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Everest Debt Solutions and FDN Solutions. These Debt Settlement Companies Are Really Starting to Piss Me Off Now.

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Previously I wrote a post “What Do You Think of Everest Debt Solutions? – Margo“. In that post, a reader sent in a question about a company I had never heard of before, Everest Debt Solutions, a debt settlement company. If you look at the comments section of that question you will see that someone that claims to be from ... Read More »

    Credit Card Companies Are Immoral?

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    Recently a friend of mine wrote a post Credit Cards – Close ‘em Shred ‘em & Forget ‘em! and it has really got me thinking. In fact for the last two nights I’ve actually dreamed about the post and having conversations about it. I made my points to Matt in the comments but here is the gist of the position. ... Read More »

      Citibank “Can You Hear Me Now?”

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      Pam and I rode the bike up to the local audiologist yesterday so she could get her custom molded earplugs made for her ipod headset and while we were waiting I saw this on the wall. Talk about targeted marketing. “Hear Now. Pay Later.” Get Out of Debt Guy – Twitter, G+, Facebook Read More »

        Consumers Pissed Off at Credit Card Companies. One-Third Don’t Even Have a Credit Card.

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        Credit card holders are angry. More than a one-third (32%) have paid off and closed a card since January 2008, and half of those that canceled did so in direct response to the actions of credit-card issuers, such as cutting limits, hiking rates, or imposing fees, according to a national poll by Consumer Reports. Twenty-one percent of respondents said they ... Read More »

          75% of Americans Will Work as Long as Possible to Make Ends Meet

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          A new study released by Bankrate, Inc. shows that the vast majority of working Americans plan to work as long as they can during retirement age, showing a redefinition of how Americans view traditional retirement plans. The poll, conducted by Princeton Survey Research Associates International, is included in the new Bankrate Financial Literacy series on Retirement Income, which can be ... Read More »

            Internet Layaway Now Available from Kmart

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            This may just be a great way to deal with the upcoming holiday season. Pick items now, pay for them using the new Kmart layaway program and by the time Christmas comes, everything will be paid for. Imagine a holiday season without any residual debt. Pretty cool. In an ongoing effort to provide its customers with innovative ways to shop, ... Read More »

              Consumer Credit Counseling Service of Greater Atlanta Gets $3.5 Million Grant

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              Grant provides much-needed boost to homeowners in Atlanta, Miami/Fort Lauderdale, New York/Northern New Jersey, Los Angeles, Washington, D.C. and others in danger of foreclosure Consumer Credit Counseling Service (CCCS) of Greater Atlanta today announced that it has received a $3.5 million grant to support its national foreclosure prevention counseling efforts in several metropolitan areas. The much-needed boost will enable CCCS ... Read More »

                Attorney General Cracks Down on Abusive Debt Settlement Industry

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                Illionois Attorney General Lisa Madigan took further action to reform an abusive debt settlement industry that wreaks havoc on financially strapped consumers who are increasingly desperate to manage their rising debts in these difficult economic times. Madigan proposed legislation to prohibit debt settlement firms from engaging in unfair practices that harm consumers including charging upfront fees for services. She also ... Read More »

                  Illinois Attorney General Cracks Down on Debt Settlement Industry

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                  Attorney General Lisa Madigan today took further action to reform an abusive debt settlement industry that wreaks havoc on financially strapped consumers who are increasingly desperate to manage their rising debts in these difficult economic times. Madigan proposed legislation to prohibit debt settlement firms from engaging in unfair practices that harm consumers including charging upfront fees for services. She also ... Read More »

                    California Arrests Dude Operating “No FICO” Credit Card & Credit Repair Scam While Out on Bail

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                    California Attorney General Edmund G. Brown Jr. recently announced that agents from his office and the Santa Ana Police Department have arrested a “serial con artist” who defrauded hundreds of people by charging them $500 to apply for credit cards that did not exist. Ralph Adam Rendon, 33, of Orange County, was arrested late last week on suspicion of grand ... Read More »

                      California Sues Credit Repair Business for Operating Illegally

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                      California Attorney General Edmund G. Brown Jr. today sued Todd Swick and Michael Sardo, owners of Los Angeles based Executive Financial Credit Services, for ignoring “repeated warnings” to register with his office and post a $100,000 bond with the Secretary of State. “Swick and Sardo violated California law by refusing to register their credit repair business with the Attorney General’s ... Read More »

                        New York Files Criminal Charges Against Debt Collectors

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                        Attorney General Andrew M. Cuomo today announced the filing of criminal charges against 12 employees of several Buffalo-area debt collection companies for posing as law enforcement officials and threatening to have consumers thrown in jail unless they immediately paid off the debts that they supposedly owed. All of the individuals charged today worked for one or more of the debt ... Read More »

                          New Regulations to Restrict Debt Settlement Forms Becomes Law, Now.

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                          Last year Attorney General Blumenthal in Connecticut fought to get new laws in place to protect consumers from debt settlement and debt negotiators that charge consumers and up-front fee to settle debts. The law has the following provisions: Obtain a Connecticut debt negotiators license and file a surety bond Not refer to state licensing or bonding as an endorsement Disclose ... Read More »

                            American Debt Control and Debt Relief USA Unfortunately Back in the News

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                            Interesting article worth reading out of Texas about debt settlement and the Debt Relief USA mess. People in desperate financial straits will sometimes go to desperate lengths to get out. And some companies use questionable practices to capitalize on their plights. The most recent example is an Addison-based company that promised to cut consumers’ credit card debt, but instead charged ... Read More »

                              None of that Sissy Stuff

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                              This made me laugh. Enjoy. Get Out of Debt Guy – Twitter, G+, Facebook Are you tired of those sissy ‘friendship’ poems that always sound good, but never actually come close to reality? Well, here is a series of promises that actually speak of True Friendship. You WON’T see cutesy little smiley faces here – Just the stone cold truth ... Read More »

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