Latest Posts
Home > Debt Articles (page 49)

Debt Articles

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 »

Capital One Spanked by OCC Over Servicemembers Civil Relief Act Violations

justball-144x125

The Office of the Comptroller of the Currency (OCC) today announced enforcement actions against Capital One, N.A., and Capital One Bank (USA), N.A., for violations and compliance deficiencies related to the Servicemembers Civil Relief Act (SCRA). The SCRA provides servicemembers relief from certain obligations and temporarily suspends judicial and administrative proceedings and transactions involving civil liabilities when military service affects ... Read More »

Chapter 13 Bankruptcy Trustee Sued by Bank of America to Stop Asking for Notes

justball-144x125

It appears Bank of America is none too happy with Henry “Hank” Hildebrand, a Tennessee chapter 13 bankruptcy trustee. Hank has been requiring Bank of America to produce the underling mortgage documents to prove they actually own the mortgages that are included in bankruptcy. When Bank of America can’t locate the paperwork, the trustee has been diverting the monthly payments ... Read More »

California Loan Modification Group, Owners and Manager, Hit With Millions in Loan Modification Scam

A final judgement was handed down in California against Statewide Financial Group, Hakimullah Sarpas, Zulmai Nazarzi, Sharon Fasela, aka Fasela Sheren. The July 23, 2012 decision stated all consumers who paid USHA and/or WeBeatAllRates.com from January 1, 2008 to July 14, 2009 will be contacted and offered full restitution. Restitution will be up to $2,047,041. The judge stated the owners, ... Read More »

Holy Crap – UK Consumer Loans Double Overnight

justball-144x125

It what can only be explained as a desperate attempt for UK residents to stay afloat using borrowed money, new figures out show a very disturbing trend in the amount of loans and overdrafts. According to statistics from the Bank of England, unsecured consumer lending on loans and overdrafts doubled from £379 million in April to £732 million in May. ... Read More »

I’m Worried About Being Stopped at the UK Border for an Old Debt. – David

justball-144x125

“Dear Jon, My situation is this,im a uk citizen but live abroad for most of my life,i went back to the uk on 2005 and stayed there until 2008 within that time i opened a couple of credit cards and a samll loan ,in 2008 i had to leave the uk and nevesr repayed the credit card,loan or mobile phone ... Read More »

Lloyd Ward & Associates and Meracord Hit With RICO Class Action Suit Apparently Open to All Clients

Yesterday the law firm of Hagens Berman filed a class action suit (3:12-cv-05657) in the State of Washington against Meracord (Formerly NoteWorld), Linda Remsberg personally, Lloyd E. Ward, Lloyd Ward PC, Lloyd Ward & Associates, The Lloyd Ward Group, Lloyd Ward Group II, Ward Holdings Inc, and Settlement Compliance Commission. This marks the second active class action suit against Lloyd ... Read More »

Do These Sexy Chick Pics Help Make Reading About Financial Literacy More Attractive?

Busty-Blond-In-Tank-Top

Sex sells, I think we can agree on that, so can it also help attract people to learn more about financial literacy and money topics? At least that’s what I wondered years ago. After all, what can make a boring subject the least bit attractive for those that would otherwise almost never venture into a subject they could care less ... Read More »

I Declared Myself Bankrupt in the UK But Worried About Charge Against My House. – Hayley

justball-144x125

“Dear Jon, I have recently declared myself bankrupt and this was all agreed and I have an official receiver whom I am providing information to, old banks statements, credit reports and personal information about my working life and why I got into debt. However before I was declared bankrupt I had a loan where the company would not agree a ... Read More »

Chase Bank Settles for Millions in Jacked Up Minimum Payment Case

justball-144x125

JPMorgan has agreed to pay $100 million to dispose of a suit filed alleging that Chase Bank jacked up the minimum payments due on credit cards, improperly. The $100 million settlement is 45 percent of the $220 million in alleged up-front transactional fees that consumers paid for the promotional balance transfer loans. The suit alleges Chase Bank wanted consumers to ... Read More »

Lawyers Screwed by Deceptive Hiring Rates While Hooked and Buried in Student Loan Debt

Screen Shot 2012-07-24 at 1.36.24 PM

Wouldn’t being a doctor or lawyer be nice to just rake in the dough? Well not so fast. When it comes to lawyers making a killing after law school, new data out paints a different picture. For a long time law schools had promoted how many graduates were employed after graduating. These figures gave incoming students a false impression the ... Read More »

Symphony Files Chapter 7 Bankruptcy for Creditor Protection

justball-144x125

The Napa Valley Register is reporting the Napa Valley Symphony Association has recently filed for chapter 7 bankruptcy protection. The quote by the president of the board certainly sounds similar to that felt by many people facing equally dark times. “It’s not something we did lightly,” said Michael Enfield, president of the board of the association. “But sometimes when you’re ... Read More »

California Mortgage Modification Operators and Sales Rep Sentenced

justball-144x125

Three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a mortgage loan modification scam were sentenced Friday in federal court in San Diego. United States District Court Judge Anthony J. Battaglia sentenced Ziad Nabil Mohammed Al Saffar to serve 21 months in federal prison and Sara Beth Bushore Rosengrant to serve 12 ... Read More »

Student Loan Disability Discharge Process Improved

justball-144x125

Sasha Chavkin, Special to ProPublica The Education Department proposed new rules on Tuesday to revamp its troubled program for forgiving the federal student loans of borrowers who become disabled. The new regulations came after an investigation last year by ProPublica found that the department’s dysfunctional system for evaluating disability was keeping many genuinely disabled borrowers buried in student debt. Under ... 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.