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New York Attorney General Sues Two Debt Settlement Firms for Deceiving and Harming Consumers

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Attorney General Andrew M. Cuomo today announced a new development in his nationwide investigation into the debt settlement industry, filing suit against two debt settlement companies for fraudulent business practices and false advertising. Cuomo filed suit against CSA-Credit Solutions of America, Inc. (“CSA”), based in Richardson, Texas, which is one of the largest debt settlement companies in the country. He ... Read More »

    I Want You to Meet Who You Helped Today – Koffi Dzoke

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    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 »

      Credit Card Industry to Punish Consumers for New Credit Card Protections

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      There is no easy way to say this, credit card company greed makes me want to vomit. Today, credit card companies and the American Bankers Association have their britches all in a bunch because new credit card limits and protections for consumers will be voted into law within the week. The banks response, more fear mongering and scare tactics to ... Read More »

        Dutch Debt Song – Warning: Funny but Contains Adult Language

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        I was killing some time and wondered if I could find a song about the repo man. I sure did. but it contained some adult language in it. I could not remember if motherfucker was one word or two so I Googled it. It’s apparently one word, well at least according to Wikipedia, which I read. Anyway, this video came ... Read More »

          Expert Testimony Worth Reading on H.R. 2309 the Consumer Credit Protection Act (Debt Settlement Industry Regulation)

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          The Consumer Credit and Protection Act was recently introduced in the House of Representatives to specifically address issues in some industries, including debt settlement. As boring as it sounds, I was actually reading the testimony of the expert witnesses at the recent committee meeting on the bill and found the segment below to be of specific interest. It appears that ... Read More »

            What You Buy Tells Your Credit Card Company How to Treat You

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            Thanks to @lizweston of Twitter for pointing out this very important article that all debtros need to read. What Does Your Credit-Card Company Know About You? To understand how the credit-card industry got interested in psychology, you have to go way back, to a time when many Americans didn’t have a credit card, when almost every company charged the same ... Read More »

              I Want You to Meet Who You Helped Today – Daisy Millares

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              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 »

                I Awoke to Discover I’m Accidently Smarter Than Wolfram Alpha

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                So this is one of the first days I was able to get on what is hyped as the Google killer world’s smartest search engine, Wolfram Alpha. So of course I immediately typed in my speciality to see what the search engine would say. I wondered if it would replace me? Would it eliminate the need for me to give ... Read More »

                  Illinois Attorney General Sues Two Debt Settlement Firms

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                  Attorney General Lisa Madigan and Acting Secretary of the Illinois Department of Financial and Professional Regulation (IDFPR) Michael T. McRaith warned consumers facing significant credit card debt about the risks of debt settlement offers as she announced two lawsuits filed against debt settlement firms. Attorney General Madigan s lawsuits allege that these companies engage in deceptive marketing practices, charge excessive ... Read More »

                    West Virginia Attorney General Sues Non-Profit Credit Counseling for Really Being All About Profit

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                    Attorney General McGraw Sues James R. Armstrong, Jr. and His Web of Florida Shell Companies Over Fraudulent Credit Counseling Scheme Attorney General Darrell McGraw filed a suit today alleging that James R. Armstrong, Jr. of Coral Springs, Florida, masterminded a web of for-profit companies to enrich himself under the guise of providing debt management services with Family Credit Counseling Corporation, ... Read More »

                      Able Debt Settlement Spanked by West Virginia Attorney General

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                      Able Debt Settlement, Inc., of Irving, Texas, was stopped from doing any business in West Virginia by the Circuit Court of Kanawha County as of May 14, 2009. Attorney General Darrell McGraw sued Able Debt Settlement last month, seeking injunctive relief and restitution for consumers who paid for debt settlement services they never received. Able, formerly of Dallas, Texas, claims ... Read More »

                        Credit Card Reform News as Only Stephen Colbert Can Give It

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                        The Colbert Report Credit Check Gay Marriage Get Out of Debt Guy – Twitter, G+, Facebook Read More »

                          I Want You to Meet Who You Helped Today – Rosita Barrios

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                          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 »

                            Debt Settlement Companies in for a World of Hurt in the U.S.

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                            Debt settlement companies in the United States had better brace for some interesting times, and not good times for them. The Attorney General of New York recently issued subpoenas to fourteen debt settlement companies, not in an interest to learn more about them, but to give him the evidence he need to close down the industry. Seriously, New York has ... Read More »

                              New York Attorney General Announces Nationwide Investigation Into Debt Settlement Industry

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                              Subpoenas Fourteen Debt Settlement Companies and One Law Firm in Connection with Probe Debt Settlement Companies Often Charge Huge Fees for Misleading Plans, Suggest Selling Blood Plasma to Raise Funds, and Leave Consumers in Worse Financial Shape NEW YORK, NY (May 7, 2009) – Attorney General Andrew M. Cuomo today announced a nationwide investigation into the debt settlement industry, subpoenaing ... Read More »

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