Latest Posts
Home > Debt Articles

Debt Articles

PayPal – CFPB Complaint – 1562030

Consumer Said: “My PayPal account was compromised by someone in XXXX ( I have an email from PayPal in XXXX indicating the addition of a bank account ), who transferred {$480.00} to an account in their control. When reported to PayPal as fraud, they issued a refund of the {$480.00} fraudulent charge. They later rescinded the refund, and are now ... Read More »

    TransUnion – CFPB Complaint – 1561886

    Consumer Said: “My XXXX account has been paid in full as well as XXXX” Date Complaint Filed With CFPB: 09/12/2015 Product: Credit reporting Type: Issue: Incorrect information on credit report State of Consumer: MI Company Public Response: Company chooses not to provide a public response Company Response: Closed with explanation Was the Company Response Timely: Yes CFPB Complaint ID: 1561886 ... Read More »

      Why There is Nothing Inherently Wrong with Debt Settlement

      Inspirational motivational quote. If you see fraud and do not say fraud you are a fraud. Simple trendy design.

      A recent article out of India about a business that entered a debt settlement agreement reminded me that I’ve wanted to write this article for some time. Over the past five or so years, debt settlement has developed a nasty reputation as a scam. Unfortunately it is the debt relief bad apples that the industry did not try to stop ... Read More »

        Dump of Debt Relief Offers Raises More Concerns Than Answers

        Important Notice

        As part of my I Buy Junk Mail program, Eve sent in a number of recent debt relief mailers that landed in her mail box. Imagine how the average person would be able to decipher the claims made or even begin to understand what company would be able to offer the debt service or solution. As you can see in ... Read More »

          Debt Relief Companies and Individuals – Banned

          Shirtless young man outdoor doing silly face

          The Federal Trade commission is reporting more actions against debt relief providers that allegedly misled consumers about their services. While this is about a debt settlement company, all consumers should walk away with the fact they have a responsibility to know who they are doing business with. Buying defective debt relief help is no more egregious than buying a defective ... Read More »

            CFPB Concerned About Widespread Servicing Failures Reported by Student Loan Borrowers


            CFPB and U.S. Departments of Education and Treasury Issue Framework for Servicing Reforms, Bureau Prioritizes Stamping Out Illegal Actions WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) released a report outlining widespread servicing failures reported by both federal and private student loan borrowers. Consumers describe companies using a wide range of sloppy, patchwork practices that can create obstacles ... Read More »

              Millions of Federal Student Loans Lining Up to Be Eliminated and Borrowers Repaid

              Screen Shot 2015-10-02 at 10.57.02 AM

              As a consumer debt expert for decades I’ve developed a pretty good sense of reading the tea leaves of debt. Sometimes this means making some sense out of puzzle pieces well in advance of assembly. I’m getting that same strong sense that student loan debtors are on the verge of a bold new ability to discharge massive amounts of federal ... Read More »

                Budgeting for Travel as Part of Your Retirement Planning


                For years, you dreamed of traveling after you retired. Now the time is near and you’re ready to pack your bags, but you wonder how much it will cost and how you’ll budget for the trips you’re planning. To help us answer that question, we contacted Donna L. Hull. Since 2008, she’s traveled and blogged about it at My Itchy ... Read More »

                  More California Mortgage Modification Scammers Head to Jail

                  Dead man walking - Sad prisoner with handcuffs in prison with orange clothes

                  Four people who worked at a Rancho Cucamonga business that offered bogus loan modification programs to thousands of financially distressed homeowners – victims who lost more than $7 million when they paid for services that were never provided – were sentenced today to federal prison, with one of the leaders of the scheme being ordered to spend 20 years in ... Read More »

                    Not a Shocker – Fraud and Intimidation in Marketing Pills, Powders, or Potions


                    The Federal Trade Commission is taking action against the Florida-based marketers of a line of weight-loss supplements who allegedly made baseless claims for their products, and then threatened to enforce “gag clause” provisions against consumers to stop them from posting negative reviews and testimonials online. In a complaint filed in federal court, the FTC alleges that Roca Labs, Inc.; Roca ... Read More »

                      Rut Ro – Data Breach at Hilton Properties


                      If you recently stayed at a Hilton Hotel, Embassy Suites, Doubletree, Hampton Inn and Suites, or Waldorf Astoria – a hack may have exposed your financial details. Banks have identified a pattern of fraud that strongly suggests certain payment systems in these Hilton Hotel properties in several locations were hacked, exposing customer payment card information. Hilton confirmed that it is ... Read More »

                        This Guy Gets How to Deal With Debt

                        Debt Settlement Advice

                        Bill Westrom just sent in an article to me to post on my site and it was so on track with what I have been trying to get across to people. I had to share it with you. Bill understands that dealing with debt is about education, understanding, introspection, and not forcing the solutions to fit the problems. Far ... Read More »

                          How to Budget on a Teacher’s Salary


                          With the school year done in our area and others, I’ve been able to spend more and more time with my mom on the phone catching up. While she sometimes goes on trips during her break, this year she wants to be flexible as she’s awaiting the arrival of our baby next month, her first grandchild. We’re happy she’s able ... Read More »

                            Debt Collector Claims Debt Collector Owes Them Money


                            In a twist of irony, National Credit Adjusters, a Kansas based delinquent accounts receivable company has filed suit against Cred X Debt Recovery, James Sauer, Jeffrey Schultz, and Richard Schultz. National Credit Adjusters claimed the following in their suit. “On or about May 24, 2012, NCA contracted with Defendant Cred X to have Defendant collect unpaid accounts on NCA’s behalf. ... Read More »

                              New Data Reveals Stark Gaps in Graduation Rates Between Poor and Wealthy Students


                              by Annie Waldman ProPublica, Sep. 24, 2015, 3:33 p.m. A new report released Thursday provides a detailed look at the graduation rates of low-income college students. At many colleges, low-income students graduate at much lower rates than their high-income peers. At the University of Missouri-Kansas City, only 35 percent of Pell Grant recipients graduate college, a rate that is more ... 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.


                                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.