in the past day just confirm that to fly now is akin to taking a sky bus. But as far as I remember you can still pee for free on a Greyhound bus. Photo Credit: Aleksi Aaltonen Ryanair is a European airline that ... Read More »

                  CPN – Credit Profile Number / Credit Privacy Number – Craigslist Scam to Watch Out For

                  While searching out scams to avoid recently I came across many that were willing, for a fee, to help me repair bad credit using a CPN or Credit Profile Number. There is a lot of misinformation online about the CPN but what you need to know is you can’t use a fictional number in place of your valid Social Security ... Read More »

                    Here is What the Craigslist Nigerian Loan Scam Looks Like From Start to Finish

                    Merlinleo Loan Offers

                    Recently I was trolling Craigslist looking for credit offers that looked like obvious scams. There are so many that are just obviously pure scams. My dilemma became not in finding one, but picking one to focus on. People fall for these “low doc” loan offers all the time. One reason is they are desperate for a loan and they seem ... Read More »

                      AARP Gets Tough With Debt Settlement Companies

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                      Burdened with debt, millions of consumers contact debt settlement agencies in search of help – only to find out that what looked like the light at the end of the tunnel turned into a nightmare because of huge fees and deceptive business practices. As bills keep piling on the kitchen tables of a growing number of Americans, lack of regulation ... Read More »

                        A Call, Make That a Scream, for Transparency in the Debt Settlement Industry

                        Transparency

                        When I started the GetOutOfDebt.org site it began with a desire to assist consumers that were facing financial troubles. In my background I’ve not only lived through financial troubles and went through bankruptcy, but I also started a national non-profit credit counseling organization, Myvesta, to help others and then closed that organization after 12 years (1994-2006). As you can see ... Read More »

                          Clear Your Debt and Swift Rock Financial Services Get F Ratings From BBB for Bad Service

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                          The Better Business Bureau has issued an “F” rating on two Austin-based businesses, Clear Your Debt and Swift Rock Financial Services, due to allegations from consumers that promises of a solution to their mounting debt were unfulfilled. Consumers complain to BBB they contact Clear Your Debt and Swift Rock Financial Services and are offered assistance in settling their debt for ... Read More »

                            Allegro Law Receivership Frozen by Bankruptcy Court. All Client Accounts are Closed.

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                            I just got off the phone with the former Official Receiver of Allegro Law, Louis Colley. He broke some very unfortunate news to me regarding Allegro Law and how this impacts ALL Allegro Law clients. Allegro Law clients were broken up into two camps. One was the debt settlement camp and one was the debt management camp. Debt settlement clients ... Read More »

                              Why Do TASC Member Debt Settlement Companies Appear to Fail Their Own TASC Audit?

                              I don’t know how in the world I landed on this press release from The Association of Settlement Companies (TASC, but I did and I wasn’t looking for it. The press release contained a very interesting statement. – Source The audit process is investigating and confirming member compliance with organization bylaws which dictate business practices and ethics standards. In addition ... Read More »

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