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A Great Resource to Find Affordable Health Insurance Information

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The government has just launched HealthCare.gov and it is a great site about the affordable options for health insurance in America. Here is how the site describes itself. Welcome to www.HealthCare.gov, a website we designed to help you, your family, your business, your parents and grandparents, and your neighbors and friends get the information you need to make the best ... Read More »

    Canadians in Debt From Really Expensive Sheets

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    I think you’ll like the intro to this story from Canada. The story mentions two debt options. A consumer proposal is like an Individual Voluntary Arrangement (IVA) like offered in the UK. In the U.S. the closest similar solution would be a Chapter 13 bankruptcy. It’s interesting to see warnings in Canada to avoid payday loans. Read More »

      FreeDebtSettlementAdvice.com Appears to Misinform Consumers to Sell Debt Settlement Services

      FreeDebtSettlementAdvice.com today distributed a press release title “Why Bankruptcy Should Always Be The Last Option For Debt Relief” that appears, in my opinion, to sell consumers into debt settlement services through blatant misinformation. Disgusting. Obviously from the title the intent of the release is to try to encourage people away from bankruptcy. But here is what the release says: Bankruptcy ... Read More »

        Mobile Home Missing and Other Videos of the Day

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        I just saw this video and is it just me or are you left wondering what happened to the mobile home that at one time was sitting behind those stairs? Another debt settlement warning video from yet another television station. This time it is from WXYZ in Michigan. This video is about American Debt Services and the advanced fees the ... Read More »

          What to Do When Your Debt Settlement Company Goes Out of Business

          NSCC13

          With regulation of the debt settlement industry around the corner and the debt settlement groups saying that when debt settlement companies are prevented from collecting fees before providing service that 85% of them will go out of business, it’s time we talked about what to do when your debt settlement company fails. The vast majority of debt settlement companies that ... Read More »

            FTC Hopes to Eradicate Broken Debt Collection Litigation and Arbitration

            A report released by the Federal Trade Commission Monday featured the FTC’s complaints about debt collection in our country today. The report featured the conclusion that “consumers are not adequately protected in either debt collection litigation or arbitration.” The FTC put forth recommendations to both the federal and state governments on how to make the debt collecting system “both efficient ... Read More »

              Courts Slammed With Automated Debt-Collection Lawsuits

              Collection Software

              It is not unusual for me to hear from people in the debt relief world, “Oh the creditor won’t want to sue the consumer, it costs the creditor money.” I chuckle inside when I hear that. It’s so not true. While that might be logical, logic and creditors have never walked hand-in-hand. Out of New York comes a story about ... Read More »

                Walk Away From Your Mortgage Without Bankruptcy and Prepare to Get Sued

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                The L.A. Time ran a story citing that Fannie Mae plans to get tough on homeowners who can afford their mortgages but walk away from them in what is now called a “strategic default.” So tough in fact they plan to sue these homeowners that do that. Fannie Mae also states they plan to limit access to new home loans ... Read More »

                  The Inside Scoop on the Free Home Telephone Service That’s Not

                  Last night I saw the commercial below offering free telephone service, or so it appears. [flashvideo file=/wp-content/uploads/IMG_0023.flv /] While the commercial says “the government will pay for you to have free home phone service”, it’s not the whole story. The government program behind this is the Federal Communications Commission (FCC) Lifeline and Link-Up Affordable Telephone Service for Income-Eligible Consumers. To ... Read More »

                    Hulk Hogan Trying to Corner Bad Credit Market

                    Previously I wrote about Hulk Hogan filming a commercial for a debt settlement company. Apparently now he’s moving onwards in the credit disadvantaged market. Below is a video I saw last night for rent to own stuff. Oh Hulk. He even seems to be wearing the same outfit in both spots. [flashvideo file=/wp-content/uploads/IMG_0020.flv /] Read More »

                      Caught In The Web : Debt Collectors Find Fleeting Debtors Via Social Networking Websites

                      I feel the personal need to thank a one, Vanessa Romo, a reporter at NPR for her most recent and compelling article “Elusive Debtors Foiled By Their Social Media Sites“. This article delved into a world I had never considered existed. No not Pandora, but a realm of debt collectors using social media and networking sits to collect debts owed. ... Read More »

                        Abusive Debt Collector Accused of Bankruptcy Fraud : When The Collector Becomes the Collected

                        Over the years Jack H. Boyajian, a seasoned debt collector, has faced accusations from authorities across the U.S. for “illegal methods to squeeze debtors”. This year a new accusation arose against Boyajian after he filed for bankruptcy in August of 2009, that he has defrauded creditors by concealing assets from the court. The Federal Government says he owes around $670,000 ... Read More »

                          Debt Settlement ‘Debt Doctor’ Gets His Ass Kicked in Muay Thai Fight

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                          A tipster (send in your tips here) sent this video in. It’s not groundbreaking news but yet kind of interesting. Apparently Greg Pesetsky from Practical Debt Relief also enjoys a little Muay Thai on the side. Here are two videos that show the “Debt Doctor” selling debt settlement and then getting his ass kicked in the ring. Looks like the ... Read More »

                            A Quarter of People Have a Credit Score Below 599

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                            It’s no surprise that people struggling to makes ends meet would wind up with a bad credit score after maybe maxing out their cards, missing a payment or landing in collections. The Associated Press is reporting that FICO has stated that the credit scores for more and more people are sinking to new lows. The block of consumers that had ... Read More »

                              The Importance of Getting Your Debt Under Control Before Running for Office

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                              D.C. Council chair Kwame Brown got an unexpected surprise recently when it came out that he had been sued repeatedly for unpaid credit card debt. According to reports, Brown, owes over $50,000 in debt he has not addressed which eventually ended up in court. This would not be as big a story if Brown had not run on a position ... Read More »

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