Home > Debt Articles (page 153)

Debt Articles

Door Slams Shut on Timeshare Resale Scam by FTC

Ready to Collapse

At the Federal Trade Commission’s request, a federal district court has issued a temporary restraining order against a Florida-based telemarketing scheme that allegedly tricked timeshare owners who sought to sell their timeshare properties. VACATION PROPERTY SERVICES, INC.; VACATION PROPERTY SELLERS, INC. d/b/a Timeshare Experts; HIGHER LEVEL MARKETING, INC. d/b/a Vacation Property Services; ALBERT M. WILSON; DAVID S. TAYLOR and FRANK ... Read More »

    Mass Joinder Case Infighting Worse Than High School. Co-Counsel Mitchell Stein Gets the Boot.

    Spivak1

    It what has become a train wreck of a battle between lawyers pressing forward mass joinder cases against banks for underlying mortgage issues, one of the co-counsels on Ronald v. Bank of America just got publicly dumped. On March 29, 2011 SML LLP and Apex Legal Group (“Moving Parties”) filed a motion to remove Mitchell J. Stein from the case. ... Read More »

      Canada to Switch to Plastic Money They Can Recycle

      Nigeria-10

      Canada is rolling out new currency. Unlike the U.S. this new currency will not be printed on paper, but on a plastic polymer. The hope is the bills will remain in circulation longer and be harder to counterfeit. An added feature for all you germaphobes out there is the bills will be able to be washed and sanitized. Further, scientific ... Read More »

        All Am-Ex’s Live In Texas: Credit Card Debt Laws In The Lone Star State

        Ready to Collapse

        The following guest post was contributed by Cole Collins. Cole is a free lance writer in the personal finance industry with a concentration on consumer debt relief and credit card debt. If you would like to contribute a guest post, click here. While no residents of the United States this day and age should feel comfortable regarding their credit card ... Read More »

          Considering Debt Settlement? Get Informed About Being Sued and How to Deal With It.

          Ready to Collapse

          The following guest post was contributed by Michael Bovee of Consumer Recovery Network. If you would like to contribute a guest post, click here. There are limited options available to people struggling to keep payments current with their unsecured debt. The options you can look to are generally limited to Credit Counseling Associations (CCA) who can set you up in ... Read More »

            IRS Says It Will File Fewer Tax Liens

            Ready to Collapse

            In an article brought to my attention by a great tipster (send in your tips here), the IRS says it will file fewer tax liens and make it easier to get those liens removed from credit records once the debt has been resolved. Kind of a form of legal credit repair. In these tough economic times it can be helpful ... Read More »

              Keep Informed on the Latest Stories. The Debt World Changes Rapidly.

              Ready to Collapse

              It’s probably a good time to remind everyone of the easy ways you can stay informed on the latest news and reader questions. Besides Twitter, or liking the Facebook page, the easiest way to stay informed and keep up to date is to subscribe to the daily emails. I never give out any email addresses and you can easily unsubscribe ... Read More »

                Midland Funding Charged With Robo-Signing Affidavits to Collect on Debts

                Ready to Collapse

                Minnesota Attorney General Lori Swanson today in a legal filing accused one of the nation’s largest “debt buyers” of defrauding Minnesota courts and citizens by filing false and deceptive “robo-signed” affidavits—generated at its offices in St. Cloud, Minnesota—to collect on old consumer debts that it purchased from credit card companies and others for about three cents on the dollar. The ... Read More »

                  Factchecking Banks’ Dubious Claims on Interchange Fees

                  Ready to Collapse

                  by Marian Wang, ProPublica The banking industry has been busy fighting to defeat or delay a proposal that would cap the interchange fees they collect from merchants when customers pay with debit cards. As we’ve noted, they’ve lobbied extensively, and some banks have warned that they’ll end free checking, end some debit rewards, or place limits on the size of ... Read More »

                    Online Payday Loan Provider Impact Cash Charged as a Ponzi.

                    The SEC just filed suit against John Scott Clark, Impact Cash, and Impact Payment Systems. The suit alleges Clark and Impact, which operated an online payday loan business, effectively lured investors in and took their money. From March 2006 to September 2010, Impact and Clark raised more than $47 million from 120 investors to run Impact and buy payday loan ... Read More »

                      Study Finds Consumers Pay Credit Cards Before Mortgage

                      Ready to Collapse

                      TransUnion released a study today that reveals the divergence in payment patterns — where consumers are increasingly apt to pay their credit cards before their mortgages — has now occurred for three straight years. However, for the first time since the deviation began, the percentage of consumers who are current on their credit cards and at least 30 days delinquent ... Read More »

                        The 10 Best Ways to Deal With the Debt Collector

                        Ready to Collapse

                        So you’re in debt and the debt collector is calling. If you are reading this you are probably stressed out, worried, not sleeping well and most certainly freaked out. When dealing with the debt collector you’ve got two choices. You can either be scared or you can rob them of their power and deal with the situation in a open ... Read More »

                          The Importance of Reading the Fine Print of Credit Agreements

                          Screen shot 2011-03-28 at 10.17.41 AM

                          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

                            Zemanta Related Posts Thumbnail

                            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 »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.