Merchant Cash Advance Company Forced to Send $9.7 Million to Small Businesses

FTC Returns Money to MLM Distributors Deceived by Earning Estimates

The Federal Trade Commission is sending 7,731 checks totaling more than $9.7 million to small businesses who were harmed by Yellowstone Capital, a merchant cash advance company that withdrew money from their bank accounts without permission. Eligible businesses are getting 51% of their money back, averaging more than $1,200 for each check. Recipients should cash … Read more

It Will Surprise You Who is Not Happy With Biden’s Student Loan Forgiveness Plan

President Biden promised college borrowers $10,000 in student-loan forgiveness when he was on the campaign trail. He has yet to deliver on that promise. Some progressives urge Biden to forgive more student debt. The NAACP said, “$10,000 is not enough, We’re calling on our elected officials to cancel federal student loan debt with no means-testing.” … Read more

Parent Plus Loans Are a National Disgrace

Parent-Plus Loans Are a National Disgrace

President Biden is flirting with a massive student-loan forgiveness plan–$10,000 in debt relief for 97 percent of all college borrowers. The Washington Post, perhaps America’s most progressive newspaper, urges him not to pull the trigger. “Biden could ease the burden on the genuinely disadvantaged in a number of more targeted ways,” the WP editorial board … Read more

Does Your Banks Customer Service Suck? Your Opinion Needed.

Does Bank Customer Service Suck? What Do You Think Your Bank Should Do Better?

The Consumer Financial Protection Bureau (CFPB) is seeking public input on how bank customers can assert their rights to better customer service with big banks. A 2010 federal law specifies that consumers have rights to obtain timely responses to requests for information about their accounts from large depository institutions. In today’s Request for Information, the … Read more

Harvest Moon Financial, Gentle Breeze Online, and Green Stream Lending Victims Get Money Back

Harvest Moon Financial, Gentle Breeze Online, and Green Stream Lending Victims Get Money Back

The Federal Trade Commission is sending 26,698 checks totaling more than $970,000 to consumers who were harmed by a deceptive payday lending scheme that operated under the names Harvest Moon Financial, Gentle Breeze Online, and Green Stream Lending. Consumers who receive checks should cash them within 90 days, as indicated on the check. Recipients who … Read more

Credit Repair Head Has An Interesting Court Transcript

Credit Repair Head Has An Interesting Court Transcript

Recent court documents present a very interesting transcript in the case brought by the Department of Justice against Turbo Solutions, Alex Miller Financial Services, Alex Miller Credit Repair, Alexander V. Miller You can find past posts on this case using this and this. Transcript from March 22, 2022 Found in Another Filing DEFENDANT MILLER: Yes. … Read more

Debt Settlement Pros and Cons. My No BS Guide to Settling Your Debt.

I’m shocked. Apparently, I’ve never written an article on the advantages and disadvantages of debt settlement and what to look for or watch for when you go to settle your debt. If you want to talk to someone about your specific situation, I strongly recommend talking to my debt coach friend Damon Day. He is … Read more

The History of Credit & Debt – Betty & Dave

Money troubles are not a modern problem. Many decades ago in Bluffton, Indiana, Betty and Dave Jacobs allowed their money struggles to become the focus of an article in a national magazine. Today millions of families still suffer from the exact same money issues and troubles. They suffer needlessly. It is obvious from reading this … Read more

33 AD, the First Consumer Debt Banking Collapse and Financial Panic

The following piece by Bryan Taylor from Global Financial Data is brilliant. It demonstrates that money troubles and problem debt are nothing new. The turmoil you and others might be feeling today is the same internal shame, fear, and struggles people have been dealing with since the beginning of time. Tiberius ruled the Roman Empire … Read more

You Won’t Believe This Student Loan Forgiveness Insanity. Mobile Homes Exploding, and Rich Folks Living Month-to-Month

Get Out of Debt Guy Podcast

You will not believe the craziness the Department of Education is undertaking to forgive student loans for many while punishing the folks that are in the most financial need. In today’s podcast, I talk about how insane this is. If you owe Parent PLUS loans, you can forget about reasonable forgiveness of student loan debt. … Read more