Latest Posts
Home > Debt Articles (page 22)

Debt Articles

Women, Want to Make as Much as a Man?

college-class

A new study out comes to the conclusion if women want to explode the gender pay gap then they need to stop thinking about going to expensive colleges and universities. “For women who attended elite institutions, the gender pay gap persists, they found. But for women who study in the lucrative majors [“science, technology, mathematics and business”], the pay gap ... Read More »

    A Million Consumers Victims of GE CareCredit. Refunds to Follow.

    cfpb

    The Consumer Financial Protection Bureau (CFPB) has taken action against GE Capital Retail Bank for allegedly taking advantage of consumers through their medical debt financing program. Today the Consumer Financial Protection Bureau is ordering GE Capital Retail Bank and its subsidiary, CareCredit, to refund up to $34.1 million to potentially more than 1 million consumers who were victims of deceptive ... Read More »

      FHA to Make It Easier for People with Bad Credit to Get a Mortgage

      Happy people celebrating with money raining

      Very shortly new manual underwriting regulations from FHA will become effective and make it easier for people with low credit scores to qualify for a mortgage. This is good news for people without a lot of debt but a low credit score. Under the new rules the following changes will be made. First, HUD has taken the opportunity to address ... Read More »

        Consumer Asks World Law Debt for Three Times Her Money Back

        Screen Shot 2013-12-10 at 1.36.42 PM

        A television station in Colorado is reporting that a Colorado women was unsatisfied by the services provided by World Law Debt and filed a complaint with the state asking for three times her money back for the debt settlement company as she is allegedly entitle to under Colorado law. CBS 4 out of Denver put out the following information. “She ... Read More »

          Meracord, Noteworld, and Fidelity and Deposit Company Hit With Class Action

          Screen Shot 2013-12-10 at 11.51.15 AM

          While the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland. This time in Arizona. The complaint provides a very long description of the alleged actions and conspiracy between the debt settlement escrow company and the companies they elected to work ... Read More »

            Town & Country Acceptance Corporation Debt Management Mailer

            town and country acceptance back

            Town & Country Acceptance Corporation recently sent out the following postcard to residents in Ohio. Town & Country Acceptance Corporation describes themselves as a debt management company. – Source An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. This offer was able to be reviewed because a kind reader sent it in ... Read More »

              California Foreclosure Rescue Scammer Headed to Jail

              mans hands behind bars in jail or prison

              Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Melinda Haag, United States Attorney for the Northern District of California, today announced that on November 26, Walter Bruce Harrell, 72, of Montara, Calif., was sentenced to 10 months in federal prison and three years of supervised release for bankruptcy fraud and for providing false statements in ... Read More »

                What is Free Credit Report Monitoring and How to Get It

                Super Hero - Female

                There is no shortage of issues that abound when it comes to credit reports. Between worrying if the correct information is being reported about you to what might be going on with your credit report behind your back, you have to remain ever vigilant. There many places where you can pay for credit report monitoring but I like to recommend ... Read More »

                  CFPB Gives Private Student Loan Debtors a Little Glimmer of Hope

                  cfpb

                  Today the Consumer Financial Protection Bureau (CFPB) announced they will begin supervising nonbank student loan servicers for the first time. While the new rule does not alter or modify any repayment plans consumers are thirsty for in order to manage their private student loans, supervision is a step in a positive direction. The new rule and supervision is really aimed ... Read More »

                    While I Don’t Always Agree With Dave Ramsey, He’s Right On This

                    angry woman

                    Dave Ramsey calls American’s stupid when it comes to student loans. Judging by the number of questions I get like he described, he’s on to something here. Read More »

                      Stop Gambling With Your Debt. Get Health Insurance.

                      risk

                      People who don’t like to gamble and think it is stupid, gamble every single day with the biggest debt they may ever owe. But then again people are not the most logical creatures. Some would no more consider wasting money on lottery tickets because the odds of winning are so low but they gamble by not having health insurance because ... Read More »

                        2013 Nationwide Debt Reduction Plan Mailer is for Debt and Student Loans

                        debt reduction mailer

                        As part of my I Buy Junk Mail program I received the following mailer that appears to be for an advanced fee debt settlement program called the 2013 Nationwide Debt Reduction Plan. The outside of the mailer looks like an official self mailer and has the familiar postal permit 1297 from Sacramento, California. The inside of the mailer appears to ... Read More »

                          Student Loan Assistance Center Marketing Mailer – I Buy Junk Mail

                          Student Loan Assistance Center

                          Susan sent in the following mailer to me from a generic sounding company, Student Loan Assistance Center. She also noticed the letter had the same Judy Pratt signature as other debt relief mailers have. The last one I covered was from the Debt Reduction Department. Click here. For those who may not know, I Buy Junk Mail so be sure ... Read More »

                            Canada Pushes Back on Debt Settlement With New Regulations

                            canada

                            In Ontario a bill passed recently which significantly impacts the delivery of debt settlement services there. First, I owe a big hat tip to a good friend up there in the great white north for alerting me to this. This new bill impacts both debt settlement companies and credit counselors. Bill 55, the Stronger Protection for Ontario Consumers Act 2013, ... Read More »

                              Two More Settle with FTC over I Works

                              ftc

                              Two key players in the I Works scheme that allegedly took more than $275 million from consumers via deceptive “trial” memberships for bogus government-grant and money-making schemes have agreed to settle Federal Trade Commission charges that they violated federal law. Bryce Payne and Kevin Pilon, along with Jeremy Johnson and seven others, were named in a complaint the FTC filed ... 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.