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I Financed a New Demo Motorcycle Yesterday Even Though I Went Bankrupt.

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Yesterday, Pam and I decided that we wanted to buy a new motorcycle that had been the 2008 dealer demo and only had a few hundred miles on it. We decided to buy a 2008 Honda Goldwing, a big touring bike but an awesome ride. We have some trips coming up that we are going to love riding it on. ... Read More »

    2009 NFCC State of the Credit Counseling and Financial Education Sector Address

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    Below you will find the presentation given by Susan Keating of NFCC regarding the state of credit counseling in the United States. I was pleasantly pleased to find the NFCC talking about possibly leaving the door open to pursue offering debt settlement in the future, efforts to regulate the debt settlement industry, and an admission that the Call to Action ... Read More »

      Glenn Beck says Bankruptcy is Good! Rush Limbaugh Has Already Been Bankrupt Once.

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      Call me what you want, but I’m not a big watcher of FOX News. Other extended members of my friends and family worship Fox News, Glenn Beck and Rush Limbaugh. They would be described as members of the moral majority, the Christian conservative branch of the family. But yesterday I was on my motorcycle, riding down the road and I ... Read More »

        Bouncing a Check Can Put You Behind Bars For Years in Dubai

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        A recent New York Times article on the perils faced by debtors in Dubai, United Arab Emirates. More needs to be written about the impossible situation in Dubai when it comes to resolving debts faced by even your average person. I certainly have answered my share of debtor questions from people worried about their Dubai debts. Even in a modern ... Read More »

          Three Mortgage Brokers Arrested in Handcuffs from Mortgage Refinance Scam

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          California Attorney General Edmund G. Brown Jr. today announced that agents from his office have arrested Michael McConville, and two of his associates for their roles in a “criminal conspiracy” to steal nearly $1 million from borrowers seeking to refinance their homes. McConville and his co-conspirators lured dozens of borrowers into refinancing home loans by falsely promising low interest rates ... Read More »

            “Bank of America’s Message to Me Was Tough Shit!”

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            Certainly an impassioned point of view from a very angry Bank of America customer that feels strongly that she is not going to pay Bank of America one more penny. Here are some videos that responded to the original video or content. As you can see she has a few fans. Although the message could have better embraced by people ... Read More »

              Chase Class Action Suit For People Offered a Chase Fixed Annual Rate Credit Card

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              This might be of interest to you if you were offered a fixed rate credit card from JP Morgan Chase and then they switched the terms. This is an ongoing investigation and pending consumer class action against Chase Bank USA and JPMorgan Chase & Co. (hereinafter “JP Morgan Chase”) in which it is alleged that JP Morgan Chase offered to ... Read More »

                Why I’m Investing $1,000 to Help People Consolidate Their Debt.

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                I’m old enough now to learn that I should never say never about anything. There was a time that I was very anti peer-to-peer lending and thought there were no longer any opportunities for people to get unsecured debt consolidation loans. My initial uncertainty and hesitancy about this form of lending was supported by what I observed in the early ... Read More »

                  Wage Garnishment Exemptions and Garnish Wages Information By State

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                  If you have questions or concerns about having a garnish of wages this information below will help you to better understand what the wage garnishment laws exemptions are by state. If you have any worries or specific questions about wage garnishment or getting your wages garnished in your state, you need to find an attorney licensed in your state to ... Read More »

                    Budgeting in Tough Times Increases Emotional Pain During Money Troubles

                    I was listening to the radio today and heard a very interesting story. Listen below. The story appears at the point with six minutes left in the show. Listen to The Symbolic Power of Money It mentioned a recent study “The Symbolic Power of Money: Reminders of Money Alter Social Distress and Physical Pain” People often get what they want ... Read More »

                      Paul Reddam, Race Horse Stable Owner, Founder of DiTech, Slapped By California AG for CashCall

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                      Attorney General Edmund G. Brown Jr. today forced CashCall, Inc., an Anaheim-based fast-money lender, to stop using “loan shark tactics” in collecting debt, including abusive calls at all hours of the day and night and empty threats of law enforcement action. The court-ordered judgment also forces CashCall to stop misleading consumers with deceptive advertising and pay $1 million in civil ... Read More »

                        The Selling of Debt Settlement Services. It’s Easy to Sucker You In.

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                        Did you know that for only $10,950 any person of unknown character and intent can launch a national advertising campaign and sell debt settlement services? On my last tour of the country I was laying half awake in bed and on came this commercial that certainly appeared as if it was a news broadcast or message from the government. It ... Read More »

                          Debt Settlement Lies & Inside How Debt Settlement Services Are Sold

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                          Recently I had the opportunity to meet Michael Bovee from Consumer Recovery Network and I asked him if he would be honest enough or brave enough to openly share some of the marketing secrets of debt settlement services today. Here is what he was willing to share and you will see it is a very frank and open description of ... Read More »

                            Credit Solutions Debt Settlement Company Makes The News, Again

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                            Credit Solutions is one of the largest debt settlement companies and has certainly managed to irritate the BBB, Attorney General’s in three states, is facing a class action suit, and that’s just to name a few of the actions against it. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Get Out of Debt Guy – Twitter, ... Read More »

                              Debt Relief USA Sued for Millions by Texas AG

                              Texas Attorney General Greg Abbott today took legal action to recover $4.6 million that a bankrupt “debt settlement” company wrongly withheld from its clients in Texas and other states. In June, Debt Relief USA Inc. of Addison filed for bankruptcy protection in the Northern District of Texas. As a result, more than 2,500 financially distressed customers did not receive the ... Read More »

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