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Tag Archives: debt

ATTORNEY GENERAL FILES SUIT AGAINST DEBT COLLECTION AGENCY

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Attorney General Dustin McDaniel today filed a consumer-protection lawsuit against a Kansas-based debt collection agency that has illegally sought to collect on payday loan debts in Arkansas. The Pulaski County Circuit Court lawsuit claims that National Credit Adjusters LLC of Hutchinson, Kan., violates the Arkansas Deceptive Trade Practices Act in its attempts to collect on payday and high-interest installment loan ... Read More »

Federal Reserve Report Digs Into Consumer Debt

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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 new mortgages continue to dwindle. ... Read More »

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 was to help consumers from ... Read More »

Root Canals and Appendectomy Were Expensive and Landed Me in Bankruptcy. – Ray

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“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 up with 15K bill on ... Read More »

Should I Sign With Fast Track Debt Relief? – Mary

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“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 them.and getting no where. Can ... Read More »

Debt Settlement: Top Ten Most Misunderstood Facts

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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 top ten misconceptions I see ... Read More »

Trapped in a Debt Settlement Contract. What to Do? – Dean

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“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 stress and depression when I ... Read More »

With Debt, Do Us Part?

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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 say that?” Rewind. Really??? Rewind. ... Read More »

Worried Sick Asks “Am I Worrying Myself Sick About My Financial Future?”

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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 a junior in college pursuing ... Read More »

Collectors Called Constantly Scared of Foreclosure, What Can I Do? – Roy

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“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 a mortgage, a HELOC, and ... Read More »

I Want to Get Out of Debt Without Bankruptcy. – Kristy

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Kristy “Dear Steve, I’m recently divorced and left drowning in debt. I have 2 mortgages, 3 credit cards, a car pmt, a personal loan owing $1500, and almost 3,000.00 in medical bills. I dont make enough money to cover all my expenses and finding a part time job has been impossible lately. What do you suggest I do to get ... Read More »

How Do I Handle the One Creditor Not in My Debt Consolidation Plan That is Suing Me? – Tony

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Tony “Dear Steve, I currently have most of all my credit cards in a debt consolidation program except one. One of them cant go on the debt program because its in litigation How do I handle that ? Tony” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of ... Read More »

I’m Active Duty Army in Iraq and Need to Deal With My Debt Back Home. – Howard

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Howard “Dear Steve, I have a lot of outstanding debt that I have not paid on in 5-6 years. I fell on hard times and stopped making payments altogether and completely lost track of my debt. I’m guessing that I owe $30,000 between a truck, boat, and other creditors. I went back into the Army a few years ago and ... Read More »

I Was in Jail for 7 Months And Now Behind on Credit Cards. – John

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“Dear Steve, NOT WORKING MUCH SUB-CONTRACTOR. DELINQUENT 1 1/2 YEARS ON CREDIT CARDS. WAS INCARCERATED ABOUT A TOTAL OF 7 MO. ABOUT 10-12,000 TOTAL CREDIT CARD DEBT. NO ASSESTS WHAT IS BEST APPROACH. BANKRUPTCY DEBT CONSOLIDATION?? John” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, ... Read More »

I Don’t Want to Get Married With Debt. – Brandi

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Brandi “Dear Steve, My Fiance and I are currently about 12,000 dollars in debt not including are student loans that are currently in deferment his deferment ends soon (he graduates next month) his school cost about 40,000 dollars I’m just starting school so my loans and schooling will be deferred for a while Most of the Debt includes Credit cards ... Read More »

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