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How to Borrow Your Way Out of a Student Loan Default and Lower Your Payment

The actual granular data presents a surprising reality.

I can certainly understand why issues surrounding student loans seem like an unknown foreign language for many people. While the information is out there it seems that nobody knows what to make of it. Almost the worst place to turn for advice seems to be the student loan debt collectors. In all fairness it just might not be their job ... Read More »

    Crestmont Funding Debt Consolidation Loan Mailer Sent in by Reader

    Crestmont Funding mailer received by reader.

    An amazing reader, Shawn, sent in a new debt relief mailer through my I Buy Junk Mail program. He received a mailer from Crestmont Funding for a debt consolidation loan. Shawn wanted to point out the BBB logo was prominently displayed. According to the BBB and the State of North Dakota, the company address is 3949 Highway 8 STE 109, ... Read More »

      The Easiest Way to Stop a Student Loan Wage Garnishment – Loan Rehabilitation

      casual woman saving money

      I can’t tell you how frequently people ask me for the best advice to deal with an Administrative Wage Garnishment for a federal student loan. It’s quite often. And the tragedy is the wage garnishment could have been easily avoided. The loans should never have been allowed to get to that point because there are such good programs to avoid ... Read More »

        NourishLife Speak Claimed to be Unfair and Deceptive Says FTC

        Image from FTC complaint filed against company.

        The Federal Trade Commission has just filed suit against a set of alleged life improving supplement companies claiming the advertising and claims made was unfair are deceptive. NourishLife, which also does business as SpeechNutrients, Lifenutrients, PharmaOmega, and BeneOmega, is the target of this action. At the heart of this issue is some product name Speak. According to the NourishLife website, ... Read More »

          Three Ways I Made $3,200 in Less Than 10 Minutes. You Can Too.

          Young man looking shocked in tablet pc

          I write about debt issues all the time. I’ve done it for decades. Truly the best way to deal with digging yourself out of a financial hole is to adjust the balance of your money coming in and your dollars going out. It is a fact of life that every dollar saved in expenses is a dollar you don’t have ... Read More »

            The Fine Art of Getting Out of Debt

            change your mind

            Having helped people with problem debt since 1994 and having lived through financial problems myself in the late 1980s, I’m always amazed how badly people manage the art of getting out of debt. When I listen to “the debt experts” it almost seems they have never lived through really bad debt problems since they miss the most critical aspect of ... Read More »

              Illinois Revokes License of Temp Agency Check Cashing Store

              Check - Bad

              by Michael Grabell ProPublica, Jan. 6, 2015, 8 a.m. Illinois regulators revoked the business license last month of a check cashing store featured in a ProPublica investigation of temp agencies and labor brokers in Chicago. The revocation order is the latest in a string of government and legislative actions taken in response to a ProPublica series on the growth of ... Read More »

                Scam Amish Heater Mailer Makes Me Curious – HS Payment Processor

                Amish Heater Letter 3

                Loyal readers know I typically focus on consumer debt related issues but this recent marketing piece sent to my dead mother made my blood boil. The outside of the marketing piece clearly appears to spoof an official government mailer. I think it tries very hard to trick recipients into thinking this is critical government mail, maybe from the Internal Revenue ... Read More »

                  Virginia Based Military Members Now Safer from Long-Distance Lawsuits

                  Military Flag

                  by Paul Kiel ProPublica, Dec. 26, 2014, 11:25 a.m. Federal regulators reached a settlement last week with the owners of two high-priced lenders over what they alleged were illegal debt collection practices against service members. The Virginia-based companies were featured in a ProPublica story last summer. The action by the Consumer Financial Protection Bureau, which enforces federal consumer laws, is ... Read More »

                    Be Magically Debt Free Today – The Best Christmas and Hanukkah Gift

                    Steve Rhode - Get Out of Debt Guy

                    The holiday season weighs heavily on our bank accounts. It seems there are two camps at this time of the year, those that spend to much and those that wish they could spend more. Both camps carry a common guilt. For those that overindulged on spending during the holidays, the traditional holiday hangover will arrive in January. The Post Office ... Read More »

                      FTC Stops Payday Loan Scammers From Tapping Bank Accounts

                      ftc

                      A data broker operation sold the sensitive personal information of hundreds of thousands of consumers – including Social Security and bank account numbers – to scammers who allegedly debited millions from their accounts, the Federal Trade Commission charged in a complaint filed today. According to the FTC’s complaint, data broker LeapLab bought payday loan applications of financially strapped consumers, and ... Read More »

                        Consumers With Mortgage Problems Continue to be Gullible Lambs

                        Big Scam Dog

                        After writing about consumer debt issues for decades now, I have to admit it gets very frustrating watching people fall for the same old scams over and over. Do people never learn or does commonsense and logic just fly out the window the minute someone shoves an official looking document in your face? The SIGTARP (Special Inspector General for the ... Read More »

                          Thomas Macey and Jeffrey Aleman Get Slapped by IL Board

                          Bitch Slap

                          For some time now there has been an open action by the Illinois Attorney Registion and Disciplinary Commissions against Macey and Aleman of Legal Helpers Debt Resolution. Well the final report is out and it surprised me. Well, I wasn’t shocked that Macey and Aleman were recommended for a two year suspension as lawyers. But I was surprised how much ... Read More »

                            AFBC and Student Loan Payment Reduction Department

                            inside of mailer

                            An amazing reader, JMAN sent in a new debt relief mailer through my I Buy Junk Mail program. This one is for something called the Student Loan Document Preparation and Processing Services Program, Student Loan Payment Reduction Department, and AF Student Services. The key here is nothing in this self mailer is clearcut. The outside of the mailer looks like ... Read More »

                              Debt Collectors – A Changing Landscape. Here is What the Future Brings.

                              future

                              Having been a GetOutOfDebt.org site reader and contributor for many years, I am used to seeing posts about what the New Year will bring to debt relief services. Below, I offer my own brief version of what may come in 2015, but with a focus on debt collectors. Changes that we should see to rules governing debt collectors behavior, next ... Read More »

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