Latest Posts
Home > Author Archives: Research Department (page 8)

Author Archives: Research Department

FTC Charges DIRECTV with Deceptively Advertising the Cost of Its Satellite Television Service

Frustration

Company Advertises Discounted Monthly Prices, Fails to Tell Consumers about Two-Year Contract Obligation, Significant Price Increase in the Second Year, and Need to Cancel “Free” Premium Movie Channels The Federal Trade Commission has charged DIRECTV, the country’s largest provider of satellite television services, with deceptively advertising a discounted 12-month programming package because it fails to clearly disclose that the package ... Read More »

    Do I Qualify for College Tax Breaks?

    casual woman saving money

    Q. My son is a high school junior, and he’s going to a summer college program. I have college money saved in a 529 plan and an UTMA. Can I use those funds for tuition? Also, can I take any of the college tax breaks on my return? A. You can use UTMA funds for your son’s college class, but ... Read More »

      6 Ways Chasing Credit Card Rewards Can Backfire

      credit-cards

      There is a lot to like about credit card rewards. Cardholders can earn valuable points, miles and cash back just for spending money on things that they would normally buy. But at the same time, the temptation of rewards can lead cardholders to make unwise decisions that will ultimately cost them more money than any rewards earned were worth. Here are ... Read More »

        You Can Refinance Your Car Loan to Save Money Each Month

        car-loan

        If investing 15 minutes would save you $50 a month for the next three years, would you do it? That seems like a no-brainer, but you’d be surprised how many people are passing up a similar deal. That would be a total savings of $1,800 or, put another way, that 15 minutes would be an opportunity to make $7,200 an hour. ... Read More »

          5 Ways to Save More Money This Spring

          checking_account_promotions1

          As the weather (finally) warms up, most of us are ready to leave hibernation and enjoy some activities the winter weather may have discouraged us from doing. You may think it is time to get out and spend, but really, the better weather and your renewal of positive energy can help you save. As you shed the winter coat, consider ... Read More »

            Help! I Don’t Have Enough Money to Pay My Taxes

            deductions-tax-refund

            About three-quarters of taxpayers receive a refund, according to 2014 data from the Internal Revenue Service. If you’re among the roughly 27% whose returns are processed and you owe money, you have an important question to answer: How will you pay? Perhaps more important: Can you afford to pay? If you have the cash on hand, you have the option ... Read More »

              5 Bad Money Habits You Can Break Today

              cut-monthly-fees

              Bad habits. They’re pesky, aren’t they? Every once in awhile I catch myself in a bad habit. They almost seem inevitable. But I’m always determined to squash them as soon as I recognize them. I’m sure you’re in the same boat. When it comes to bad financial habits, there are some serious ones that can cost you thousands of dollars. Which of ... Read More »

                6 Student Loan Mistakes You’re Going to Make

                whatuphealth

                Student debt comes in all shapes and sizes, but everyone should be concerned with their student loans, whether their balances are big or small. It doesn’t matter if you have competitive rates and will be free of debt with very little effort, or if decades of monthly payments stand in the way of your financial freedom — staying proactive and ... Read More »

                  Congress Should Act to Mitigate Child Identity Theft

                  crime scene

                  Washington, DC (PRWEB) March 11, 2015 SubscriberWise, the leading provider of analytics-driven subscriber decision management technology and the nation’s first issuing consumer reporting agency for the communications industry, announced today that the company is again encouraging Congress to introduce and pass a legislative initiative that would require the creation of a national index of child social security numbers. The effort ... Read More »

                    Court Orders Ringleader of Scam Targeting Seniors Banned From Telemarketing

                    ftc

                    Court Imposes $ 10.7 Million Judgment A U.S. district court has permanently barred the ringleader of a multi-million dollar fraud that targeted seniors from all telemarketing activities, agreeing with the Federal Trade Commission’s allegations that he illegally withdrew money from U.S. consumers’ accounts and funneled it across the border to Canada. The summary judgment entered against Ari Tietolman and the ... Read More »

                      How to Tell If a Credit Card Has a Good Interest Rate

                      cc

                      Finding a credit card can be just as personal a process as shopping for any other consumer good, whether it be clothing, a car, a home, or anything else: It must suit your needs but also fit in your budget. When it comes to credit cards, cost is most often determined by interest rates. Like many consumer products, whether the ... Read More »

                        Will You Finally Be Able to Get Rid of Your Student Loans in Bankruptcy?

                        help woman

                        This week the White House announced a new Student Aid Bill of Rights, which aims to help federal student loan debtors with better options and more clarity in dealing with their problem student loans. While most of the new initiatives announced are geared toward eliminating unnecessary payment hurdles and make dealing with federal student loan repayment options easier, one section ... Read More »

                          The 2% Down Payment Mortgage: Can You Get One?

                          fakemoney

                          The biggest barrier for many would-be homeowners is the pile of cash that’s needed before a bank will even discuss a mortgage. The Federal Housing Administration, in an effort to boost the housing market, recently lowered down-payment requirements to 3.5% of the purchase price, but by the time would-be buyers consider closing costs, they still need roughly 7%. Even in ... Read More »

                            Tax Preparers Make More Mistakes Than You Might Think

                            tax-refund-mistake

                            ‘Tis the season to see a lot of advertisements for tax preparation companies, promising to help consumers get a pile of money back from Uncle Sam. The ads are enticing — more than half of Americans pay someone else to do their taxes. Set aside for a moment the financial truth that if you are getting a big tax refund, ... Read More »

                              Here’s why you should open a savings account for your kids

                              201503_cfpb_youth-savings

                              Mar 11 2015 By Dave Sieminski Even a small savings account for your child could make a powerful difference in their future. A recent study shows that children from low- or-moderate-income families, who have a savings account for college, are three times more likely to go to college, and four times more likely to graduate college—even if the account holds ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.