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Top 3 Cures for a Low Credit Score

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A low credit score is bad news, particularly if you are trying to renegotiate the terms of a loan, applying for a home loan, trying to land a job, or searching for an apartment. In today’s environment, you need a high credit score for a slew of reasons. So if you need to build your credit score, don’t worry. Here ... Read More »

    Leslie Linfield from Institute for Financial Literacy is Looking for Donors

    I just received the following letter from The Institute for Financial Literacy. They are looking for donations to support financial literacy for seniors. If you feel compelled to assist her in her efforts, please reach out directly to the Institute for Financial Literacy at Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? The Request I ... Read More »

      Which is Cheaper: Credit Counseling, Debt Settlement, or Bankruptcy?

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      How can you determine what debt relief option is the right fit for a given set of cash flow limitations. The 3 options that people typically seek outside assistance with are Debt Management Plans (DMP), Debt Settlement Programs, and Bankruptcy. There are benefits and drawbacks to each option. Companies and people selling you a specific brand of debt help can ... Read More »

        I Am Worried Interpol Might be Looking for Me Because of My Debts. – Dipak

        “Dear Jon, I went to Dubai and had a great job in real estate. Then with partner had a real estate company. Due to economic climate our guaranteed cheques started to bounce. There are number of cheques which have bounced. 2 years ago I tried to leave Dubai and had 3 cases which I some how managed to clear from ... Read More »

          Do I Risk Losing My Son to Go Back to the UK to Deal With My Debts? – Maria

          “Dear Jon, I have tax credits overpayments of nearly 2000 pounds and credit card debts of 2600. Have left the uk with my son who is disabled. Dont have a job in South America. What are my options. Shall i go back to the Uk and risk my son taken away from me by social services because of my depression ... Read More »

            Our Savings System as a Couple

            Our Short and Long Term Goals I’ve mentioned before that having a financial game plan as a couple is a big part of reaching your goals. It can help you two develop ways to communicate effectively and focus your energies on what matters to you. Like many other couples, we have several goals that we’re looking at achieving together. Some ... Read More »

              Reader Wants to Know More About Gordon and Associates Loan Modification Services

              A reader wrote to me wanting to know more about a company in California called Gordon and Associates. They said, “I am surprised that you don’t have this company’s info or I couldn’t find it.” Attached to the email the reader sent in a copy of the recent BBB listing for Gordon and Associates. I just ran it again to ... Read More »

                DIY Debt Settlement – How to Handle Lawsuits

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                If you or someone you know is going through a difficult debt situation and want to do something about it there are many options available to consider but it’s no secret that debts can be settled directly with creditors and with the overwhelming amount of information online, consumers are educating themselves on how to negotiate settlements on their credit cards. ... Read More »

                  Divorce Debts Not Paid

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                  Q: If a spouse is granted by a divorce judge to receive so much a month for debts that were supposedly not theirs, and we don’t pay or are late on them, does the spouse that’s trying to collect fall under the Fair Debt Collections Act? – Mark A: Mark, Unfortunately, it probably doesn’t offer you the help you are ... Read More »

                    What Can You Tell Me About Pro Tax Relief in Alabama?

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                    A reader wanted to know more about a company in Alabama called Pro Tax Relief. I took a quick look at and here is what I found to share. What immediately struck me is the company says it is Professional Tax Relief, LLC, d/b/a Pro Tax Relief and located at P.O. Box 7164, Rainbow City, AL 35906 but a ... Read More »

                      Reader Sends in More on Deceptive U.S. Federal Stimulus Package Mailer

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                      I’ve previously written about a mailer going out that is making bold claims about debt reduction under the 2010 U.S. Federal Stimulus Package. You can see those posts here and here. This time a reader sent in the back and the front of the mailer. And if you thought the back of the mailer was deceptive and intended to fool ... Read More »

                        United Financial Systems and Christopher Boulahanis Reach Settlement With Florida AG

                        This is actually a picture of the UFS building that a reader sent in previously. The Florida Attorney General just made a big announcement concerning the non-profit credit counseling group United Financial Systems. This is a company that we first announced was likely to implode back in August of 2010. Unfortunately the economic impact caused by United Financial Systems will ... Read More »

                          Pennsylvania Reader Sends in New Form H-118 From New York

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                          The Form H-118 is very similar to the Form 1012-R mailings that have been sent to consumer all across the country. They are deceptive in that they attempt to portray themselves as official mailers or government forms. Mailers similar to this have been slammed in mass joinder legal actions in California and the subject of numerous warnings. A reader just ... Read More »

                            California Lawyer Disbarred Over Loan Modification Business

                            Another sad story of advanced fee loan modifications tearing down yet another group of people. From the California Bar Journal. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? PAUL JEFFREY LUCAS [#163076], 50, of Aliso Viejo was disbarred July 22, 2011, and he was ordered to make restitution and comply with rule 9.20 of the California ... Read More »

                              If a Creditor Sues You For a Debt, Show Up or Risk an Arrest Warrant and Jail

                              It’s getting more attention these days, the concept that debtors prison is resurfacing. And while that’s not exactly true, you can’t be thrown into prison for debt. But there is more coverage about debtors that are being arrested and taken to jail. Mostly just for processing but some are sitting behind bars as they wait to be bailed out. The ... Read More »

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