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Infographic on Retail Closures

Which Retailers Are Closing Their Doors

Here’s a very nice infographic on which big retailers are closing their doors. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Click on image for larger view. Read More »

    SmartBuy, Frisco Marketing, Integrity Financial, MilitaryZone and Rome Finance Company All Accused of Scamming Soldiers

    New York Attorney General Andrew M. Cuomo today filed a lawsuit against three nationwide lenders and their affiliated companies for preying on members of the military by selling them grossly overpriced electronics and then trapping them in illegal and open-ended credit plans. Attorney General Cuomo has also notified Defense Secretary Robert Gates and Secretary of the Army John McHugh of ... Read More »

      LifeLock CEO Has Identity Stolen 13 Times While Promising in Ads That LifeLock Protects Your Credit

      Todd Davis LifeLock

      Excerpts from a great article out of Phoenix that you need to read if you are interested in LifeLock. Apparently not only does the service not work but the guarantee they use to promise to protect customers is full of holes as well. Most telling was the fact that CEP Todd Davis has had his identity stolen 13 times since ... Read More »

        If You Owe Chase Bank, Forget About Debt Settlement.

        Ready to Collapse

        In recent communications with Chase Bank they helped me to understand their policy when it comes to working with debt settlement companies, they won’t. Paul Hartwick, spokesperson for Chase told me, “Chase will not work with debt settlement companies. Customers who notify Chase that they are working with a debt settlement company will be advised of this policy and encouraged ... Read More »

          MTV Looking for Person with Money Troubles for Show

          Ready to Collapse

          MTV contacted me and is looking for someone to appear on one of their shows, True Life. The information is below if you interested in being on television. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? True Life is MTV’s award-winning series that covers diverse topics that are important to our audience, ranging from pop culture ... Read More »

            Construction Company Avoids Having Their Bank Account Artificially Stimulated

            Ready to Collapse

            A Nebraska construction company avoided being scammed out of thousands of dollars, thanks to the help of its bank. The company, Midcon Construction Inc., received a letter April 20 that appeared to be from the U.S. Department of Transportation. The letter requested the company provide financial information to be eligible for procurement. The employee faxed Midcon’s bank account number and ... Read More »

              Consumer Attorney Jason Rapa Speaks Out About the Importance of Validating Debt When Sued

              Today I’, talking with consumer attorney Jason Rapa from Pennsylvania. We talk about both debt validation and debt collector behavior. Today, bad debt buyers are unable to cough up proof a debt is valid and actually legally collectable but depending on where you live, the inability to validate the debt can’t be relied on alone to prevent you from being ... Read More »

                2003 Backroads of American Debt – Day 1

                Ready to Collapse

                In 2003 a small team and I traveled across America from Maryland to California to talk to people about money. credit, and debt. After making the trip, before the tapes were able to be professionally edited, my life and the non-profit group I founded changed dramatically and the tapes never made the light of day. It was on this trip ... Read More »

                  Consumer Protection Offices Across America: State, County, City, Attorney General

                  Ready to Collapse

                  Please note: Our most current page of consumer protection contacts is now located at State and Local Consumer Protection and Consumer Affairs Listings Please click here to reach the current data. Alabama State Offices Alabama Office of Attorney General Consumer Affairs Section 501 Washington Ave. Montgomery, AL 36130 334-242-7335 Toll free: 1-800-392-5658 (AL) www.ago.state.al.us Alaska State Offices Consumer Protection Unit ... Read More »

                    My Debt Settlement Company Went Out of Business

                    Ready to Collapse

                    New regulatory action by the Federal Trade Commission and the Debt Settlement Consumer Protection Act will probably put a vast majority of debt settlement companies out of business. My bet is that those companies that close doors will soon file bankruptcy to terminate any claims a past client might have for refunds. Hopefully many of those companies were using the ... Read More »

                      Ohio Passes Bill to Cut Payday Lender Fees After Spirited Debate

                      Ready to Collapse

                      Some lawmakers argued that the unintended consequences of restricting the interest rate charged by Payday loans would lead to hurt people. Rep. Bill Coley said, “You’ve got the cart way before the horse,” he said, telling supporters they were being pious by trying to protect people from themselves. “Let’s find an alternative where people can borrow money from before we ... Read More »

                        Cash4Gold and Other Metal Melters Facing Regulation Under Guarantee of a Legitimate Deal Act

                        It’s long puzzled me how people would partake in those Cash4Gold commercials. You’ve seen them. Typically it’s were some desperate consumers puts their valuable gold into an envelope and sends it off, untraced, or underinsured to some company that melts down the items and sends the person back a check for whatever they feel like. [flashvideo file=/wp-content/uploads/cash4gold.flv /] These type ... Read More »

                          If a Woman Touches a Man He’s More Likely to Take Bigger Financial Risks

                          Ready to Collapse

                          You may have read the headline for this post and said “of course it does.” But a recent study published in “Psychological Science” found that if a woman patted a man on the shoulder that he would be willing to take higher financial risk than if she had not touched them at all. For women, it didn’t make much of ... Read More »

                            Video of Repo Men Taking Jet

                            Ready to Collapse

                            An interesting video from CNN on high-end repos. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Read More »

                              LendingClub Adds New Five Year Debt Consolidation Loans

                              LendingClub.com five year notes

                              I have written a lot about LendingClub.com and the fact it is a person-to-person lending network where people like you and me lend others through the LendingClub.com platform. Many of the loans I invest in are debt consolidation loans to help people that are looking for unsecured, low rate, fixed loans to pay off more expensive debt. I logged on ... Read More »

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