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Debt in Stone

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Debt, originally uploaded by iandavid. Some people feel like their debt is set in stone. Apparently they are correct. This debt is set in stone. Just a nice picture that I had to share. Steve Read More »

    Things People Get Wrong About Credit Card Debt

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    Excellent article in the Washington Post titled “Five myths about America’s credit card debt.” You should read it, click here. Highlights from the article. 1. Middle-class American families have long depended on bank credit cards to manage their budgets. Not true. 2. More people have credit cards because companies got better at managing risk and began marketing to lower-income customers. ... Read More »

      Chris Kesterson, President of Debt Settlement Trade Association TASC Settles Charges by State

      Chris Kesterson

      The Association of Settlement Companies, a debt settlement trade association, proclaims to be the watchdog of the industry and to “promote good practice in the debt settlement industry.” But I’ve got to ask myself, if TASC is so focused on working on behalf of consumers then way did the TASC President, Chris Kesterson, (seen left) just settle legal issues with ... Read More »

        Beware of Twitter for Cash Scam

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        A popular one right now? One web site is designed to look like a newspaper front page, with the logos of real newspapers and TV networks. The person featured has a rags to riches story…college dropout now making $10,000 a month working from home. All you have to do is order a twitter cash starter kit for $1.95, but that’s ... Read More »

          Master Builders for Christ and Vision Builders Christian Center Steal Homes of People Facing Foreclosure


          I’m not sure if it’s just me or that there seem to be more financial frauds occurring in the name of God. Using the words of God and a promised opportunity of hope in desperation, three Delaware residents stole the foreclosed houses of desperate homeowners. – Source Delaware Attorney General Beau Biden announced that Jamaar Manlove, Larry Manlove, Rhonda Manlove, ... Read More »

            Debt Settlement Trade Association USOBA Holds Conference at Resort

            Is it just me or does it see a bit insulting that at a time when the debt settlement industry is under fire for profiteering and taking advantage of consumers that the United States Organizations for Bankruptcy Alternatives trade association is holding their upcoming summer 2010 conference at the Four Seasons Resort in Palm Beach, Florida. The ultimate in comfortable ... Read More »

              Payday Store Manager Saves Grandmother From Scam

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              Lincoln County sheriffs investigators say they’re getting several calls a week about con-artists targeting the elderly with ‘the grandparents scam.’ It’s where a caller claims that the would-be victim’s grandchild is in jail and needs bail money. W-S-A-W NewsChannel 7 is reporting one case where the con-artist put a younger female on the phone, posing as the actual grandchild. The ... Read More »

                ChristBilt Builder Arrested For Stealing Money and Running a Scam

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                I am never surprised by the amount of fraud that is perpetrated using religion and christianity and as foundation for the scam. I wonder how many people thought they could easily trust a company with Christ in the name? Out of Atlanta, Charles Laboone, seen getting a free ride in a police car, was arrested for taking money from people ... Read More »

                  Developer Fleeces With Subprime Mortgage Fraud. Defense – Rabbi Said It Was OK.

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                  A Brooklyn developer accused of fleecing dozens of Hasidic families in a massive subprime mortgage fraud scheme took cover behind a divine defense on Tuesday. Eliyahu Ezagui’s lawyer told jurors his client received “a blessing” from the late Rabbi Menachem Schneerson to build affordable housing for the Lubavitcher community in Crown Heights. “It was a mitzvah to him, a Hebrew ... Read More »

                    Woman Hailed Hero by CNN After Paying Off Debt

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                    I saw this video below on CNN about a woman that scrimped and saved to pay off her debt. While the effort sounds heroic the part of the story that concerns me is that it seems they used every dollar available to pay off the debt without putting money in a savings account. But her efforts are unusual in that ... Read More »

                      Capital One Sued by West Virginia Attorney General

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                      Attorney General Darrell McGraw has sued Capital One Bank (USA), N.A. and four other companies in the Circuit Court of Mason County for unfair and deceptive acts and practices, unlawful debt collection practices, and unconscionable conduct in connection with their credit card lending and collection practices. Capital One Bank (USA) is a national bank headquartered in Glen Allen, Virginia. It ... Read More »

                        Claims of Fraud by Debt Relief Companies Soaring

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                        Claims of debt fraud soaring Palm Beach Post,  United States - 2 hours ago As for her credit card debt , the company "made a couple of calls" and came back to her with a proposal to make a reduced, lump-sum payment of $5000 - an ... Read More »

                          Free Get Out Of Debt Calculators Online

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                          Use these free online calculators to discover how to consolidate or pay down your debt in the shortest period of time so you can save the most amount of money. The interactive calculations, dynamic graphs and fully customizable reports are just a few of the features that make our calculators stand out. Our exclusive online calculators can help you get ... Read More »

                            Debt Settlement Legislation to Prohibit Up-Front or Monthly Fees and Cap Fees at 5%

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                            Illinois Attorney General Lisa Madigan is backing legislation to ban debt-settlement companies from charging upfront or monthly fees and that caps payments to firms promising to reduce credit card debt. The legislation would cap fees at 5 percent of the savings resulting from settling a debt, rather than a percentage of debt enrolled. It also would allow cancellation of a ... Read More »

                              Bailout Plan Wants to Push More Credit On Overloaded Consumers

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                              Bailout plan to perpetuate our house of cards Times Herald-Record, NY - 56 minutes ago By Christian Livermore The average client who seeks help at the Consumer Credit Counseling Service of Central New York has $47000 in credit card debt and ... Read More »

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