Latest Posts
Home > Debt Articles (page 222)

Debt Articles

I Want You to Meet Who You Helped Today – Oscar


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 site so we can help more ... Read More »

    California Sues Individuals, Lawyers and Companies That Offered Loan Modification Services

    Ready to Collapse

    Attorney General Brown Sues 21 Individuals and 14 Companies Who Ripped Off Homeowners Desperate for Mortgage Relief As part of a massive federal-state crackdown on loan modification scams, Attorney General Edmund G. Brown Jr. at a press conference today announced the filing of legal action against 21 individuals and 14 companies who ripped off thousands of homeowners desperately seeking mortgage ... Read More »

      New Jersey Goes After Loan Modification and Debt Settlement Companies. Suits Filed.

      Continuing the State’s effort to combat mortgage-related fraud, New Jersey Attorney General Anne Milgram announced today the filing of two new lawsuits charging a total of 10 individual and corporate defendants with selling bogus loan modification services to distressed homeowners. Defendants in the two unrelated cases are charged with collecting unlawful “up-front” fees for loan modification services that either never ... Read More »

        I Went Chapter 13 Bankruptcy Twelve Years Ago. How Do I Get Out? – Tammy

        Ready to Collapse


          Facts Reveled in National Arbitration Forum Lawsuit Should Make You Want to Puke

          The state of Minnesota recently filed a lawsuit against the National Arbitration Forum, the entity that claims to independently resolve consumer issues with creditors through binding arbitration. We’ve known for year this is a well controlled scheme in which the outcome is all but certain when a case goes to arbitration, the consumer will lose. In the lawsuit, download a ... Read More »

            Minnesota Attorney General Sues National Arbitration Forum. Claims Consumer Deception.

            Today the Attorney General of Minnesota, Lori Swanson, filled a lawsuit against the largest consumer arbitration company, National Arbitration Forum. She claims that the National Arbitration Forum tells the public and government that it acts fairly and impartially to help mediate complaints between consumers and credit card companies. It appears that Attorney General Swanson finally found the magic word to ... Read More »

              Watch Video About Inside Business Opportunity Fraud

              Ready to Collapse

              If you can’t see the video above, click here to watch Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Get Out of Debt Guy – Twitter, G+, Facebook Read More »

                Missouri Attorney General Testifies Before U.S. Senate About Debt Settlement and Mortgage Rescue Scams

                Ready to Collapse

                Attorney General Chris Koster will testify before the U.S. Senate Commerce Committee today on the increase in mortgage-rescue and debt-settlement fraud Missouri is experiencing during the downward economic times. I just watched the live feed of his testimony and hopefully his testimony will be made public. If you are running a debt settlement company in Missouri, it wasn’t pretty testimony. ... Read More »

                  My Upcoming Economic Tour to Visit America in Trouble

                  Ready to Collapse

                  Pam and I are going to set off on a tour of places that have been hard hit by unemployment, foreclosure, or bankruptcy. It looks like we’ll be on the road in August and just observing and recording as we go. Years ago I did a cross country tour of America to interview people about their credit and debt concerns. ... Read More »

                    As Medical Costs Rise, More People to Charge Medical Care

                    Ready to Collapse

                    When doctors first began accepting credit cards for payment years ago, patients were shocked. The impression was that the doctor was just in it for the money. Then a few years latter some medical offices began to offer credit company backed financing for larger medical procedures, again patients were shocked. This trend was lead by GE Money and their CareCard ... Read More »

                      California Debt Settlement Legislation AB350 Much Closer to Passing

                      Ready to Collapse

                      California is very close to passing new regulations regarding debt settlement services. Below you will find the meat of the regulations. You can read the latest version of AB350 Debt Management and Settlement act here. An interesting new twist in this regulation from California is the sentence “The provider’s total fees must be spread over at least half the length ... Read More »

                        Debt Settlement Attorney Lawyer Keith Nelms Loses Law License for Three Years

                        Ready to Collapse

                        Just yesterday I wrote about the recent troubles with Keith Anderson “Andy” Nelms, a lawyer in Alabama that is running a debt settlement company called Allegro Law that actually farms out cases to Americorp. I came across this little nugget that should make any lawyer engaged in debt settlement services, take notice. In a matter unrelated to the civil complaint, ... Read More »

                          Debt Settlement Attorney Keith Nelms with Allegro Law Gets Sued in Alabama


                          Action by the Alabama Attorney General this week further highlights the tough stance that law enforcement is taking against debt settlement companies. In this case it is against a lawyer and his related professional companies. This suit might lead other debt settlement attorneys to exit the debt settlement business to prevent the loss of their professional license. The suits and ... Read More »

                            Debt Settlement Companies and Associations Hiring Washington Lobbyists to Persuade Congress

                            Ready to Collapse

                            An article in The Hill talks about how the Debt Settlement industry is now hiring lobbyists to meet with members of Congress in order to make their case to continue to exist. Many states and the Federal Trade Commission have reloaded their regulatory shotguns and taken aim at rogue debt settlement companies in the past few years in hopes of ... Read More »

                              Credit Card Interest Rate Reduction Scam Closed

                              Ready to Collapse

                              At the request of the Federal Trade Commission, a U.S. district court judge has imposed a telemarketing ban on a Canadian operation that targeted U.S. consumers with false claims that it could reduce their credit card interest rates. The court entered a permanent injunction that puts the defendants out of the telemarketing business and also bars them from misrepresenting that ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                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.

                                I promise to keep your email safe and secure.