Latest Posts
Home > Debt Articles (page 215)

Debt Articles

New York Attorney General Goes After Loan Modification and Foreclosure Rescue Companies for Screwing Consumers

Ready to Collapse

Attorney General Andrew M. Cuomo announced his office is taking legal action against a leading New York foreclosure rescue company for charging illegal up-front fees and engaging in consumer fraud. The company targets homeowners facing foreclosure by claiming that it can save their homes, but often fails to provide the services promised. The Attorney General’s Office served a notice of ... Read More »

    Wells Fargo Bank Offering Title Loans. I Think the Ad is Misleading.

    wellsfargo

    I saw an advertisement online just a minute ago. It surprised me. Consolidate Using Vehicle Consolidate Bills & Reduce Monthly Payments Using Your Vehicle-Apply! Now you can refinance your used car, which is not a new thing, companies have been doing this for years. But this is the first time I can remember that a major bank will refinance a ... Read More »

      New York Times: Debt Settlement Industry is Nervous

      Ready to Collapse

      If you are interested in the comings and goings of the debt settlement industry I think you’ll find the artcile in the New York Times titled “The Debt Settlement Industry Is Busy, but It’s a Bit Nervous, Too“, interesting. Noting “the legal firestorm that has subsumed the debt settlement industry” in recent years, Jeffrey Tenenbaum, a lawyer representing dozens of ... Read More »

        Financial Education For High School Students Does Not Work and Could be a Waste of Time and Money

        financialed

        In what feels like a never ending series of debunking articles about financial topics, like why a 15 year mortgage is less safe than a 30 year mortgage, here is another installment, this time about financial education. Typically financial education classes are touted as some sort of inoculation that can be given to high school students to prepare them for ... Read More »

          Credit Card Companies Accelerate Card Closures. More to Come.

          Closures

          If you have a moment you need to take a look at Credit Card Line Reductions and Eliminations on the Credit Slips blog. Thank you Adam Levitin for posting this information. Read full post here. In the coming months and years we are likely to hear the banking industry and its supporters blame the Credit CARD Act for reductions in ... Read More »

            Dallas Based Debt Settlement Company Issues Press Release With Jaw Dropping Statements

            Ready to Collapse

            I was just reading a press release issued by a Dallas, TX based debt settlement company. I’m not going to publish the whole thing here but this section actually made my jaw drop when I read it. “I have worked for a bankruptcy attorney for 13 years consulting consumers about chapter 7 and chapter 13 bankruptcies. It is plain and ... Read More »

              Majority of Bankruptcies Linked to Illness and Medical Bills

              Ready to Collapse

              Harvard study finds 50 percent increase from 2001 Most of those bankrupted by illness were middle class and had insurance Medical problems contributed to nearly two-thirds (62.1 percent) of all bankruptcies in 2007, according to a study in the August issue of the American Journal of Medicine that was published today online. The data were collected prior to the current ... Read More »

                Loan Modification Companies May Not Charge Up-Front Fees Says Florida Attorney General

                Ready to Collapse

                Attorney General Bill McCollum announced that his office has filed a lawsuit against an Orlando loan modification company alleging the company was committing foreclosure rescue fraud. Three Angels Community Action Network and company president Sherrard A. Haugabrooks are named in the lawsuit filed in Seminole County Circuit Court. The lawsuit specifically alleges violations of Florida’s Foreclosure Rescue Law, §501.1377. Members ... Read More »

                  Debt Settlement Companies May Not Be Paid For Services Not Yet Delivered Says MO AG

                  Ready to Collapse

                  Missouri Attorney General Chris Koster has filed suit against a company that advertised to consumers it could get people out of credit-card debt and lower their monthly payments, but did not deliver the services it promised. Koster said the company, Credit Solutions of America in Richardson, Texas, marketed to Missourians that it could reduce their payments by fifty percent, lower ... Read More »

                    I Got Blacklisted and Banned by Digg and I Can’t Get Out. It’s a Life Sentence.

                    Ready to Collapse

                    Look, I will be the first one to admit. I f****ed up by installing a social media plugin in 2007, for a short period of time on the GetOutOfDebt.org site. The WordPress plugin would randomly submit a post to Digg and other similar sites to help save me time. I didn’t like the way it worked and felt uncomfortable with ... Read More »

                      Michigan Credit Adjustors, in Trouble and on Fire! – Vicki

                      fire

                      I wasn’t really sure what to do with this question or statement that came in so I thought I’d just publish it and hope that others can add something to it regarding their experience with Michigan Debt Adjustors, positive, neutral, or negative. The reason I’m doing this is that there is just little to nothing written or on the web ... Read More »

                        California AG Takes Action Against Foreclosure Consultants & Loan Modification Companies

                        Ready to Collapse

                        Continuing his fight against scam artists who “prey on” vulnerable Californians, Attorney General Edmund G. Brown Jr. today issued a directive forcing foreclosure consultants to register with his office and post a $100,000 bond by July 1, 2009. Those who fail to do so will be in violation of state law, subject to criminal penalties of up to a year ... Read More »

                          I Want You to Meet Who You Helped Today – Gemima

                          326951

                          It is important for you to meet who we helped today through this site. As I mention, all over the place, revenue from people clicking on ads and using the service of advertisers is used to help sponsor people in poverty through Kiva. Please visit or use the services of advertisers on the GetOutOfDebt.org site so we can help more ... Read More »

                            Attorney General Reaches Deal With Debt Collection Companies Over Deceptive Practices

                            Ready to Collapse

                            New York Attorney General Andrew M. Cuomo today announced that his office has reached an agreement with three New York debt collection companies that failed to adequately supervise employees who engaged in deceptive and fraudulent methods to collect debts. The three companies, Creditors Interchange Receivable Management, LLC, Capital Management Services, LP and Tri-Financial, LLC, have agreed to substantially reform their ... Read More »

                              Just Because Your Bank Modified Your Mortgage Doesn’t Mean It Will Stick

                              Ready to Collapse

                              A very interesting article on the Mortgage law Network appeared that you should be aware of. And banks are failing at an alarming rate. When a bank is taken over by the FDIC, the FDIC is protected by law from “side deals” made with borrowers which might tend to reduce the value of your loan to them. What does this ... 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.