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The Importance of Reading the Fine Print of Credit Agreements

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Last week a concerned mother wrote to us here at GetOutOfDebt.org with a predicament with her son’s BillMeLater Account. Her concerns are as follows: “This debt is just outrageous and needs to stop with the deferred payment that they are going to sock onto this debt and will never be paid off. There is no reasoning with them at all ... Read More »

    Mass Joinder Mortgage Litigation Form 1012-R Hitting Nevada

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    A tipster (send in your tips here) just sent in the following form. Looks like the Form 1012-R mailers are now arriving in Nevada. If you receive any marketing material on a mass joinder matter or a retainer for participating in a mass joinder case, please upload a copy of the document here. Regulators and enforcement officials want to see ... Read More »

      “What’s In Your Virtual Wallet?” – The Future of Mobile Commerce

      SXSW 2011 hosted a phenomenal conference this year with interactive, film and music media seminars. As part of the interactive section there were a handful of financal seminars about the future of shopping, lending and banking. One particular session that caught my interest was one entitled “What’s In Your Virtual Wallet?” featuring representatives from PayPal and eBay/RedLaser. This session focused ... Read More »

        District Attorney Advises Consumers to Avoid Mass Joinder Mailers

        Apparently a local district attorney’s office in Colorado is warning consumers to avoid the mass joinder mailers I’ve been reporting on. The warning says: “Consumers in the Denver area are receiving official-looking forms that declare “You may be a plaintiff in a national mass joinder suit.” The mailing implies that fraud may have happened when you financed your home, and ... Read More »

          Tips for Paying Off Holiday Debt

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          The following guest post was contributed by Bailey Harris. Bailey writes about health insurance quotes and related topics. If you would like to contribute a guest post, click here. Tips for Paying Off Holiday Debt No matter how much you may enjoy the holiday season, it is not unusual to feel a tiny bit of relief when it’s finally over. ... Read More »

            Debt Settlement: Telling the Good Guys from the Bad Guys

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            A recent video from Cambridge Credit Counseling that focuses on debt settlement companies that are doing things the right way. I think this marks one, if not the first, public statement by a mainstream credit counseling program talking about the benefits of debt settlement for some consumers. Cambridge Credit Counseling is a member of the AACC, who’s debt settlement members ... Read More »

              Debt Settlement Order UK – Don’t Believe the Text Message

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              Debt Settlement Order Scam Looks like UK residents are now getting unsolicited text messages claiming the UK has passed some sort of new debt settlement order that allows people to pay back their debts for less. An example of the unsolicited text says: A Debt Settlement Order has been introduced, this means people struggling with debt can apply to have ... Read More »

                Mass Joinder Case Form 1012-R Marketing Material Hits New Jersey

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                The same entity in California that has been mailing people in conjunction with soliciting mass joinder cases is now mailing to New Jersey residents from Santa Ana, California postal permit 1076. The consumer that received this told me: I would like to if this is legit they asked me for 7500 dollars for a retainer. They would get 80% and ... Read More »

                  Creditors More Likely to Sue Over Smaller Credit Card Debts

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                  The Sun Sentinel out of Florida is reporting that cases where a creditor has sued a consumer over a debt owed are increasing. Small claims courts in Broward and Palm Beach counties are reporting a spike in the number of cases against debtors, who typically owe between $2,000 to $4,000. Some judges say they are handling more than 25 such ... Read More »

                    Behind the Battle Over Hidden Debit Card Fees

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                    by Marian Wang, ProPublica A provision within the financial reform bill that would regulate debit card transaction fees could be postponed by a year or two following fierce objections from banks. Specifically, banks large and small are objecting to a Fed proposal to limit what are known as interchange fees — the fees they collect from merchants every time a ... Read More »

                      Legal Helpers Debt Resolution – High Upfront Fees and Commissioned Sales People Create The Perfect Storm For Unsuspecting Consumers

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                      The following guest post was submitted by Damon Day. Damon is a Financial Consultant and a Debt Coach. Through his website he offers advice, tips and strategies for consumers to get out of debt without falling victim to predatory debt relief firms you see advertised everywhere. If you would like an unbiased consultation and a step by step plan to ... Read More »

                        ManVsDebt Meetup at SXSW

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                        Three years ago Adam and Courtney Baker welcomed their newborn daughter, Milligan, into their lives. Debt-ridden and stressed they decided to make a drastic change in their lives and take an alternative route to clearing their debt in an effort to create a happier lifestyle by doing what they love. The Bakers sold all of their possessions, payed off consumer ... Read More »

                          My Collection of Mass Joinder Mortgage Litigation Retainer and Related Agreements

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                          In this post I’m going to collect the mass joinder and mortgage litigation retainer and agreements readers send in. If you receive a mass joinder or mortgage litigation retainer or services agreement, please upload a copy of the document here. Regulators and enforcement officials want to see them. If you live in California, the California Bar Association wants to talk ... Read More »

                            My Collection of Mass Joinder Mortgage Litigation, and 1012-R Marketing Mailers

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                            I now have so many people sending in copies of mass joinder marketing pieces that I’m creating this post to just add them to as they come in. If you receive any marketing material on a mass joinder matter or a retainer for participating in a mass joinder case, please upload a copy of the document here. Regulators and enforcement ... Read More »

                              Oregon Shuts Down Debt Collection Law Firm. Attorney Loses License.

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                              Oregon Attorney General John Kroger today announced an agreement that shuts down a Eugene-based law firm that was the subject of dozens of complaints about its debt collection practices. In addition to closing down McGavic & Finney PC, the settlement requires founding partner Derrick E. McGavic to pay $70,000 and surrender his license to practice law. “At a time when ... Read More »

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