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Consumers in Life and Money Trouble More Likely to be Scammed

ftc

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 »

Consumer Credit Counseling Pros and Cons. My Ultimate Guide to Understanding How Credit Counseling Really Works.

hiding

Consumer credit counseling is one of the options people turn to when dealing with debt issues so let’s take an honest look at the pros and cons of the program and what it has to offer. Consumer credit counseling in one form or another has been around as debt proraters, debt lumpers, or debt consolidators since the late 1930s. But ... Read More »

Mortgage Relief Checks On the Way and Being Cashed

money

Nearly 50,000 checks totaling nearly $50 million relating to the Independent Foreclosure Review Payments have been cashed or deposited as of close of business on Monday (April 15), according to officials at the Office of the Comptroller of the Currency. Borrowers with questions regarding payments should contact the Paying Agent—Rust Consulting, Inc. at 1-888-952-9105, Monday through Friday, 8 a.m. – ... Read More »

FTC Takes Action Against Company That Hits Cell Phone Users With Charges

ftc

The Federal Trade Commission has taken legal action to shut down an operation that allegedly took in millions of dollars from placing charges on consumers’ mobile phone bills, many of which were “crammed” or unauthorized charges. The complaint against Wise Media, LLC, Brian M. Buckley and William J. Deloney is the first FTC case against mobile cramming and part of ... Read More »

What Getting Out of Debt Will Really Cost You

debt repayment calculator

When faced with problem debt people typically make an emotionally charged choice on how to deal with it. Generally the choice they make addresses their emotional needs but fails to logically solve the underlying math problem. This is a subject I’ve talk about a lot here. Today I want to talk about the real cost of getting out of debt. ... Read More »

The Ultimate Debt Consolidation Loan Guide: Getting Approved, Acting Smart, and Being Wise

loan-approved

You hear a lot of rubbish online about getting a debt consolidation loan and a lot of just flat out incorrect information. It’s time to put an end to that and help you get the facts so you can make a good educated decision. So here is my guide to help you learn the pros and cons about getting a ... Read More »

If You Get This Debt Collection Email. It’s Dubious at Best.

garbage can

One of my Facebook followers sent me this email they got for a debt collection company trying to scare them into paying a debt they most likely don’t owe. This effort ranks right up there with all the other bogus debt collection efforts that try to scare someone into paying a debt the company may not be authorized to collect. ... Read More »

Debt Settlement Pros and Cons. My No BS Guide to Settling Your Debt.

the truth smaller

I’m shocked. Apparently I’ve never written an article on the advantages and disadvantages of debt settlement and what to look for or watch for when you go to settle your debt. So here goes. The process of settling debt is age old. It goes back to the time credit was first extended. It’s nothing new. In fact, merchants have been ... Read More »

New Rescue One Financial Loan Offer Letter Still Raises Concerns

Cosplayers at San Diego Comic Con 2009

Rescue One Financial has been sending out what I feel to be a problematic mailer offering consumers loans but consumers report being switched into debt settlement programs with Freedom Debt Relief instead. That has concerned me since it sure seems like a bait and switch effort to tell people they are going to get loans but sell them into debt ... Read More »

Former Bank President and Real Estate Developer to Buy Soap on a Rope

mans hands behind bars in jail or prison

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the Eastern District of Louisiana Dana J. Boente today announced that Reginald R. Harper, age 59, a resident of Hammond, Louisiana, the former president and chief executive officer of First Community Bank of Hammond, Louisiana, and Troy A. Fouquet, age 45, ... Read More »

WV Wins Judgment Against Nonprofit Credit Counseling Agency and a Number of Debt Relief Companies

punched-in-face different

On March 20, 2013 the State of WV was granted a judgment against James Armstrong, Family Credit Counseling, Debt Solutions Foundation, Top Financial Sales & Marketing, Consumer Financial Marketing, Consumer Debt Management & Education, JRA Property & Land Management, Vegga Corporation, and American Debt Counseling. Court records indicate Family Credit Counseling Corporation was a federally tax-exempt nonprofit and was in ... Read More »

Is Rescue One Financial Hiring People to Lie to Google?

no bullshit

A tipster (send in your tips here) alerted me to a job posting that pays people to fraudulently report this post, Alleged Former Employee Speaks Out About Rescue One Financial Loan Offers to Google as spam. The job posting, pays people $0.50 to submit a fraudulent spam report about the post about Rescue One in what can be assumed an ... Read More »

The Budget Reality of Digging Out of Debt

budget napkin

Today I want to talk about the reality of digging out of debt with budgeting and reducing expenses and the Debt Bridge. But how to do a budget is not my focus today. Instead I want to focus on the incorrect assumptions many seem to have about the amount of money they need to make available in their budget to ... Read More »

Fidelity Land Trust Sued to Give Title Back to Homeowner

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Kimberly Miller with the Palm Beach Post is reporting at least one homeowner is suing Fidelity Land Trust. “Kenneth and Joycelin Morgan filed a lawsuit last week against Fidelity Land Trust Co. and affiliated firms, saying they thought they were signing up for help reducing their mortgage amount but instead were deceived into a contract that cost them $5,000 upfront, ... Read More »

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