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All posts by Steve Rhode

  • How to Avoid Being Scammed by a Foreclosure Rescue Promise or Plan

    Foreclosures are increasing nationwide, and so are scams that promise to “rescue” homeowners from foreclosure. What these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home....

    • Posted November 4, 2008
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  • New Scam Aimed At Desperate Consumers Looking For Government Loan or Free Government Money

    According to the Federal Reserve, con-artists have unleashed a new scam aimed at consumers in financial trouble or desperate for a loan. The Federal Reserve Board on Tuesday alerted the public to instances of questionable solicitations directed...

    • Posted November 4, 2008
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  • Four Of The Most Stereotypical and Funniest Videos About Debt

    I don’t know what you’ll think of these videos but I thought they were very funny to watch. Or maybe some of this might hit too close to home for you. If it does, I’m here to...

    • Posted November 4, 2008
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  • How to Talk to Your Children About Your Financial Problems

    I came across this article below, purely by accident, but then again maybe it was more of a divine on purpose? Who knows. Talking to your kids about debt when you are living though problems has always...

    • Posted November 4, 2008
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  • 3 Percent Of Homes Have Utilities Now Disconnected

    Another bleak sign that consumers are slipping. I hope people are not going to face as bad of a 2009 as it is looking but the reality is, they might. I’ve been talking about credit card companies...

    • Posted November 3, 2008
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  • Sears, Home Depot May Lose 8% of Holiday Sales on Credit Limits

    Sears, Home Depot May Lose 8% of Holiday Sales on Credit Limits Bloomberg - 5 minutes ago Outstanding credit-card debt has risen 75 percent since 1999, while real wages have grown 4 percent in the same period,...

    • Posted November 3, 2008
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  • New Concerns About 40% Credit Card Debt Reduction Proposal

    Last week I wrote an article Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out but more information has come to light since then. While consumer advocates are happy about...

    • Posted November 3, 2008
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  • Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas

    Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this...

    • Posted November 3, 2008
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  • The New Diamond Embedded MasterCard. Really!

    It is still a bit of a buzz but it is worth mentioning. Apparently Kazkommertsbank in Kazakhstan is getting ready to roll out a MasterCard with a diamond embedded in it with gold trim on the card....

    • Posted November 3, 2008
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  • Next big worry: Credit cards

    Next big worry: Credit cards The News Journal, DE - 1 hour ago In past years, consumers looking to get out from under credit card debt tapped into home equity, refinancing mortgages to get their hands on cash...

    • Posted November 3, 2008
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  • Here’s some real financial advice you can really use: keep spending

    Here's some financial advice you can really use: keep spending Ottawa Citizen,  Canada - 22 minutes ago Don't pile up credit card debt , they say. Live within your means. Take any job to bring in some...

    • Posted November 2, 2008
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  • Some Interesting Ideas To Try To Bribe You To Spend, Spend, Spend

    Here are some interesting ideas floated in a recent Washington Post article to encourage consumers to get back to what they are supposed to do best, spend. What do you think about these ideas? Idea 1 Lower...

    • Posted October 31, 2008
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  • Surviving With Less Credit

    At ByDesign Financial Solutions, a debt-counseling service in Modesto, Calif., they’re working overtime these days. “Our call volume went up 97% in the past five weeks, which has left us scrambling,” says Martha Lucey, president of the...

    • Posted October 31, 2008
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  • Beware Of Zombie Debt Collectors

    Beware Of Zombie Debt Collectors Forbes, NY - 15 minutes ago Read "Debt Consolidation Made Easy" to learn five steps to help you get out of debt faster.) The statute of limitations on debts varies by state, ......

    • Posted October 31, 2008
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  • Using Porn And Sex to Help You Get Out of Debt

    At first I had ignored the new film Zack & Miri Make a Porno but once I found it the premise of the movie was that they had run out of money and were struggling to get...

    • Posted October 31, 2008
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