Latest Posts
Home > Debt Articles (page 48)

Debt Articles

I Moved From the UK But Left Debt. Is My House in the EU at Risk? – Fedra

justball-144x125

“Dear Jon, I need your advice, I have been working in the UK for 3 years , then moved back to my home country in the EU , where I have my own house., without any mortgage. I have left about 10.000 pound of debt behind me in the UK. I am just wondering if I am going to put ... Read More »

New Free Consumer Credit and Debt News Service Launched by GetOutOfDebt.org

Screen Shot 2012-08-02 at 4.44.49 PM

We’ve just finished a new section of the website dedicated to the latest news and information on a wide variety of consumer credit and debt subjects. The news section is updated around the clock and both a daily email and realtime RSS feed are available for those who want to track the latest consumer credit and debt news, as we ... Read More »

Bankruptcy Should Be the Last Resort Many Say. But That’s Just Not True.

justball-144x125

There they go again, “bankruptcy should only be considered as a last resort.” We’ve all heard that rumor or authoritative statement, many times. You even read it again and again in mainstream media. But here is the problem with that statement, it’s just not true. There are plenty of times when bankruptcy should be considered the first resort, not the ... Read More »

Summit Legal Group Loan Modification Attorney – Disbarred

justball-144x125

William O’Toole, a Florida attorney that ran Summit Legal Group that claimed to be able to save homes from foreclosure and get loan modifications, has been disbarred for at least five years. The Florida Bar stated, “William Timothy O’Toole, 120 E. Oakland Park Blvd., Suite 105, Fort Lauderdale, disbarred effective immediately, following a May 22 court order. (Admitted to practice: ... Read More »

The Credit Card Landscape 2012 2Q [Infographic]

justball-144x125

courtesy of CardHub.com Read More »

Superior Debt Relief Services And Their Incomplete Settlement Averages

Screen Shot 2012-08-01 at 12.07.31 PM

A reader sent me a link to the Superior Debt Relief Services page on “Past Settlement Averages” and wanted my opinion on what it presented. Well if we were looking for a good example of what not to do in presenting fair and balanced information to consumers, this would be it. I’ll give them a half prop for trying to ... Read More »

CFPB Sues Lawyer and Law Office for Loan Modification Services

It appears the Consumer Financial Protection Bureau, under Enforcement Director, Kent Markus, is finally taking the gloves off and going after debt relief groups. This action moves against a law firm and lawyer that was working with outside parties to sell advanced fee loan modification and foreclosure resue services. According to Loeb & Loeb, “The CFPB sought and obtained a ... Read More »

Mortgage Assistance Scam Targets U.S. Consumers But Operates From Dominican Republic

justball-144x125

At the request of the Federal Trade Commission, a U.S. district court has halted a nationwide scam operating from the Dominican Republic – but pretending to be in Chicago – that allegedly peddled fake mortgage assistance relief to financially distressed Spanish-speaking homeowners in the United States. The defendants promised to dramatically lower homeowners’ monthly mortgage payments in exchange for a ... Read More »

Listen as Tough as Nails Consumer Dishes It Out to Legal Helpers Debt Resolution Supervisor

Screen Shot 2012-07-31 at 9.44.15 AM

A reader and tipster (send in your tips here) sent me in a number of recorded calls with LHDR and information of her attempt to hunt down the Irvine office. She said: “I have reported LHDR to BBB and attorney general in California, Colorado and Illinois. I happened to be visiting in California – so I attempted to find these ... Read More »

Understanding APR

justball-144x125

Dear Dollar Stretcher, Most of us have at least one mortgage these days, but there is so much confusion over the interest. It seems that by the time you’ve paid off your mortgage, the interest costs more than your home. I would love to know how the interest is calculated and how it can end up being way more than ... Read More »

Bank of America Sues Fidelity Land Trust With Foreclosure Action

2936 Estill Street, Deltona, Florida

Fidelity Land Trust Company, a Florida based company who claims they are the “only real cash buyer of properties with negative equity” (source), a company I’ve writen about before (here) has been sued by Bank of America in Volusia County, Florida. I’m not sure if this is the first time they’ve been sued for foreclosure on one of the properties ... Read More »

Beware of Omni Home Solutions and Rampart MMW Says Former Client

Darrell Neilander, a former client of the foreclosure/tust company/mass joinder companies Omni Home Solutions and Rampart MMW sent in the following contributed information in an effort to help inform others of his experience with two companies that are claiming to help save his property from foreclosure and get his home free and clear. I’ve written about these companies, Omni Home ... Read More »

COURT ORDERS LAKOTA CASH AND TWO OTHER INTERNET PAYDAY LENDERS TO SHOW CAUSE WHY THEY SHOULD NOT BE HELD IN CONTEMPT FOR FAILING TO COMPLY

justball-144x125

COURT ORDERS LAKOTA CASH AND TWO OTHER INTERNET PAYDAY LENDERS TO SHOW CAUSE WHY THEY SHOULD NOT BE HELD IN CONTEMPT FOR FAILING TO COMPLY WITH THE ATTORNEY GENERAL’S INVESTIGATIVE SUBPOENAS In a case that has implications nationwide, the Circuit Court of Kanawha County issued an order on October 24, 2011, holding that Payday Financial, which did business as Lakota ... Read More »

Octomom the Latest to Endorse Payday Loans

justball-144x125

[repostus thumb=2569712 hash=8de81793c1c5e05ac067a54a2626145a title=Octomom%20the%20Latest%20to%20Endorse%20Payday%20Loans host=Credit.com short=1iztg] Read More »

Study: Payday Loans Used for Expenses, Not Emergencies

justball-144x125

[repostus thumb=2584759 hash=f948eb892894bd187b60668de1e8392e title=Study%3A%20Payday%20Loans%20Used%20for%20Expenses%2C%20Not%20Emergencies host=Credit.com short=1iJl8] Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.