Monthly Archives: July, 2010
- It’s a Game Changer – Initial Review of New Rules for Debt Relief Services, Advertisers, Marketers, and Providers
This assessment of the new debt relief industry rules from the Federal Trade Commission comes from my friends at the Venable law firm and is worth reading for their assessment. Get Out of Debt Guy – Twitter, G+, Facebook FTC Issues Final Rules for Debt Relief Services: Landmark Changes for Service Providers, Advertisers and Marketers [...]
- I’m a Salesman But Need to Go Back to School But Banks are Suing Me. – Jason
“Dear Steve, Salesman drawing $2k/mo – spouse $3k/mo; no commission. $1600 mortg, secured debt $220k+ (with house, car, furniture); $65k+ unsecured debt (loans, cc) $120k school loans – in deferment. Need to go back to school, but getting judgments placed for credit cards. Feel I’m too far gone to handle this alone. Is consumer credit [...]
- I’m Divorced and Confused By a Demand That I Pay on an Old Mortgage. – Stephanie
Stephanie “Dear Steve, My husband and I divorced over 10 years ago, when I sold our house it wasn’t enough to pay off the second mortgage, and since they had messed up in the paperwork they signed off and the sale of the house and we assumed the loan. I never signed a new contract [...]
- July 31, 2010 – My Photo of the Day
One of my greatest joys, is my photography. It is something that I love to do. It is an extremely personal part of me that I thought I’d share with you. Even if you are facing difficult financial times, find something you love to do, and do it. Being in debt does not mean you [...]
- “Debt Adjustment” – Meanest Racket Out
“Debt Adjustment” – Meanest Racket Out by Murray Bloom “Get out of debt.” “Restore your credit without a loan.” “We can help you even if you’ve been turned down by everyone else. ” In the past two years these and similar slogans have lured thousands of desperate Americans and Canadians into one of the meanest [...]
- July 30, 2010 – My Photo of the Day
One of my greatest joys, is my photography. It is something that I love to do. It is an extremely personal part of me that I thought I’d share with you. Even if you are facing difficult financial times, find something you love to do, and do it. Being in debt does not mean you [...]
- Vice President Biden’s Comments and Pictures From the FTC Debt Relief TSR Press Conference July 29, 2010
Below you will be able to hear my recording of Vice President Biden’s comments during the announcement of the new Federal Trade Commission Telemarketing Sales Rules that cover debt relief services. You can hear all of the photographers in the background, including me, and the audio in the room wasn’t all that loud so you [...]
- I Would Like to Consolidate My Debt, However I’m Having a Difficult Time Finding Someone Who Will – Laurie
“Dear Steve, I am current of all of my debt. Do not have any past due debt. I do have about 25,000 in credit card debt and would like to consolidate, however am having a difficult time finding someone. Also, my main problem is that I have a Bank of America card fo 12,000 that [...]
- Debt Relief Services & the Telemarketing Sales Rules Announced July 29, 2010
Here is a guide on the Debt Relief Services & the Telemarketing Sales Rules to go into effect October 27, 2010. Get Out of Debt Guy – Twitter, G+, Facebook Many Americans struggle to pay their credit card bills. Some turn to businesses offering “debt relief services” – for-profit companies that say they can renegotiate [...]
- Interview with Allison Brown of the FTC on the New Debt Settlement Telemarketing Sales Rules
After the press conference at the White House with Vice President Biden and FTC Chairman Jon Leibowitz I had a moment to catch up with Allison Brown of the FTC to talk for a minute about the impact of the new telemarketing sales rules and how it would impact companies. Allison told me also that [...]
- July 29, 2010 – My Photo of the Day
I was at the White House today for a press conference so that gets to be my picture of the day.
- I Am Current on My Bills But Have Really Nothing Left. – Sheilah
Sheilah “Dear Steve, We make good money. Have 5 credit cards totalling $73,500. Already have a loan out on my 401K. I’ve got a child going off to college in two years. Creditors are now increasing my interest rate (they say across the board) because my credit rating is less than 719. I am so [...]
- White House Press Conference July 29, 2010 – FTC Debt Relief TSR Announcement
This is the post to follow for all the news related to the press conference this afternoon at the White House regarding the announcement of the new telemarketing sales rules that cover debt settlement and debt relief providers. I’ll update this post with information as I can. The plan is after the press conference with [...]
- I’ll Be At the White House Press Briefing for the New FTC TSR Debt Relief Rules on July 29, 2010
Watch this site for updates on the TSR press conference at the White House. I have my press pass so I’ll be going to the press conference and plan to post updates on the site as quickly as I can. For those that want real time updates I’d suggest you follow me on Twitter at [...]
- Debt Settlement and Debt Relief Telemarketing Sales Rules to be Announced July 29, 2010
FTC Chairman to Announce a New Debt Relief Rule to Protect Financially Distressed Consumers at Middle Class Task Force Event WASHINGTON – Tomorrow, Thursday, July 29th, at 1:30 PM ET, Federal Trade Commission Chairman Jon Leibowitz will announce a new rule to protect consumers of debt relief services at a Middle Class Task Force event [...]