Latest Posts
Home > Debt Articles (page 200)

Debt Articles

Minnesotta Attorney General Misses Key Point in Suit Against Firms

Yesterday Debt Rx USA, FH Financail Services, Morgan Drexen, Pathway Financial Management, and State Capital Financial were all sued by Minnesota Attorney General Lori Swanson for services they had delivered. MPR had the following story about the event. Swanson seems surprised that debt settlement companies do not deliver on the services they promise. “They’re very slick at what they do,” ... Read More »

    Debt Rx USA, FH Financail Services, Morgan Drexen, Pathway Financial Management, and State Capital Financial – All Sued By Minn. AG for Debt Settlement Services

    Ready to Collapse

    Minnesotta today sued six debt settlement companies for overcharging consumers and operating illegally in Minnesota. The companies are: Debt Rx USA, FH Financail Services, Morgan Drexen, Pathway Financial Management, and State Capital Financial. The state attorney general sued six out-of-state debt settlement companies Thursday for alleged violations of Minnesota law that left consumers already struggling with their debt in worse ... Read More »

      Improving the Quality of Your Life. What Works For Me.

      Ready to Collapse

      Here is a great post from a fellow blogger Leo Babauta about breaking free from the shackles of artificial goals. Just like Leo, this is actually how I live my life. It’s nice to find a fellow traveler who has found a better path. Maybe this will ring true with you as well. Get Out of Debt Guy – Twitter, ... Read More »

        Crazy Things to Do When You Can’t Pay The Bills

        Living through money troubles, collection calls, delinquent notices and the fear of not being able to pay bills is not only scary but it makes us do some really stupid things. I thought I’d give you a free copy of my book Eliminate Your Debt Like a Pro. It is in a PDF format so just click on that link ... Read More »

          FTC to Ban Upfront Fees for Foreclosure Rescue or Mortgage Modification

          Ready to Collapse

          The Federal Trade Commission moved to protect distressed homeowners from the promoters of bogus foreclosure rescue and mortgage modification services by proposing a new rule that would forbid companies to charge up-front for these services. Instead, companies could only collect payment after providing services. “Homeowners facing foreclosure or struggling to make mortgage payments shouldn’t have to contend with fraudulent ‘companies’ ... Read More »

            Size Matters. How Big Are You?

            Ready to Collapse

            What do you consider status symbols? What are the signs that you’ve “made it” in your world? And do you think that what you consider to be markers of your place in society is substantially different from what others consider? Are there regional differences as well, or differences based on how you were brought up or what your family had? ... Read More »

              Meritxell Negre Singing About Debt Settlement for Debt Free League


              Meritxell Negre, the Latin Queen of Soul and the new Peaches (albeit 6th Peaches) in Peaches and Herb is now singing about a debt settlement program that is named the “National Debt Relief Stimulus Plan.” That sure sounds like the name of a program designed to fool consumers into thinking there is some so or government sponsored debt elimination program. ... Read More »

                Beware of Cash This Check Scam Which Can Leaves You Broke

                This isn’t necessarily a new scam, but it has found renewed legs in these difficult times. Here is how it works. Out of the blue you will get a check that looks official like a cashiers check, money order, certified check, etc. The person sending it to you will either send you the check with a job offer like a ... Read More »

                  Brian Austin Green – Bank Wants His Home Back

                  Brian Austin Green

                  Apparently Brian Austen Green is playing a little alleged Russian Roulette with his mortgage company. He says he’s playing a calculated move and going for a short sale but his mortgage company SunTrust Mortgage just filed papers saying Green, of 90210 fame, owes $71,000 in back payments on his $2,000,000 mortgage. According to the docs, SunTrust has begun the foreclosure ... Read More »

                    Debt Settlement Companies Targeting Facebook for Leads

                    Ready to Collapse

                    The new Pay Per Close (not per lead) debt leads system by is quickly providing a return on investment for it’s current members. Debt settlement firms buy leads and marketing everyday in order to find debt saturated consumers in need of some debt relief. There is an element of risk associated with buying debt leads and marketing to generate ... Read More »

                      Mortgage Rescue Scam Results in Guilty Plea From Lawyer

                      Ready to Collapse

                      In a look into the future when more lawyers are going to find themselves in hot water from current foreclosure avoidance scams, yet another lawyer has been found guilty of running a foreclosure rescue or mortgage rescue scam. This time the show unfolded in Pennsylvania. The government alleged that Doherty and four others targeted homeowners facing foreclosure, promised to help ... Read More »

                        Pastor of Center Harbor Christian Church Implicated in Loan Scam Run By Son

                        Ready to Collapse

                        Robert Farah, pastor of Center Harbor Christian Church in New Hampshire, says he’s a victim of the alleged scam run by his son, Scott Farah. But in Belknap County Superior Court yesterday, lawyers investigating Scott Farah and his former business partner said Robert Farah profited from his son’s alleged fraud. Attorney Thomas Donovan, who’s representing several former investors of Financial ... Read More »

                          FAFSA Student Loan Scam to Avoid

                          Ready to Collapse

                          This just out of Tennessee: The state deadline for college financial aid is quickly approaching, and state officials are asking parents and students to beware of official-looking letters promising student financial aid information for a fee. Attorney General Bob Cooper and Division of Consumer Affairs Director Mary Clement are urging Tennesseans to be wary of potential financial scams designed to ... Read More »

                            Clear Your Debt, Endebt Solutions, Debt Consultants of America, DebtOne Financial, American Debt Arbitration – Sued by Illinois

                            Ready to Collapse

                            Illinois Attorney General Lisa Madigan today filed four lawsuits against debt settlement companies, alleging that the defendants are engaging in deceptive marketing practices, charging excessive fees and doing little or nothing to improve consumers’ financial standing. Along with these suits, Madigan has proposed legislation that would crackdown on the industry’s abusive practices. “These companies are unfairly luring financially strapped consumers ... Read More »

                              If You Live In The Real America, Be Patriotic. Go Shopping And Run Up Credit Card Debt.

                              Ready to Collapse

                              Have you heard the stories that the government wants us to get out and go shopping to stimulate the economy? Remember after 9/11 when President Bush encouraged people to go shopping to get things moving again? Well I think the patriotic shopping argument may have gone too far now with Discover flying their American flag credit card. (You can see ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.