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Welfare and Benefit Fraud Statistics Show a Disturbing Pattern

Food stamp or SNAP fraud seems to at relatively low measured levels.

For some reason I’ve been getting a lot of questions and statements from people that feel that there is a tremendous amount of benefit or welfare fraud taking place. Is there fraud in benefit systems? Without a doubt I’m positive there is. But the level of welfare or public benefit fraud is a much disputed figure. So to find out ... Read More »

Bankruptcy Filings Down in 2012. Continued Bad News for Debt Relief Industry.

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The latest statistics out from the United States Courts show that bankruptcy filings are dropping. That’s good news for consumers and bad news for companies that sell debt relief services. According to filing data, the number of non-business bankruptcy filings for the same year-on-year period ending September 30 has significantly dropped. Chapter 7 bankruptcy filling dropped from 1,036,950 to 874,337. ... Read More »

Morgan Drexen Threatens This Site to Remove Links

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I can only assume that Jennifer Hamlin from Morgan Drexen did not intend to threaten this news site, but that’s exactly what happened with this email we just received. “Please remove any and all links to morgandrexen.com or www.morgandrexen.com from www.getoutofdebt.org and any other websites you are in control of that link to our website. The following URL is containing ... Read More »

Debt Survival Bible – Three Months After a Natural Disaster

Sometimes the financial recovery from a natural disaster can seem impossible.

Hopefully your life and financial life have recovered by now from the natural disaster you lived through. If not, then we’ve got some work to do and if your income has not returned to pre-disaster levels we need to start thinking about dealing with your current debt levels. As I’ve said before, the ability to restore your income is of ... Read More »

Debt Survival Bible – One Month After a Natural Disaster

Things don't get fixed overnight after a disaster. These things take time.

If you are reading this then it might have been a month since you experienced a major life disaster. Maybe it was a natural disaster like a flood, earthquake, or big storm. A lot has surely happened in the last month. Maybe you are back in your home, it’s badly damaged, or it was destroyed. I’m assuming though that if ... Read More »

Watch Out Mexico, Here It Comes

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Consumer debt is expected to robustly rise in Mexico through 2013, according to Citigroup’s Mexican Banamex. Banamex is Mexico’s second largest banking company and is expecting heavy growth in consumer demand for mortgages, credit cards, and payroll loans. Banamex, which supplies around 12% of Citigroup’s annual net profit and is Mexico’s second-biggest bank, grew its credit portfolio by 14% on ... Read More »

Office of the Comptroller of the Currency Money Waiting – Scam Alert

Example of scam document being sent to consumers.

The government agency, Office of the Comptroller of the Currency (OCC) is warning consumers to be on the lookout for fraudulent messages that are intended to scam money out of consumers. The OCC says fictitious correspondence, allegedly issued by the Office of the Comptroller of the Currency (OCC) regarding funds purportedly under the control of the OCC and other government ... Read More »

AKPK in Malaysia Using Powerful Debt Management Programme to Save Debtors

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AKPK, Agensi Kaunseling dan Pengurusan Kredit, in Malaysia is part of the central bank of Malaysia, Bank Negara Malaysia and offers help and assistance to people facing financial trouble. Along with financial counseling the organization also offers a debt management programme (DMP). Unlike a U.S. DMP, the AKPK DMP is developed based on available cash flow and not creditor demands. ... Read More »

What Happened to Debt Settlement USA?

A tipster (send in your tips here) sent me in a question: When you click on www.debtsettlementusa.com, Freedom debt relief comes up. Did Debtsettlements usa open under another name. I was ripped off by these peoples for a lot of money. One day they were there and the next they were gone. It appears the company failed. According to Arizona ... Read More »

Debt Survival Bible – Immediately After a Natural Disaster

Sometimes it can feel as if surviving the disaster is worse than the disaster itself.

Okay, the worst has happened and you are now displaced and out of your home. Hopefully it will only be for a short period of time but in some cases it might take weeks and years to get your financial life back to some version of what it was before the disaster. The first thing I need to get through ... Read More »

Debt Survival Bible – Natural Disaster Evacuation Guide

Evacuation Traffic

Life is unpredictable. When you least expect it some manmade or natural even can suddenly appear in your life and through your world into turmoil. Be it a hurricane, wildfire, tsunami, earthquake or other natural disaster; you need to know what to do to handle the event and survive financially. This guide will help you to financially prepare to evacuate ... Read More »

Debt Survival Bible – Natural Disaster Hunker Down Guide

Fallout Shelter Sign

If you are facing a natural disaster and must shelter in place then follow the steps below to best prepare to protect your finances while you ride out the event and recover. Depending on how bad the event is, it might be a day, weeks or months before your financial life returns to some degree of normalcy. Financially preparing for ... Read More »

Debt Survival Bible

Money and book

The GetOutOfDebt.org Debt Survival Bible is for people that may have found themselves in a tough spot through no fault of their own. The individual guides are written as a guide to help people avoid or deal with financial problems or money troubles created through external events. Please share this guide with others by liking it on social media sites ... Read More »

Rescue One Financial Still Sending Disturbing Mailer

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Previously an alleged former employee of Rescue One Financial spoke out about a marketing practice that concerned them. See Alleged Former Employee Speaks Out About Rescue One Financial Loan Offers I expressed concern to both Freedom Debt Relief, who was getting referrals from this, and Rescue One Financial about the marketing mailer and specifically asked both for evidence Rescue One ... Read More »

We Buy Houses Ploy Raising Concerns in Australia Now

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We’ve seen the We Buy Houses signs. You know, those ubiquitous signs on yard stakes and nailed to light poles that claim cash is waiting for your home. The way the business plan works is that investors can find desperate people, called “Don’t Wanters” who they can buy their house for less than it is worth and either flip the ... Read More »

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