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North Carolina Stops Foreclosure Scam by US Consumer Solutions and The Lamb Group

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A Kannapolis, North Carolina foreclosure rescue operation is barred from collecting any money from consumers for foreclosure assistance or loan modifications, Attorney General Roy Cooper announced Friday. [As you read this remember that US Consumer Solutions and The Lamb Group are tied together. Look for the bolded section below.] “Scammers entice struggling homeowners with false promises of lower mortgage payments, ... Read More »

    Debt Settlement Companies Draw Wrong Conclusion About Recent FICO Score Facts

    FICO

    In a press release by Morgan Drexen (Morgan Drexen Warns Consumers: If You Choose Bankruptcy You Could Face a Devastating 240 Point Decline in Your FICO Score) the debt settlement company draws the conclusion and states “Perhaps the difference between debt settlement and bankruptcy, when it comes to FICO scoring, is simply this: through debt settlement, the consumer is making ... Read More »

      Collection Lawyer Blames Wrong Man for Allowing Himself to be Sued.

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      Now here is a story that made me laugh. Picture this, a collections firm sues a man over a debt that isn’t his and the lawyer, in front of the judge, accuses the man of allowing himself to be sued even though he told the collections company he was the wrong guy. Under questioning by the judge, Mr. Hoyte recounted ... Read More »

        When Doing What You Think is the Right is the Wrong Thing to Do During Financial Troubles

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        I am forever faced with people who tell me that no matter how bad their financial situation is they will never consider bankruptcy as an option. Now I understand to that person, the thought of bankruptcy is reprehensible. They feel it is morally wrong or against their religion. They feel it is a violation of the trust others have placed ... Read More »

          Dave Burke, the Radio Host Credit Counselor, and the Real Talk Network Send Client to Collections. WTF!

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          This comment came in on a previous post of mine, What Do You Think of the Dave Burke Real Talk System of Eliminating Debt? – Stan. I don’t think I’ve ever created a new post from a comment before but this comment brought to light some very disturbing issues. I went to the Real talk “Free” seminar. At the end ... Read More »

            Get the New GetOutOfDebt.org Free Debt Help iPhone Application

            Get Out of Debt iPhone Application

            Recently I worked with a company that helped me build an iPhone application for the GetOutOfDebt.org site. I made sure the application would be free for anyone to download. I’ll be adding new features to it in the future but for now just wanted to get my toes in the water and make sure the application worked in a basic ... Read More »

              How to Find a Good Bankruptcy Lawyer or Bankruptcy Attorney

              Click here for free bankruptcy evaluation

              So the time has come that you feel as if you need to explore bankruptcy. At least you want to talk to a bankruptcy lawyer about what bankruptcy would mean for you. People often can’t see that finding a bankruptcy attorney does not mean you are going to file bankruptcy, it means you are going to talk to a professional ... Read More »

                Many Extreme Makeover Homes in Foreclosure

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                The economy has been tough on many but the gifts given by the “Extreme Makeover” show in the way of revamped houses have not been immune to hitting the auction block. Here are some news stories covering the losses faced by people on the show. Brian Wofford’s Home Aided By Extreme Makeover Faces Foreclosure Eric Hebert Faces Foreclosure on His ... Read More »

                  Out of Work, Foreclosed On, and Now Homeless – Video

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                  I came across this video of Jay that found himself out of work, foreclosed on, and is now struggling on the streets. While I didn’t tape this interview, Mark Hovarth from InvisiblePeople.tv did and I’m glad he’s out there doing this. Jay from InvisiblePeople.tv on Vimeo. Read More »

                    Car Loans Falling Further Behind

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                    TransUnion.com released today the results of its analysis of trends in the auto lending industry for the third quarter of 2009. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data available on TransUnion’s Web site www.transunion.com/trenddata. Information for this analysis is culled quarterly from approximately 27 ... Read More »

                      Big News in the Debt Settlement World. Vermont Kicks Debt Settlement USA and Financial Freedom of America Ass.

                      In a move that could be a very interesting trend setter, the state of Vermont has forced two debt settlement companies to refund all fees paid by state residents. While Vermont is a small state and not a whole lot of residents worked with these two companies, it is an interesting approach by a state to protect its citizens from ... Read More »

                        A Sign I Passed That Best Sums Up The Economy

                        Virtual Mortgage

                        So I was on the final leg of my last motorcycle trip. This time heading back at the end of a 1,800 miles on the road. I’m tired, not feeling well and it is early in the morning but I see the sign below and I just had to turn back around to get a picture of it with the ... Read More »

                          Leadango, Selling Debt Settlement and Loan Modification Leads

                          leadango debt settlement leads

                          I saw the press release below and thought it was yet another wonderful example of the “selling” of debt settlement and loan modification services to consumers. Leadango Logo Debt Settlement TV Leads, Debt TV Leads English and Spanish. www.Leadango.com 1-888-957-9990 Debt TV Leads. Our Debt Settlement TV commercials are producing thousands of inbound calls every day. Leadango is #1 in ... Read More »

                            Bankruptcy Becoming More Common Among Upper Middle Class Out of Necessity

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                            For the past few years I’ve been suggesting bankruptcy more and more as a solution to people in trouble. I’ve written about my position, “I Suggest Bankruptcy Too Often, So Say Some“, and I receive my fair share of criticism about the amount of times I suggest bankruptcy. An article out today, full of data, and experts I respect supports ... Read More »

                              Exotic Dancer Opens Foreclosure Avoidance Company, Advertises on Gospel, Partner Punches Lawyer in Face

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                              LOL, OMG, you can’t make this stuff up. A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a “vulture” whose case should serve as a warning to other con artists, a federal judge said yesterday before imposing a sentence of more than 12 years. Joy Jackson, 41, a former exotic dancer who became president ... Read More »

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