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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 »

    Can I Move Abroad When on a Debt Relief Order DRO? – Liga

    “Dear Jon, Hi! My friend applied for DRO and it has been approved 2 months ago. He is without job now and been offered job abroad. Is there any restrictions about leaving a country? Couldn’t find nothing about it, just that he must inform Official Receiver about changing adress. Thank you! Is there any restrictions about leaving a country while ... Read More »

      Debt Problems in Dubai UAE Get Better and Worse for Consumers

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      I happen to have written quite a bit about debt problems in Dubai. It originally caught my eye because it’s one of the only places I am aware of where people have no access to bankruptcy and face actual extended jail time for unpaid bills. You can see the past Dubai and UAE stories here. The situation in Dubai is ... Read More »

        Would You Like to See Easier to Read Credit Card Agreements?

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        The Consumer Financial Protection Bureau (CFPB) is soliciting feedback and comments from consumers about a news and simpler format for credit card agreement. That’s a terrific idea. Even more impressive is the public database they maintain with over 300 current agreements from banks all over the U.S. The CFPB is soliciting comments and you can post one online right here. ... Read More »

          Better Business Bureau BBB Email Scam Alert

          It appears someone is using the BBB to spoof emails to get people to go to various sites. The BBB says, “Better Business Bureau is issuing an urgent SCAM alert cautioning businesses and consumers about an email that looks like it is from BBB, with the subject line “Complaint from your customers.” This e-mail is fraudulent; ignore its contents and ... Read More »

            Are You Hiding Money From Your Spouse?

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            From time to time, I get feedback from Couple Money readers. It’s something that I enjoy and try to respond to. This weekend I received an email from M about a situation that he noticed at work. I thought it was an excellent question and I wanted to see what youthoughtabout it. Hiding Vacation Bonus Money at Work Here’s what ... Read More »

              Can Credit Card Companies Put a Lien on My House for My Charge Offs?

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              Q: Can credit card companies put a lien on my house for my charge offs? – Mitch A: We are guessing that you are asking this question because a creditor or debt collector has mentioned the possibility that it may try to get a lien against your home if you don’t pay a past due debt. But the fact is ... Read More »

                Where Can I Find Out About Debt Owed in the UK? – Andrew

                “Dear Jon, I am a 40 year old male living in the Washington, DC metro area in the U.S. I have a mother, about 68, who lives in England (Northamptonshire, UK) with my brother and stepfather. My brother is 42 and has mild mental disabilities. My mother has a history of not being able to control her spending. My father ... Read More »

                  Beware of U.S. Federal Stimulus Package Mailer Promising Debt Help

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                  A reader sent in a mailer they recently received. I can’t believe these mailers are still being sent out. The mailer says, “You are hereby notified that benefits set aside, through the 2010 U.S. Federal Stimulus Package, in the name of [x] are set to expire as of 1/4/2012 at 12 Midnight E.S.T. If said benefits have not been redeemed, ... Read More »

                    Preventing the Holiday Department Store Credit Scam

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                    Before the holidays are over, many consumers will charge an extra $600, $800, even $1,000 to their credit cards. Most shoppers don’t plan for this—it just happens. Department stores tempt them with offers of retail store credit cards, two-for-ones, and big discounts … But by the time January rolls around, they have giant credit-card-debt hangovers that leave them wondering how ... Read More »

                      I Was On a UK Debt Relief Order and Want to Get It Off My Credit Report. – Simon

                      “Dear Jon, Hi, I was on a debt relief order a couple of years ago, it was satisfied about a year ago. On a recent credit report the bankruptcy was on there, also there was one of the debts that I thought had been covered by the DRO. Also the bank say that I cannot close the account as it ... Read More »

                        How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off

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                        Here is a guide to help try to avoid being cheated or scammed by a business or company and check out or evaluate a company for free before you decide to pay them money for services. Over the years a common theme has emerged where people feel they are scammed by a company or taken advantage of and it appears ... Read More »

                          Active Duty Soldier Loses Truck to Title Loan Lender and Why This is News

                          Jason Cox, an active duty Army Staff Sargent has filed suit against Community Loans of America and Alabama Title Loans over the repossession of his truck. “Big deal,” you might say. But this case does bring up some bigger issues. Active duty military service members are protected by what is called the Military Lending Act of 2007. The MLA applies ... Read More »

                            Kramer, Stein Mass Joinder / Mass Tort Updates for Those Involved

                            The Receiver in the Mass Joinder legal proceeding in California against lawyers that had marketed Mass Joinder suits against mortgage lenders has released an update. December 1, 2011 The State Bar of California has taken possession of the law practices of Kramer and Kaslow, Mitchell J. Stein, Christopher Van Son, Paul Peterson (Mesa Law Group), and Anthony Kassas (Kassas Law ... Read More »

                              Mortgage Loan Modification Sellers Arrested in California

                              The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and California Attorney General Kamala D. Harris announced the arrests of three top officers of a Stockton, California real estate company who took thousands of dollars in up-front loan modification fees and made false promises to lower the mortgage payments of struggling Central Valley homeowners. Magdalena ... Read More »

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