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How to Discharge Your Student Loans if You Are in the Military, Police, or Teacher

How-To

More and more at GetOutOfDebt.org we are getting questions about how to get your student loans eliminated, forgiven, or discharged if you are in or served in the military, police officer, teacher, librarian, or other public service employee. It is absurdly ironic that members of the military can go into harms way, fight in combat and yet return back home ... Read More »

AFCC Releases Report Praising Debt Settlement But There Are Big Holes

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The American Fair credit Council (AFCC) recently released a couple of documents they hoped would persuade people about the value of debt settlement. I was asked to review the findings in the documents and offer my opinion. The first presentation is one that was supposedly given to the Federal Trade Commission and Consumer Financial Protection Bureau, at least judging from ... Read More »

How Getting Out of Debt Can Hurt Your Credit

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How Getting Out of Debt Can Hurt Your Credit (via Credit.com) A common concern you may have when searching for the best debt relief solution is how it will impact your credit score.There are many misconceptions about credit reports and the harm that comes from credit counseling, settling debt for less than what you owe and bankruptcy. Your credit report ... Read More »

Bankruptcy Filings Drop Ending March, 2013. Less Need for Debt Help.

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The latest bankruptcy filing numbers are out for the twelve month period ending March, 2013. In March there were 804,885 chapter 7 bankruptcy filings and 355,081 chapter 13 filings. For a total of 1,159,966. In comparison, in the twelve month period that ended March, 2012 there were 958,757 chapter 7 bankruptcy filings and 396,175 chapter 13 bankruptcy filings. For a ... Read More »

NFCC Press Release Seems to Misrepresent Truth About Credit Counseling. But Why?

questions

The National Foundation for Credit Counseling sent out a press release today claiming their survey uncovered public misconceptions about credit counseling agencies. The press release listed five areas the NFCC felt consumers struggled with in knowing the truth about credit counseling. But some of the points the NFCC felt they needed to clarify appear to actually misrepresent the truth to ... Read More »

Infomercial Pitchman Kevin Trudeau Claims He’s Too Broke to Pay Millions in Sanctions

Free Money

Kevin Trudeau is best known on this site for his books targeted towards those in financial trouble, including “Debt Cures” and “Free Money “They” Don’t Want You to Know About.” On March 6, 2013 U.S. District Court Judge Robert Gettleman issued an opinion and order that describes how Kevin Trudeau has been dodging his $37 million sanction he was ordered ... Read More »

Advantage Debt Solutions and Anthony Krysinski Sued by NC AG.

Fallout Shelter Sign

The State of North Carolina has obtain a court order against Advantage Debt Solutions and Anthony Krysinski for selling advance fee debt settlement services. The complaint filed by the State said, “The defendants are offering a deceptive and illegal debt settlement scheme to consumers in North Carolina. This scheme, which is prohibited by North Carolina law, purports to relieve consumers ... Read More »

Meracord / NoteWorld Still Taking a Beating Over Debt Relief Activities. Drags Many In.

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Courthouse News is reporting a new class action suit has been filed against Meracord (NoteWorld) and other for debt settlement activities. This 50 page complaint was filed by Steve Berman ([email protected]) with Hagens Berman Sobol Shapiro in Seattle and makes similar allegations as other suits have. The suit damns companies that have worked or are working with Meracord. It’s like ... Read More »

Jet Debt Settlement. Are You Kidding Me?

Cure the disease

A reader and tipster (send in your tips here) sent me a copy of an email they recently received from a company called Jet Debt Settlement. We’ve got some bad news for you. Your debt isn’t going away. In fact, as You read this, it’s getting worse. Fees and Penalties are adding up. The Good News Is – We’ll Settle ... Read More »

How to Get Out of Debt of Any Kind

debt

How do you get out of debt? It’s a question lots of people are asking these days, and the reality is that the answer depends on what type of debt you have. For example, you may need a different strategy if you have 3 maxed out credit cards than if you have a student loan and medical debt. But not ... Read More »

Consult America Decides Credit Card Modification is New Name for Debt Settlement

From now on these will be called horses.

Companies have been scrambling to get away from the term debt settlement in an effort to try and claim the services they offer are nothing like the bad debt settlement companies that charged huge advance fees. Consult America is one such company apparently. A tipster (send in your tips here) sent me a copies of an emails they received from ... Read More »

Credit Alliance Group and Shane Garner Sued by State of Texas

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Texas Attorney General Greg Abbott has charged a Dallas-based debt management firm with defrauding its customers. The State’s enforcement action sought an asset freeze and temporary restraining order against Shane V. Garner and Credit Alliance Group (CAG) dba Credit Services Today. The complaint filed alleges Garner and Credit Alliance Group operated as an unlicensed debt management service provider in Dallas, ... Read More »

How to Find a Great Bankruptcy Attorney

Be my bankruptcy superhero and take the time to find the best bankruptcy attrorney for you.

I’ve written a number of guides about all sorts of debt related issues but for some reason I’ve never written one about how to find a great bankruptcy attorney. So here goes. Having lived through bankruptcy myself I am very familiar with what I felt when searching for a bankruptcy attorney. It’s bad enough suffering in silence with debt but ... Read More »

Consumers in Life and Money Trouble More Likely to be Scammed

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Consumers who were more willing to take risks and those who had recently experienced a negative life event (such as a divorce, death of a family member or close friend, serious injury or illness in their family, or the loss of a job) were much more likely to have been victims of fraud and scams. Consumers who indicated they had ... Read More »

Get Out of Debt Guy Gets a Collection Notice

toll booth

It is so ironic to be the Get Out of Debt Guy and get a collection notice yourself. But that’s what happened to me recently. I guess the good news is since I help people with debt every day I was prepared to deal with it. The collection claim was that I owed $51 to the State of Delaware for ... Read More »

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