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Author Archives: Guest Post

Get Out of Debt Fast: Gold Pot at the End of the Rainbow

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With the tough economic times and high price of gold right now, it is a perfect time to cash in on your gold and diamonds and get out of debt. Gold prices continue to hit all-time highs, so you can get thousands of dollars for gold jewelry that would have been worth hundreds only five or ten years ago. There’s ... Read More »

    Former Dextral Managing Director Shares His Bold Story About Ken Talbert

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    See February 9, 2013 update at bottom for takedown request received from EFA Processing. This article was written and contributed by Jason Spencer, the former Managing Partner of Dextral Capital Management Fund. He shares his observations and experiences from inside the debt settlement industry. I asked Jason why he wanted to share this story. He said, “The reason is that ... Read More »

      Why Transferring Student Loans to Credit Cards is Not a Good Idea

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      As the looming crisis of student loan debt nears, some enterprising debtors are no doubt getting desperate. Student loan debtors are being hounded by collection agencies night and day, tax refunds are being intercepted, and wage garnishments are inevitable. So some enterprising debtors are getting the idea to transfer their student loan debt to credit cards with the idea of ... Read More »

        2013 Outlook for Credit Counseling: A Legal and Regulatory Perspective

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        As the start of 2013 is upon us, nonprofit credit counseling agencies will be trying to anticipate the needs of their communities, by knowing what to expect in the New Year. We don’t have a magic eight ball or special insight into the future, but by looking backward, we think it’s possible to help understand what’s on the legal and ... Read More »

          Are CreditOne and First Premier Bank Platinum Credit Cards for Bad Credit a Good Idea?

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          Looking to rebuild your credit score, get new credit after bankruptcy or get access to credit when your credit is in the toilet? Folks with low credit scores or recent bankruptcies are getting deluged with pre-approved credit offers that seem too good to be true, according to folks who have sent me copies of the applications recently. So what’s the ... Read More »

            What to Do When Your Debt Relief Company Gets a CFPB Civil Investigative Demand Letter

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            The Consumer Financial Protection Bureau (“CFPB”) has investigations underway that span the full breadth of the Bureau’s enforcement authority over providers of financial products and services and their vendors. If your company is the recipient of a civil investigative demand (“CID”) from the CFPB the process is not an easy one. You have to issue a record retention notice, negotiate ... Read More »

              The Future of Debt Relief Calls for Greater Transparency; Captain Debt America Answers the Call

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              Most followers in Steve’s community are well aware that the debt settlement industry has taken its share of blows since the 2010 FTC Ruling. Unfortunately, many of the most ethical firms have born the brunt of that burden, putting increasing pressure on their finances. As competition continues to rise, legal models still claiming the attorney loophole, and state regulators remaining ... Read More »

                How to Borrow From a 401k in a Make Sense Way

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                Borrowing from a 401k is a major decision. It is important you make certain considerations before borrowing from your 401k, so that your loan doesn’t negatively impact your retirement. The key aspect to borrowing from a 401k vs withdrawing from one, is you won’t have to pay taxes or penalties unless you default on your loan or in some circumstances ... Read More »

                  What To Do If You Get Sued By a Creditor – Part 1

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                  PART I: WHERE DO I START? Every collection lawyer and nearly every court views all collection lawsuits the same: a mindless task they don’t really want to do. They were trained for bigger and better things. More “important” things. However, it is the exact opposite for the consumer defendant. It is extremely important given that they intend to grab your ... Read More »

                    Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 7 – Recovery

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                    When consumers encounter financial difficulty, I believe it is important to review their potential solutions with the possible end results in mind. To me, the entire purpose behind debt relief intervention, is recovery. What does the consumer need to do in order to resolve their situation, so they may recover, rebuild, and become productive again? That’s the basis for every ... Read More »

                      Octomom the Latest to Endorse Payday Loans

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                      [repostus thumb=2569712 hash=8de81793c1c5e05ac067a54a2626145a title=Octomom%20the%20Latest%20to%20Endorse%20Payday%20Loans host=Credit.com short=1iztg] Read More »

                        Study: Payday Loans Used for Expenses, Not Emergencies

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                        [repostus thumb=2584759 hash=f948eb892894bd187b60668de1e8392e title=Study%3A%20Payday%20Loans%20Used%20for%20Expenses%2C%20Not%20Emergencies host=Credit.com short=1iJl8] Read More »

                          Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 6 – How to Do Simultaneous Settlements

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                          One of the reasons I have been writing these articles is to shed some light to the industry about settling debt simultaneously, its reliability, and its advantages for consumers. Our evaluation process at Debt Relief A La Carte is probably more broad than the typical debt settlement approach. So, to help debt relief companies identify simultaneous options and opportunities, this ... Read More »

                            Facebook Founder Zuckerburg Gets 1 Percent Mortgage Rate. Nice to Be Stinking Rich.

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                            [repostus hash=ea85b39b0867a47d658f36c1aa499729 title=Zuckerberg%26%23039%3Bs%201%20percent%20mortgage%3A%20Why%20does%20a%20billionaire%20need%20a%20loan%3F host=The%20Christian%20Science%20Monitor short=1i9uA] Read More »

                              Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 5 – Why Simultaneous

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                              Back when I was in collections, I recognized a major vulnerability to the consumer. When the consumer was represented by a debt settlement company and settling their debts one at a time, with each settlement that was made, their negotiation power was diminished. Back then, when I would negotiate with a debt settlement company, the first thing I would do ... Read More »

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