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Chapter 7 Bankruptcy Filings Up 25 Percent

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Bankruptcy filings overall rose 20 percent in the 12-month period ending June 30, 2010, according to statistics released today by the Administrative Office of the U.S. Courts. A total of 1,572,597 bankruptcy cases were filed in federal courts in that period, compared to 1,306,315 bankruptcy cases filed in the 12-month period ending June 30, 2009. This is the highest number ... Read More »

    Real Talk Network Linked to Ponzi Schemer. Consumer Loses Yet Again.

    The Real Talk Network, a Colorado based debt relief coaching group that was shut down earlier this year by the Attorney General in Colorado, has been linked to another money losing enterprise. harold Brubaker at is reporting that Jim Melvin, a consumer that fell for the Real Talk Network pitch of paying $3,000 for their debt coaching hoax, was ... Read More »

      California SB 1275 Attempts to Block Foreclosure for Homeowners Able for Modifications

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      Earlier this year the California Senate passed a bill that allows people that would be eligible for a mortgage modification from their lender from being foreclosed on. The bill would be in effect until January 1, 2013 and the intention is to help people in their homes. The Los Angeles Times has come out in support of the bill. One ... Read More »

        Citibank to Offer Card Consumers Can Use to Set Sending Limits

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        Citi and MasterCard Worldwide today announced that Citi will implement the first-ever consumer application in the U.S. of MasterCard inControl – an innovative service that gives cardholders the ability to set spending controls and receive real-time information about their accounts. “We believe that MasterCard inControl will help enhance our cardholders’ experience, through increased transparency, greater spending confidence, and more secure ... Read More »

          Off to College: How to Use Credit Cards and Not Get in Over Your Head

          Total Interest Payment Made When Paying Only the Minimum Payment

          Let’s face it: when it comes to getting credit, most students have it easy these days. Most college students do get credit cards — and plenty of them if they want. According to a recent study for the Education Resources Institute and the Institute for Higher Education Policy, many college students have credit cards and some of them got their ... Read More »

            Bill and Debt’s Excellent Adventure: In Coins We Trust

            Gold Coin Flyer

            Are you someone concerned with debt? How about our nation’s debt? Are you eager to see the government spend less? Well, you may be able to help the cause at home for less government spending if you’re a fan of having jingling pockets of $1 coins. For the past 10 years the government has been trying to get $1 coins ... Read More »

              “The Collector’s Pledge” Marks a Positive Turn in the Debt Collection Industry

              Martin Sher of AmSher Receivables Management in Birmingham, Alabama has recently made a huge step in the debt collection industry with “The Collector’s Pledge”. Sher, with over 30 years experience in the credit and collection industry was named as the president of ACA International (the Association of Credit and Collection Professionals) for 2010-2011. Sher co-owns AmSher Receivables with his brother, ... Read More »

                Credit Card Debt Settlement Act Of 2010 – No Such Thing

                A press release crossed my desk about “Credit Card Debt Settlement Act Of 2010” and I had to do a double take. Wha-wha-what! The release seems to create a new advertising opportunity for less than straightforward debt settlement companies to start sending out official looking government mailers promoting the Credit Card Debt Settlement Act Of 2010, an act which does ... Read More »

                  Simplified Credit Card Agreement Sample

                  Simplified Credit Card Agreement

                  Wouldn’t it be nice if credit card agreements could actually be easy to understand, simple and legible? Branding expert Alan Siegel thinks so. Siegel’s firm of communication experts has created a sample credit card agreement to help end the communication and information confusion created by the current small print contracts sent out by credit cards companies. What do you think ... Read More »

                    In California About Half Report Funding Gambling on Credit Cards

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                    The State of California just released some interesting statistics regarding the 5,009 calls to their 1-800-GAMBLER hotline. 53% of the callers said they financed their gambling with credit cards. 38% said their credit cards were maxed out. The average amount of money the callers spent gambling was $28,647. The callers’ average personal debt was $29, 972. It appears from the ... Read More »

                      Misleading Debt Relief Marketing Still Exists. What Do You Think of This?


                      This morning I was online and I saw an ad that looked like it was offering some sort of government backed or sanctioned debt relief solution. The ad lead to another page, and another, and another. Here is what I saw. Do you think this type of advertising, that appears to be one thing, like news or government supported is ... Read More »

                        Baseball Star Jose Conseco Pitched Out of His Rented Home

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                        Money troubles are not limited to us unrich and unfamous. Former Major League Baseball star Jose Conseco has apparently been “relocated” out of his rental home for allegedly missing a couple of months of rent. You can watch the TMZ video of Conseco not answering questions about it, here. Get Out of Debt Guy – Twitter, G+, Facebook Need More ... Read More »

                          Banks Target MVBs, Most Vulnerable Bankers, to Keep Overdraft “Protection” Before Regulation E Comes Into Effect

                          Samples of Opt-In Marketing Strategies to Financial Institutions

                          Overdraft “protection” as we know it in America will make a positive change August 15, 2010. Considering to protect something means to cover or shield from exposure, injury, damage, or destruction, overdraft “protection” is anything but that. I view it as one of those “convince” fees. Let’s just call it what it is: a service charge. Most banks charge a ... Read More »

                            FTC Cracks Down on Bogus Medical Discount Plans.

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                            Operators charged with scamming people who did not have health insurance – the uninsured, the unemployed, and the uninsurable – have been targeted by a federal-state coalition of law enforcement agencies for fraudulently marketing “medical discount plans” as health insurance. The Federal Trade Commission and law enforcers in 24 states have filed a total of 54 lawsuits and regulatory actions ... Read More »

                              The Debt Settlement Good Faith Estimate Guide for the Confused Consumer

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                              As of September 27, 2010, debt settlement and debt relief companies are going to have to provide data to consumers when enrolling new clients or when promoting results. These facts are are part of the “Good Faith Estimate” and will help consumers to select the company they wish to work with. The Federal Trade Commission says that they have determined ... Read More »

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