I’ve written about DirectBuy before the the trouble some have had in getting out of their memberships. Now the WV has sued DirectBuy for deceptive practices. Attorney General Darrell McGraw recently filed suit in the Circuit Court of Kanawha County against DirectBuy, Inc., headquartered in Merrillville, Indiana, and its local franchise, DirectBuy of Charleston-Huntington, and … Read more
Small business credit cards are not as innocent as you would want to believe. Here is a story about these cards from our friends at MoneyTalksNews.com This post comes from partner site lowcards.com. Contrary to popular belief, the new CARD Act provisions do not apply to all types of credit cards. Only consumer cards. The … Read more
Last year, employees charged $140 billion on their company credit cards. If the company goes under or doesn’t pay, the cardholder could be forced to pay the balance. According to RPMG research, 35 percent of corporate cards have individual or joint liability arrangements where the employee is responsible for the debt. Surprisingly, large companies are … Read more
I can remember life before Blockbuster and soon maybe life without Blockbuster. According to reports, Blockbuster is filing for bankruptcy in September. Blockbuster is hoping to use its time in Chapter 11 to restructure a crippling debt load of nearly $1 billion and escape leases on 500 or more of it 3,425 stores in the … Read more
“Dear Steve, My crazy bipolar husband beat me up and left me with a broken leg and 78,000.00 in unsecured debt. I make 70,000.00 a year and am able to make my mortgage payment (I have 30,000.00 in equity) and student loan. However, with his loss of income, I can no longer make the 3,000.00 … Read more
Tired of the 9 to 5 grind? Considering going into business for yourself? You’re not alone. Millions of people have a similar dream. A few brave ones take the next step. Unfortunately, for many, the dream can turn into a nightmare quickly. The U.S. Small Business Administration statistics show that well over half of all … Read more
Now that the new CARD Act (Credit Card Accountability, Responsibility and Disclosure Act) has been implemented to prevent unfair interest rate hikes and protect consumers there is a big loophole if you use your personal credit card for business purchases. The problem is that the CARD Act does not apply for business or corporate credit … Read more
If you can’t see the video above,
In what struck me as a moment of irony, I read this morning about TVI Corporation, a Maryland based manufacturer of disaster shelters and other protective equipment, that has filed for Chapter 11 bankruptcy protection. It seems that while they manufacturer many types of disaster shelters, they didn’t have one to protect them from financial … Read more
I was reading the latest news about the bankruptcy filing of Muzak, the elevator music people, and the new merged company of Sirius XM, the satellite radio people. Sirius XM has not filed Chapter 11 bankruptcy just yet but it looks like they will any day now. It has always struck me as odd that … Read more
It a time of financial uncertainty many people, of all walks of life and income ranges face trouble. We normally think that only middle class or poor people suffer from debt problems. That’s just not true. Previous high income earners are impacted by troubles as well. Former Wall Street employees are now looking for entry … Read more