Tag Archives: consumer debt
- Should We Eliminate Consumer Debt For Everyone and Start the Economy Over
As crazy as this idea sounds, one thought floating around right now is that of forgiving large tracts of consumer and mortgage debt to swiftly deal with the debt problem in the country today so we can get consumption back on track. As long as consumers are buried in debt, and they are, with little [...]
- What Do You Know About Real Solutions Consumer Counsel? – D
“Dear Steve, I am looking for a real solution- and this shows up in the mail. D” Click image for larger view. The Answer: Dear D, Before this I had not heard of Real Solutions Consumer Counsel. Let me review the letter you sent in with your email. It appears that the data used to [...]
- Complaints About Bill Collectors Rocket as Debt Collectors Get Tough
A story by CNN today makes my article on How to Hide From Debt Collection, the Debt Collector and Creditors even more timely. After several years in which Americans were buying stuff on credit they couldn’t afford, a rapidly increasing number are complaining about getting harassed and abused by bill collectors. Nearly 71,000 people filed [...]
- Double Standard For Debt Settlement. Not So Sleazy Now, Ask Hilary Clinton, John Glenn and the FEC.
Consumer debt is a world of double standards. On one hand you have advocates screaming about the evils of debt settlements or that groups that charge people for professional help to do debt settlements are ripping off consumers because settling debts is something that anyone can do. Don’t get me wrong, I’m not a huge [...]
- Government Help With Credit Card Debt
A question I am getting asked more and more is about what programs the government offers to help you get out of debt or to eliminate credit card debt. These questions usually involve inquiries about government grants and loans that people hear whispers about that they believe will dispose of problem debt as well. Up [...]
- New Indian Middle Class Gets Caught In the Whirlwind of Revolving Credit
It’s tough all over — and not just in the United States. In India, where revolving credit is still relatively new, consumers are struggling under the weight of crushing consumer debt, according to a story in the Wall Street Journal this morning. But it’s not just Indian consumers who are suffering. The banks that handed out this easy money are being hammered as well. Indeed, card companies that
- Tithing, Saving and Getting Out Of Debt – The Personal Finance Bloggers Brain Trust
This weeks question put to the personal finance bloggers brain trust at GetOutOfDebt.org was: When people are working with a credit counselor or working up their own budget they often hear or believe that they should not make religious contributions and should not put any money in savings while they are making debt repayments. Instead, [...]
- Lourdes Writes In “What Should I Do to Get Out of Debt?”
Lourdes wrote to me through the GetOutOfDebt.org website. If you have a question about consumer credit, consumer debt or about getting out of debt, you can write to me through the site also. “Dear Steve, I’m in debt really heavy from credit cards and other loans. What should I do to get out of debt. [...]