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The Truth About Credit Counseling and Debt Settlement. Interviewed by Mary Hunt.

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Today I appeared on the radio show of Mary Hunt and talked about the realities of modern credit counseling and debt settlement issues. You can listen online: If you can’t see the player above, click here. Get Out of Debt Guy – Twitter, G+, Facebook Read More »

Loan Modification Boiler Room and Success Rate Exposed

Responding to a just-released report that exposes the inner workings of a loan modification boiler room, California Attorney General Brown warned homeowners to avoid “shadowy and unscrupulous” loan modification consultants who use aggressive telemarketing tactics and charge thousands of dollars in upfront fees for foreclosure relief. The report, written by a court-appointed receiver, found that H.E. Servicing, Inc., a loan ... Read More »

NASCAR Ponzi Scam Nabs Drivers

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“Basically, the Ponzi scheme made investors believe that they could get them a guaranteed return on their investment up to 40.8 percent and they got them to invest their money and then used their money for their own personal gain. Our investigation is still in the process of collecting evidence and sorting through the different computers and everything else we ... Read More »

Credit Card Arbitration Falls Out of Bed. Began with National Arbitration Forum Getting Sued.

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Minnesota Attorney General Lori Swanson and the National Arbitration Forum—the country’s largest administrator of credit card and consumer collections arbitrations—have reached an agreement that the company would get out of the business of arbitrating credit card and other consumer collection disputes. “I am very pleased with the settlement. To consumers, the company said it was impartial, but behind the scenes, ... Read More »

Foreclosure Rescue and Mortgage Modification Help Just Bad Actors in New Clothes

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The New York Times has a great article out about the transformation of subprime mortgage brokers into new entities that promise to sell help for people to get mortgage help. Late last year, he and his team — ensconced in the same office where they used to broker mortgages — began working for a loan modification company. For fees reaching ... Read More »

Mortgage Lenders Start to Foreclose but Stop to Leave Owners On The Hook

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I just finished reading a really great article titled “Lenders Abandoning Foreclosed Properties” that was eye opening. Apparently lenders are beginning the foreclosure process, the home owner moves out, but before the foreclosure sale is finalized, the lenders are halting them. This seems to leave the home vacant and still the financial responsibility of the owner that thinks they lost ... Read More »

I Want You to Meet Who You Helped Today – Oscar

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It is important for you to meet who we helped today through this site. As I mention, all over the place, revenue from people clicking on ads and using the service of advertisers is used to help sponsor people in poverty through Kiva. Please visit or use the services of advertisers on the GetOutOfDebt.org site so we can help more ... Read More »

California Sues Individuals, Lawyers and Companies That Offered Loan Modification Services

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Attorney General Brown Sues 21 Individuals and 14 Companies Who Ripped Off Homeowners Desperate for Mortgage Relief As part of a massive federal-state crackdown on loan modification scams, Attorney General Edmund G. Brown Jr. at a press conference today announced the filing of legal action against 21 individuals and 14 companies who ripped off thousands of homeowners desperately seeking mortgage ... Read More »

New Jersey Goes After Loan Modification and Debt Settlement Companies. Suits Filed.

Continuing the State’s effort to combat mortgage-related fraud, New Jersey Attorney General Anne Milgram announced today the filing of two new lawsuits charging a total of 10 individual and corporate defendants with selling bogus loan modification services to distressed homeowners. Defendants in the two unrelated cases are charged with collecting unlawful “up-front” fees for loan modification services that either never ... Read More »

I Went Chapter 13 Bankruptcy Twelve Years Ago. How Do I Get Out? – Tammy

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“Dear Steve, FILED FOR CHAPTER13 IN NOV.97 AND HAVE PAID ALL PAYMENTS .BUT NOW WOULD LIKE TO GET OUT.CAN I GO BACK TO PAYING CREDITORS MYSELF Your Question I FILED FOR CHAPTER 13 IN NOV.97.WHAT HAPPENS IF I WANT TO DISMISS THE CASE? Tammy” Read More »

Facts Reveled in National Arbitration Forum Lawsuit Should Make You Want to Puke

The state of Minnesota recently filed a lawsuit against the National Arbitration Forum, the entity that claims to independently resolve consumer issues with creditors through binding arbitration. We’ve known for year this is a well controlled scheme in which the outcome is all but certain when a case goes to arbitration, the consumer will lose. In the lawsuit, download a ... Read More »

Minnesota Attorney General Sues National Arbitration Forum. Claims Consumer Deception.

Today the Attorney General of Minnesota, Lori Swanson, filled a lawsuit against the largest consumer arbitration company, National Arbitration Forum. She claims that the National Arbitration Forum tells the public and government that it acts fairly and impartially to help mediate complaints between consumers and credit card companies. It appears that Attorney General Swanson finally found the magic word to ... Read More »

Watch Video About Inside Business Opportunity Fraud

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If you can’t see the video above, click here to watch Get Out of Debt Guy – Twitter, G+, Facebook Read More »

Missouri Attorney General Testifies Before U.S. Senate About Debt Settlement and Mortgage Rescue Scams

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Attorney General Chris Koster will testify before the U.S. Senate Commerce Committee today on the increase in mortgage-rescue and debt-settlement fraud Missouri is experiencing during the downward economic times. I just watched the live feed of his testimony and hopefully his testimony will be made public. If you are running a debt settlement company in Missouri, it wasn’t pretty testimony. ... Read More »

My Upcoming Economic Tour to Visit America in Trouble

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Pam and I are going to set off on a tour of places that have been hard hit by unemployment, foreclosure, or bankruptcy. It looks like we’ll be on the road in August and just observing and recording as we go. Years ago I did a cross country tour of America to interview people about their credit and debt concerns. ... Read More »

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