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Time is Running Out for This Student Loan Forgiveness Program, How to Buy Stuff for Less, Car Payment Crash, and Bad People

This week on the Get Out of Debt Guy podcast, I want to talk with you about time running out, buying stuff for less than it costs, car payments over a cliff, and Baaaad people. If you have a question you’d like to ask, go to getoutofdebt.org/question, or if you want to leave a question … Read more

I Want My Money Back That I Paid World Law

Question: Dear Steve, I paid World Law around $15,000.00 and didn’t get any of my debt settled don’t know where my money is. I want to know how I can get my money back. Judy Answer: Dear Judy, Wow, World Law, there is a company I have not heard about in a few years. Honestly, … Read more

Financial Education Services Fighting Back Against FTC Over Credit Repair Allegations

Financial Education Services Fighting Back Against FTC Over Credit Repair Allegations

The Federal Trade Commission sued Financial Education Services and others for selling credit repair and an alleged pyramid scheme business opportunity. Watching the court record, Financial Education Services is pushing back hard. However, the FTC just filed a document that makes a compelling argument why the credit repair company should have some concerns. You can … Read more

Debt Collectors Told They Can’t Charge You to Pay

Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by phone. “Federal law … Read more

Walmart Sued for Millions of Dollars by FTC for Fleecing Customers

The Federal Trade Commission today sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dollars. In its lawsuit, the FTC alleges that for years, the company turned a blind eye while scammers took advantage of its failure to properly secure the money … Read more

Equity Loan, Home Prices, Money Pain for People That Help Us, and a Controversial Tough Topic That Will Make You Ponder

Get Out of Debt Guy Podcast - Steve Rhode

In this podcast, I want to share the following stories that may surprise you. We will start with a loan advertisement that might appear in your mailbox and why you need to watch out. Then we will chat about what will happen with home prices in this uncertain economy. Will they crash? Let’s take a … Read more

Watch for This Misleading Mailer for Death Benefits

A fantastic cousin sent me this mailer he received recently. The outside of the envelope is very generic and says it comes from the Distribution Processing Center at PO Box 689, Marietta, GA 30061-0689. However, the business reply envelope inside goes to a different address at PO Box 1748, Kennesaw, GA 30156-9855. Using the return … Read more

How Much Do You Know About the First Global Credit Crisis?

June 2022 marks the 250th anniversary of the outbreak of the 1772-3 credit crisis. Although not widely known today, this was arguably the first “modern” global financial crisis in terms of the role that private-sector credit and financial products played in it, in the paths of financial contagion that propagated the initial shock, and in … Read more

Kiss Your Ex-Spousal Consolidation Loan Goodbye

A glimmer of hope for all the good people trapped in those old horrid federal government Spousal Consolidation Loans for student loan debt. These loans have been a shame for many years. The Department of Education allowed spouses to put their individual loans together into one new loan but never provided people a way out. … Read more

Do You Need to Get a Blow Jar for Spontaneous Fun?

Since most people don’t grow up with a complete understanding of how to manage their money, concepts like budgeting and personal finance can seem restrictive because they are. Listen to the Podcast You can subscribe to my podcast on any of these sites below.                      A concept that’s not commonly addressed is irregular income. … Read more

People Want More Affordable Education Over Forgiven Debt

Guide to Getting Out of Debt Using Your Brain and Smart Ideas

National Public Radio (NPR) recently ran a poll to determine what Americans think about student-loan forgiveness. More than half the respondents favor President Biden’s plan to forgive $10,000 in student debt per borrower. Among people with outstanding student loans, 84 percent support Biden’s debt relief plan, and 68 percent want the Biden administration to forgive … Read more