People Do Stupid Things to Get Out of Debt. Postal Worker Sent to Jail.

It never surprises me anymore to hear the silly things that people do to get out of debt. It easily ranges from outright theft, embezzlement, credit fraud, identity theft, etc. But it does always surprises me to hear people say they are so paranoid about identity theft that they refuse to use a credit card … Read more

Financial Counselor, Credit Counselor and Foreclosure Counselor Stress

The real world can never understand how much pressure a credit counselor, debt counselor or housing counselor deals with on a daily basis. Allowing your work to invade your walls is easy to do. Those of us who care can find ourselves worrying about the people that turn to us for help and not letting … Read more

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. Foreclosure con artists take advantage of people who have fallen behind on their mortgages and face foreclosure. Con … Read more

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 at consumers. These solicitations promise consumers access to personal loans through a nonexistent Federal Reserve lending program. Under … Read more

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 the possibility of getting banks to write off as much as 40% of the debt in order to … Read more

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. Last November I wrote a story about the manufacturer of the card if you want to know more … Read more