Tag Archives: debt
- Federal Reserve Report Digs Into Consumer Debt
A new Federal Reserve report is out that describes the status of household debt and credit developments in the third quarter of 2011. The report shows the total amount of indebtedness is still mostly contracting. The number of credit card accounts is still down to near decade low levels. Car loans are slightly increasing while [...]
- It’s Been A Year Since The TSR – What’s Changed With Debt Settlement?
A year ago this month the Federal Trade Commission (FTC) barred debt settlement companies that used telemarketing from accepting up-front fees. Although it’s been an entire year since this change we are still see companies trying sneak in those up-front fees with businesses trying to exploit loopholes. The whole purpose of the Telemarketing Sales Ruling [...]
- Root Canals and Appendectomy Were Expensive and Landed Me in Bankruptcy. – Ray
“Dear Lewis, Made many not so smart mistakes which put me into serious credit card debt over the past 8 years or so. Followed by some dental work (multiple root canals) that had to be paid with credit card. Last year, had an emergency appendectomy that ended up in an medical insurance mess up. Ended [...]
- Should I Sign With Fast Track Debt Relief? – Mary
“Dear Damon, I am ready to meet with a person on Monday to sign a paper for Fasttrackdebtrelief program. I was researching it..I am scared now.I don’t trust it. I saw your name in reviews about Fast Track.I need advise~~It is Saturday I am overwhelmed with a large amount of debt..I am struggling to pay [...]
- Debt Settlement: Top Ten Most Misunderstood Facts
Over the past few years debt settlement has been in the news, not always in a good way. Many consumers have complained about the services they’ve received while some have been very happy. Much of the disparity in the perception of the service is due to misconceptions about the process itself. So here are the [...]
- Trapped in a Debt Settlement Contract. What to Do? – Dean
“I contracted a debt settlement company now that it changed. I signed with them back in May of 2010, this was before the new law changed for settlement companies not to be able to charge up front for settlements. The contract is crazy, and I was stupid to sign it. I was totally delusional from [...]
- With Debt, Do Us Part?
In searching for material for my next video project, I stumbled across a video that literally, made me do a triple take. A YouTube user preaching to viewers ways to save and budget money. Some of his advice had merit but there was one part that made me question out loud: “Did he REALLY just [...]
- Worried Sick Asks “Am I Worrying Myself Sick About My Financial Future?”
I got a question submitted today through the GetOutOfDebt.org site that really caught my attention. If you have a debt related question, you can ask me for free help also. “Dear Steve, I just turned 25 and I am still living home with my parents. I have attention-defecit disorder and severe depression/anxiety. I am currently [...]
- Collectors Called Constantly Scared of Foreclosure, What Can I Do? – Roy
“Dear Steve, I have recently taken over management of finances and bill paying from my wife. I always knew we had some lingering credit card debt that had been following us since college, but I had no idea what the real situation was. At this point we are $51,000 in credit card debt. We have [...]
- 44 Lessons in Life for Debtors
Here is an excellent video that was sent to me by a friend which contains 44 perfect life lessons for debtors. The video helps to put what really matter into perspective and to refocus us to realize that while debt is painful and immediate there are still joys and opportunities around for us to still [...]
- I Want to Get Out of Debt Without Bankruptcy. – Kristy
Kristy wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- How Do I Handle the One Creditor Not in My Debt Consolidation Plan That is Suing Me? – Tony
Tony wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I’m Active Duty Army in Iraq and Need to Deal With My Debt Back Home. – Howard
Howard wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I Was in Jail for 7 Months And Now Behind on Credit Cards. – John
John wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I Don’t Want to Get Married With Debt. – Brandi
Brandi wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]