Latest Posts
Home > Debt Articles (page 200)

Debt Articles

Why Opting Out of Changes in Credit Card Terms Can Be a Bad Idea

Ready to Collapse

I just answered a question from a reader that mentioned that she was going to opt out of a change in terms by her credit card company so she could keep her interest rate where it is now. While that certainly seems like a logical move and a good thing to do, it simply might not be. Opting out has ... Read More »

    Spending More Than You Can Afford and Sex — It’s a Guy Thing

    Ready to Collapse

    I was doing a little light reading yesterday and came across a great article all about how guys that are trying to attract women are much more likely to spend a significant amount more of items of conspicuous consumption than guys not trying to get, ah, laid. Seriously. And me, before I leave you feeling like you alone had sexual ... Read More »

      Morgan Drexen and Some of the Consumer Complaints Against Them

      Ready to Collapse

      Under a Freedom of Information request a document was obtained which contains a number of complaints filed by consumers against Morgan Drexen, the Nevada and California based debt settlement enterprise. Morgan Drexen appears to be coming under an increasing level of scrutiny and has been the subject of a number of consumer complaints and lawsuits for services. – Source Of ... Read More »

        Redline Recovery Services Pretends to Work With Woman’s Lawyer

        Ready to Collapse

        Redline Recovery Services LLC, 11675 Rainwater Drive, Suite 350, Alpharetta, GA 30009 seems to be at it again. They are quickly falling into the rogue collector bucket if they keep up the behavior alleged in the lawsuits below. Well now a Florida woman has claimed that she had retained a lawyer to represent her with her debt and a Mr. ... Read More »

          Dave Burke of Real Talk Network – “Say What?” Financial Freedom Workshop

          I’ve written about Dave Burke before and his Real Talk Network show before. I’m intrigued of his offer since I’m getting questions from people that went to the free seminar and wound up in collections as a result of buying into the sales pitch at the seminar. So I decided to give Dave Burke a shot and spend an hour ... Read More »

            Montana Couple Files Class Action Lawsuit Against Debt Settlement Company Morgan Drexen

            A Montana company has filed a class action lawsuit against the debt settlement company Morgan Drexen. Morgan Drexen is accused of violating racketeering laws and the Credit Repair Organizations Act. A newspaper article said: Morgan Drexen has “actively conspired’’ to avoid laws that apply to debt settlement companies and has “engaged in the unauthorized practice of law,’’ the complaint said. ... Read More »

              What to Do When You Can’t Pay the Mortgage

              Ready to Collapse

              If you’re having trouble making your house payments, the first thing to know is that you are not alone. Home mortgage defaults are at an all-time high across America. This is good news for you, because it means that mortgage lenders are familiar with people in default on their home loans and often have established programs and policies to deal ... Read More »

                John McCain Has Bad Credit Card Rates

                Ready to Collapse

                So there I was on opensecrets.org and looking at the financial disclosure form for presidential candidate Senator John S. McCain, III, and right there on page 27, there it was. John and Cindy McCain have a joint credit card with Chase bank with a balance of between $10,000 to $15,000 and they are paying 25.99% on it. That hit me ... Read More »

                  How to Buy a House With Marks on Your Credit

                  Ready to Collapse

                  If you have any negative marks on your credit such as a late payment, default, repossession, lien, judgment or bankruptcy you probably think you’ll never be able to buy a house. Not so. If you have a steady and secure income that is high enough so you can afford to make the monthly payments, and you have a sufficient sum ... Read More »

                    How to Buy a Car With Marks on Your Credit and Not Get Taken for a Ride

                    Ready to Collapse

                    If you have any negative marks on your credit such as a late payment, default, repossession, foreclosure, lien, judgment or bankruptcy you probably think you’ll have a hard time buying a car (or truck or van). Think again. There are many options available to you, but you’ve got to understand the advantages and disadvantages of each. Consider the following: You ... Read More »

                      Ohio AG Goes after Barclays Capital Real Estate, HomeEq Services for Unfair Loan Modifications

                      The Ohio Attorney general has gone after Barclays Capital Real Estate operating under HomeEQ Servicing for several issues but one of them was an attempt to get Ohio consumers seeking loan modifications to sign agreements that included provisions for the borrower to: Waive all defenses, claims or offsets with respect to the unpaid principal balance as adjusted by HomeEQ to ... Read More »

                        First American Debt Solutions Apparently Lying to Debtors to Scare Them

                        Ready to Collapse

                        Bankruptcy attorney Dan Nunley in Oklahoma gets the credit for breaking this story. “It seems that a debt settlement company by the name of First American Debt Solutions (FADS) of Deerfield Beach, Florida, is mailing solicitation letters to Chapter 13 bankruptcy debtors across the USA. In the letter, FADS blatantly lies to the debtors by telling them that their Chapter ... Read More »

                          How a Secured Credit Card Saved Me After Bankruptcy

                          Ready to Collapse

                          In 1990, after my bankruptcy, I wanted to avoid the use of credit. For me credit was pain because I believed that without credit I would never have found myself bankrupt. Rational or not, that’s how I felt. It wasn’t too long after that I realized that if I was going to be able to do the things I needed ... Read More »

                            How the Washington Post Outed My Bankruptcy Secret

                            Ready to Collapse

                            I am still amazed when I read ignorant stuff about the reason people are going bankrupt is because there is no more stigma about bankruptcy. No, the reason people are going bankrupt is because creditors are manipulating the system for their own accounting or reporting means and not allowing people to repay their debts with as much enthusiasm as the ... Read More »

                              Bank of America Talks About Sales Approach at Branch Banks

                              Ready to Collapse

                              In a recent Wall Street Journal article, Bank of America openly discussed the fact they gave out far too many credit cards and now something is going to have to be done about it to reduce continued risk to the bank. Expect to see more Bank of America credit cards closed unilaterally. But in the same article Bank of America ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                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.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.