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Nightclub Boss Roughs Up and Threatens to Shoot Debt Collector

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  Photo Credit: mbsurf Bristol Crown Court in England had their hands full today when a case involving a nightclub boss that threatened to shoot a debt collector collecting a £4,000 debt owed to the city passed over their desks today. Nightclub boss, Cam Mu, is being accused of having armed himself with a rifle and kicking Christopher Simcock, bailiff ... Read More »

    Elderly Investors Scammed by “Man of God” Fraud

    Sad Elderly Lady

      Photo Credit: Tiziano Caviglia Nigerian Citizen and Texas Resident, Samuel LeMaire, was recently sued by the SEC for alleged religious affinity fraud against elderly investors. The lawsuit filed June 7, 2010 by the SEC claims LeMaire presented himself as a “man of God” who intended to start a charitable foundation to help needy Nigerian children to investors by proposing ... Read More »

      How to Shop for a Good Debt Management Program

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      You deserve to feel completely certain that you’ve picked the best organization to help you solve your financial issues. We’ve prepared this list of questions to help you find the right organization to represent you. 1. Will You Send Me Information About Your Organization and Programs? A credit counseling organization should be willing to give you information about its programs ... Read More »

        What You Need to Know Before You Refinance Your Home to Pay Off Debts

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        Consolidating your debt with the equity in your home can be a terrific money-saving strategy. The interest rate may be much lower than you’re paying on your other bills and, if you itemize on your tax return, you can usually deduct the interest you pay – making the effective rate of the loan even more attractive. But what seems like ... Read More »

          How to Start Your Own Successful Business With Little Money

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          Tired of the 9 to 5 grind? Considering going into business for yourself? You’re not alone. Millions of people have a similar dream. A few brave ones take the next step. Unfortunately, for many, the dream can turn into a nightmare quickly. The U.S. Small Business Administration statistics show that well over half of all new small businesses fail. Bankruptcy ... Read More »

            What to Do If You Are Sued

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            Finding yourself at the wrong end of a lawsuit can be stressful. Whether you are sued for a relatively small amount in small claims court or a larger amount in circuit court, the experience is never pleasant. If you are sued in small claims court, you will find that the system is designed for people who are not necessarily familiar ... Read More »

              Stuck in a Contract: What to Do Before and After You Sign up for Clubs (Health/Timeshare/Camping/Travel)

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              Whether you’re planning an excursion to the Virgin Islands, negotiating a timeshare in Vermont or thinking about getting into shape by joining a health club, the contract you sign will determine the rules you have to follow throughout the entire term of your agreement. Reading carefully before you sign will help you to avoid problems later. Generally, most contracts can ... Read More »

                Drowning in Student Loans?

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                If you can’t make payments on your student loans, don’t panic. Don’t just give up and invite default, either. Default means that your credit will be damaged and your loan balance will increase dramatically with the addition of collection fees. And once you default, the holder of your loan will probably grab a portion of your paycheck and nab any ... Read More »

                  Supreme Court Rules in Favor of Chapter 13 Bankruptcy Debtors

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                  In a case before the Supreme Court the Court today issued their opinion favoring the debtor in this case. In HAMILTON, CHAPTER 13 TRUSTEE v. LANNING the bankruptcy trustee, Hamilton, a private trustee objected to the monthly payment the debtor, Stephanie Kay Lanning, stated she could reasonably afford to pay. The trustee had followed a mechanical calculation to determine the ... Read More »

                    Repossession: Why It Happens, What You Can Do, and Your Rights Before, During and After

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                    If you fail to make payments on a car loan, or anticipate a problem paying in the near future, you should be familiar with the process of repossession and what rights you may have. This article will cover your rights before and after repossession, starting with the security agreement you signed when you bought the car and ending with your ... Read More »

                      Plastic Power: Smart Strategies for Making the Most of Your Credit Cards

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                      At GetOutOfDebt.org, we help thousands of people with too much debt. So you probably figure we’d think credit cards are terrible, right? Wrong! Credit cards can be a great tool and can even save you money if you’re smart about how you use them. That doesn’t mean charging up a storm on things you can’t afford, or even using your ... Read More »

                        Money Saving Strategies for New Parents

                        Can I Afford to Work - Or Stay Home?

                        You’ve heard the statistics: it’s going to take a zillion dollars to clothe, feed and take care of your child until adulthood. And that doesn’t include college — or the money you’ll spend if they stick around after 18! But you’re plunging into parenthood anyway. Good for you! You don’t have to go completely into hock to raise your child ... Read More »

                          Divorce in The Military: Protect Your Financial Future

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                          If you’re going through a divorce, you’re probably exhausted by the emotional upheaval and the day-to-day details of carving out a new, separate life. Separation when you or your spouse is a member of the military can pose special concerns, like division of military pensions or survivor benefits. One thing that’s easily overlooked — or outright ignored — in the ... Read More »

                            Net Worth: What It Means and How to Increase Yours

                            Quick Question: What’s your net worth? If you’re like most people, you don’t know. And you may not even know how to calculate it. You may think that net worth is something only wealthy people need to worry about, but in fact, it’s a very useful figure and no matter who you are, you should know yours. Luckily, it’s not ... Read More »

                              Jewelry Store and Pawnshop Owner Charged With Running Ponzi Scheme

                              Yesterday in Miami, Luis Felipe Perez was sued by the Securities and Exchange Commission for defrauding primarily Hispanic consumers by investing money for fixed returns. From 2006 until June 2009, Perez raised approximately $40 million in a Ponzi scheme affecting approximately 35 South Florida investors, many of whom were Hispanic. Using personal and family relationships while boasting of a successful ... Read More »

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