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
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
Question: Dear Steve, My name is Alice, and I am from the United States. My husband and I have been married for about 4 yrs now. We were happily married with a 2yrs old son. Three months ago, I started to notice some strange behavior from him, and a few weeks later, I found out … Read more
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
This mailer was sent to me through my I Buy Junk Mail program. If you have junk mail you’d like to sell, click here. To see other mailers, click here. If a mailer that looks like this winds up in your mailbox, throw it away. You do not need to keep a copy for your … Read more
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
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
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
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
Question: Dear Steve, I graduated college in 2014 and made payments (got my co-signer off after 24 consecutive payments) until the winter of 2018. I stopped working because I had to stay home with my baby. Then I was in deferment. Covid 19 happened, and I’ve been in deferment since this month when my private … Read more
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
Question: Dear Steve, Due to the lockdowns starting in 2020, I fell behind on payments to credit cards with American Express and one other. I also traveled out of the country for what I thought would be a brief visit, but the world has been so unstable to travel, that the idea of traveling is … Read more
Question: Dear Steve, I contacted ClearOne Advantage yesterday; they connected me with Pacific Debt. They supposedly have a good rating with BBB. The reviews are good also, but I am hesitant to do this. (with so many scam companies today) Should I go with this company? I could not pay my credit cards as I … Read more
Question: Dear Steve, I was supposed to be having my bill go down, not up. But instead, my credit kept getting worse. What am I missing here? They were taking $352&change from my account for damn near an entire year. So do you want to explain why my bills kept going up when they were … Read more
The Federal Trade Commission is taking action against motorcycle manufacturer Harley-Davidson Motor Company Group, LLC and Westinghouse outdoor generator maker MWE Investments, LLC for illegally restricting customers’ right to repair their purchased products. The FTC’s complaints charge that the companies’ warranties included terms that conveyed that the warranty is void if customers use independent dealers … Read more