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Eary Tests to Prove (Justify) Undue Hardship

get out of debt

SEVERAL TESTS CREATED – YET NOT A SINGLE STANDARD If you are one who is following this blog I want to thank you. I first began blogging nearly a year ago now. My very first attempt at publishing here was on May 19th, 2015. The subject of that first informative posting was about Undue Hardship Tests. The title I used ... Read More »

    FTC and Florida Sue Student Aid Center

    Cartoon-OUCH. Vector

    On May 23, 2016 the Federal Trade Commission and State of Florida filed suit against Student Aid Center, Ramiro Moris, and Damien Alvarez. The FTC alleges the Florida based company, shocker, took advantage of consumers. The complaint states: “Defendant Student Aid Center, Inc. (SAC) is a Florida corporation with its principal place of business at 2500 Northwest 79th Avenue, Suite ... Read More »

      Why Gratitude is the Healthy Secret of Getting Out of Debt

      happy woman in wheelchair outdoors beach showing victory sign

      Here is something that is an important tool to help deal with problem debt. Debt is soul crushing, mind numbing, and emotionally destructive. It’s easy to get sucked into the dark pit of despair and feel as if your life is hopeless. The secret weapon of those emotional feeling is free and readily available – gratefulness. Instead of being a ... Read More »

        Double Standard For Debt Settlement. Not So Sleazy Now, Ask Hilary Clinton, John Glenn and the FEC.

        Debt Settlement Companies?

        Originally published December 11, 2009 Consumer debt is a world of double standards. On one hand you have advocates screaming about the evils of debt settlements or that groups that charge people for professional help to do debt settlements are ripping off consumers because settling debts is something that anyone can do. Don’t get me wrong, I’m not a huge ... Read More »

          Federal Student Tax Scam – Beware!


          Imposters posing as IRS agents are trying to trick college students into paying a “federal student tax” – a tax that doesn’t even exist.  Students from many colleges are telling the FTC that the calls go something like this: the so-called IRS agent tells you that you owe a “federal student tax,” and often has some piece of information that ... Read More »

            Did My Bankruptcy Attorney Make a Mistake by Not Getting My Student Loans Discharged?

            Businessman trying to solve a maze questions

            Question: Dear Steve, I was laid off 11/3/2008 with 2 kids in college and the sole financial provider for 3 kids and my wife. I paid every bill on time through June of 2011 despite being out of work the 1st time for 17 months. I filed chapter 7 in July of 2011. I survived by using my retirement accounts ... Read More »

              Household Debt Surges, Delinquencies Drop

              Screen Shot 2016-05-24 at 1.43.56 PM

              Household indebtedness continued to advance during the first three months of 2016 according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit, which was released today. Repayment trends also generally improved across the board, driven primarily by continuing improvements in mortgage delinquency rates. The report is based on data from the New York Fed’s ... Read More »

                Spend Money – Get Shocked

                Headache - migraine and stress concept with woman in pain massaging temples for headache cure. Multi-ethnic Caucasian / Asian woman on blackboard background.

                Here we are in the middle of 2016, and technology has never been at a greater height, nor has it ever been used in the manner it is being used for. To my mind the greatest use of technology these days is our mobile phones. They are little computers and do everything. Our mobiles make phone calls, you can text ... Read More »

                  MD – The Gift That Keeps on Giving

                  The word assets frozen inside an ice cube

                  If you thought having VD was bad news, try having a bit of Morgan Drexen (MD). It seems all those who touched Morgan Drexen just keep on losing. The clients were unhappy, the government was unhappy, the CFPB is unhappy, Former CEO Walter Ledda has got to be unhappy, and now the current attorneys managing the remaining clients have had ... Read More »

                    Do Regulators Treat Debt Relief Companies Unfairly?

                    Stone Balance

                    I was just sitting down with a friend in the debt relief industry who leans a lot further right than I do as a liberal lefty. I always enjoy the alternative point of view conversations on topics and that person does always make me smile because of the diverse points of view we often have on the same debt relief ... Read More »

                      What I’m Reading on May 13, 2016

                      Attractive red-haired female reading a manual before do-it-yours

                      For Nebraska’s Poor, Get Sick and Get Sued Nebraska’s flood of suits isn’t merely a reflection of residents’ inability to pay their bills. About 79,000 debt collection lawsuits were filed in Nebraska courts in 2013 alone, according to a ProPublica analysis. In New Mexico, a state with a population, like Nebraska’s, of around two million, about 30,000 suits were filed. ... Read More »

                        A Tim McCallan Asks Me to Remove Articles

                        Cows inside the snowy forest. High in the mountains of Navarra in Spain.
** Note: Slight graininess, best at smaller sizes

                        I have a very liberal policy of adding any statement to any article regarding anyone who thinks something I wrote is inaccurate. The Report an Error link can be found on nearly every page on the site. But I just received a request that I was unable to add to any article since the request referred to a category and ... Read More »

                          A Look at Debt Relief Opportunities and Trends in May, 2016

                          crystal ball

                          It’s been quite some time since I wrote a debt relief industry forecast and trend article. These articles have not been all that popular because most of the people are in denial about the reality I see. You can see past articles here. In the past I used Google search volume as an indicator of general interest in various debt ... Read More »

                            I Went to University of Phoenix Without Graduating from High School

                            Money puzzle piece

                            Question: Dear Steve, I went to University of Phoenix back in 2002. I started going to classes onsite in Dallas but then moved to online approach when I relocated to another state. I finished the Master of Arts in Organizational Management in 2004 but have not been able to use the degree..in fact took it off my resume. It is ... Read More »

                              FTC Returns Money to People Harmed by Debt Relief Scam


                              The Federal Trade Commission is mailing 1,630 checks totaling nearly $1.87 million to consumers who lost money to an illegal telemarketing operation, collectively known as Expense Management America, that charged homeowners an up-front fee for debt and mortgage relief services it never provided. Since the FTC brought an action against the Canada-based operation in September 2012, it has obtained a ... Read More »

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