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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. 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

        Ready to Collapse

        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

          Ready to Collapse

          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 »

            Morgan Drexen Almost Hits the Target With Debt Settlement Petition

            Ready to Collapse

            Most of the news coming from the debt settlement industry these days is either about how the sky will fall if the new Federal Trade Commission guidance goes into place to control the debt settlement industry, or how it is needed. Well here is an interesting press release just out from the folks at the debt settlement company Morgan Drexen. ... Read More »

              Maine AG Queues Up and Sues Credit Solutions of America.

              Ready to Collapse

              Attorney General Janet Mills announced today that she has filed suit against Credit Solutions of America, Inc. (CSA) and its president, Douglas Van Arsdale, for unfair and deceptive practices in the marketing and provision of debt settlement services to hundreds of Maine consumers. This lawsuit follows an investigation conducted by staff in the Attorney General’s Office and at the Bureau ... Read More »

                Love Irony? You’ll Love This. Debt Settlement Industry Upset About Greed and Quality of…Itself.

                Ready to Collapse

                A press release from Live Transfers USA really caught my eye, especially since they were bitching about the very same debt settlement infomercial I mentioned to you many months ago in “The Selling of Debt Settlement Services. It’s Easy to Sucker You In.” The release also complained that some in the debt settlement industry were unlawful, unscrupulous, unethical and not ... Read More »

                  Is Your Lover an Oniomaniac and Likes to Perform Oniomania With You in Public?

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                  I think most of us are aware of the normal sexual dysfunctions like Nymphomania, the “Sex Buddy” Syndrome, Persistent Sexual Arousal Syndrome and now we have condition that you need to watch out for, oniomania. By now I’ve got your attention but I’ll have to let you down easy, oniomania isn’t a sexual dysfunction, it’s a shopping dysfunction. Sometimes the ... Read More »

                    Debt Collector That Called People Loser for Not Paying Their Debts Just Went Bankrupt

                    I don’t think people who go bankrupt are losers or morally corrupt. Most people are just good people stuck in the middle of a really bad situation. But people do feel bad about the situation and often feel less than whole for having lived through the need to file bankruptcy. But I could not help chuckle at the irony here ... Read More »

                      Debt Settlements May Be Voided And the Money Due Anyway

                      A recent posting, “An IRS 1099-C Form Does Not Mean Debt is Discharged” caught my eye. It highlights a great potential risk for people that use debt settlement to eliminate their debt. The surprise is that while they think the debt settlement process has discharged their debt, it absolutely might not. A third circuit bankruptcy case recently decided that Form ... Read More »

                        Now You Know the Debt Settlement Industry is in Trouble When Alaska Cracks Down

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                        Alaska, otherwise known as the last of the rough and tumble frontiers in America, is often the last bastion of lawlessness. Have you watched the Alaska State Trooper television show? A story by KYUU in Alaska made me chuckle. Apparently Alaska is outraged by the actions of debt settlement companies that are charging up-front fees. Alaska’s attorney general has joined ... Read More »

                          Illinois Attorney General Madigan Sues Company Making Debt Reduction Promises

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                          Illinois Attorney General Lisa Madigan today filed a lawsuit targeting a telemarketing scam that promises to immediately reduce consumers’ credit card interest rates but ultimately fails to achieve any savings for consumers. “During these difficult economic times, consumers are understandably looking for ways to ease the burdens of rising debt,” Madigan said. “But I urge consumers to be wary when ... Read More »

                            85% of Debt Settlement Companies May Be Closing Soon and Taking Your Money With Them

                            Ready to Collapse

                            There is no doubt that the workshops and hearings by the Federal Trade Commission (FTC) are going to result in changes that will significantly impact the debt settlement industry. The FTC has been carefully looking into the industry and is disgusted with the actions of many companies. These would be the companies that charge large up-front fees to consumers, collect ... Read More »

                              The Second Attribute to Getting Out of Debt – Gratitude

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                              This is an excerpt from my ebook “The Path to Happiness and Wealth” that you can download for free here. The Second Attribute – Gratitude You know someone has achieved internal prosperity if they are grateful for the life they have. So, if someone else does something kind for you, be grateful. The only thing you are entitled to in ... Read More »

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